Standard Chartered Bank launches Multicurrency Forex Card

Standard Chartered Bank has launched a 'Multicurrency Forex Card' that offers customers the convenience of loading up to 20 widely used currencies on one card.
The card comes with an online reload facility during overseas travel and is designed to offer travelers a secure way to carry money when travelling abroad, Standard Chartered Bank said in a statement.
Some of the currencies that can be loaded are the US dollar, Euro, British Pound, Singapore dollar, Swiss franc, Thai baht, Japanese Yen and South African rand, it said.
"The card will also provide forex rate lock-in with zero mark-up on cash withdrawals and shopping abroad. Travellers get protection against the frequent currency fluctuations by locking in the currency exchange rate they availed during the time of loading the card, and not pay different rates every time they use the card," it said.

Additionally, it will provide travelers insurance covers against misuse of lost card, personal accident insurance and loss of baggage or personal documents.