How To Transfer Money From Forex Card To Bank Account

You are back from your trip and have leftover funds in your HDFC Bank ForexPlus Card. You want to move it back into your savings account. How do you do it? One of the best features of a ForexPlus Card is the ease with which you can transfer leftover money to a bank account. This step-by-step guide will show you exactly how to do it without any hassle.

There are several reasons you might want to transfer money from a Forex card to a bank account:

• Unused Funds: After a trip, you might find you have leftover money on your forex card.
  Instead of holding onto it, transferring it to your bank account can be a practical option.
• Better Utilisation: Keeping money in a Forex card might not always be beneficial, especially if the card incurs annual fees or if you’re not planning to travel soon.
  Transferring the funds can make them more accessible for daily use.
• Avoiding Fees: Some forex cards have fees for maintaining a balance or for non-usage. Transferring the money to your bank account can help avoid these costs.

HDFC Bank ForexPlus Card comes with a validity of two to five years. You can retain leftover funds for your next trip or transfer them back to your HDFC Bank account. Follow these simple steps to transfer funds from your Forex card to your bank.

1. If you have an HDFC Bank Savings account

You can transfer the money from your HDFC Bank ForexPlusCard to your bank account by calling PhoneBanking. All you will need are your ForexPlus Card number and your customer ID. If you wish to do it physically, visit the nearest branch and submit a form to complete the transfer.

2. If you are not an HDFC Bank account holder

Visit the nearest HDFC Bank branch or call PhoneBanking and request for the remaining money in your HDFC Bank ForexPlus Card to be transferred to your bank account.

Keep the following handy while visiting the branch:

• Your HDFC Bank ForexPlusCard
• Valid ID Proof/ Passport
• Bank account number
• A cancelled cheque from your bank account
   

Remember: Once you transfer money from your Forex card to your bank account, you lose the protection against forex fluctuations. The next time you travel, you must load foreign currency into the card at the prevailing rates. If you are a frequent traveller, our advice is to keep the currency in the Forex card if it is below USD 2000 (or equivalent) to avoid repurchase.