How to Transfer Money from a Forex Card to a Bank Account?

Returning from an international trip with unused foreign currency on your HDFC Bank ForexPlus Card is common. Rather than leaving the funds idle, you may choose to transfer the balance to your bank account. The process is structured and straightforward, enabling convenient fund repatriation.

There are several practical reasons to transfer funds from your Forex card:

Unused Balance

After your travel ends, surplus funds may remain on the card. Transferring them to your bank account enhances accessibility.

Improved Liquidity

Funds in a savings account can be utilised for regular expenses, investments, or other financial needs.

Avoiding Maintenance Charges

Certain cards may attract inactivity or maintenance-related charges. Transferring the balance can help mitigate such costs.

The HDFC Bank ForexPlus Card typically carries a validity period of two to five years. You may either retain the balance for future travel or transfer it to your bank account.

1. If You Hold an HDFC Bank Savings Account

You can initiate the transfer through:

• PhoneBanking: Provide your ForexPlus Card number and Customer ID to request the transfer.
• Branch Visit: Visit the nearest HDFC Bank branch and submit the prescribed request form to process the transfer.

The funds will be credited to your linked HDFC Bank account after processing.

2. If You Are Not an HDFC Bank Account Holder

You may:

• Visit the nearest HDFC Bank branch, or
• Call PhoneBanking to request the transfer.

Keep the following documents ready when visiting the branch:

• HDFC Bank ForexPlus Card
• Valid ID proof (such as Passport)
• Bank account number
• Cancelled cheque of the destination bank account

These documents facilitate verification and smooth processing of the transfer request.

Once funds are transferred from the Forex card to your bank account, the previously locked-in exchange rate protection no longer applies.

If you intend to travel again, you will need to reload the card at the prevailing foreign exchange rates. For frequent travellers, it may be prudent to retain smaller balances (for example, amounts below USD 2000 or equivalent) on the card to avoid repurchasing currency at new rates.

Before initiating a transfer, evaluate your travel frequency and currency exposure to determine the most cost-efficient approach.

Try HDFC Bank Forex Cards to ensure seamless transactions during your stay!

*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.