Forex online shopping review
Thank you IndusInd for making my travel easier. Whenever I go abroad, I always prefer to travel light- and this applies to the money I carry with me- as I constantly worry about either losing or misplacing my cash. IndusInd's multi-currency travel card really helped me in this regard! As all I needed was a card instead of bulky physical cash! With IndusInd's multi-currency card, shopping experience at my last overseas trip was made a hundered times easier. To my delight, the bank didn't even charge any transaction fees!
Trust me people, this card is an absolute necessity for international travels. After returning from Dubai, I was left with a lot of unused balance in my IndusInd multi-currency card.
I was relieved to findout how easy it was to get it encashed! Prior to my trip abroad, I bought IndusInd's multi-currency card to avoid any currency problem. Armed with this card, I could dine, shop and make bookings with the utmost ease! I always take the multicurrency card on trips abroad as it makes travelling so much more relaxed.
Great from a security angle as well. The multicurrency card made our trip to Dubai so much easier! All I had to do was load the currency online and we could use the card to shop at most major outlets. The card also works on all Visa ATMs so we could withdraw the cash we needed. My work takes me abroad at least twice a year on long trips and the multicurrency card has been a mainstay of my tours for the past two years.
Now, I simply carry all the currency I need on the card! My wife and I travelled abroad for our honeymoon. Using the card was very easy and we could save on exchange rates. A great product, especially for shoppers! Review by Prashant , Jul This is a very poor service. The payment is deducted from bank account but order is not placed.
Buying forex from this bank online is useless, as they take all the details and order gets cancelled in the end, but amount is deducted from bank account.. Huge waste of time as you'll have to wait many days for getting refund later.
Review by Aditya Hardikar , May Review by Umesh Kumar , May Very poor service Bank takes days to load currency and customer gets anxious as no support or communication from the bank. Give Feedback Customer Reviews. Indus Multi Currency Card. Overview Multi currency card overview Managing multiple currencies on your trip abroad is now a simple affair with the IndusInd Multicurrency Travel Card.
Accomplish all this with a single swipe of your card. Avoid the hassle of standing in long queues to purchase or exchange currency. Be protected against currency fluctuations, as your exchange rate remains unchanged after you load your card. Get instant alerts for transactions. Be assured of easy encashment once you return to India.
Refund is initiated immediately after the completion of certain formalities. Get Ready-to-Use Card Kit instantly! Track your spends or check the balance of your Indus Multi Currency Card through our website. Available balance on card provided after every transaction In respective wallet currency. Accounting made easy with periodic regular statements. Load upto 8 currencies on a single card. You can either enroll for this service in advance or register for the same while you are shopping.
For Free Registration, Click here. Things to remember Traveller must adhere to the below given guidelines while using the card Card is as valuable as cash and should never be left unattended Surrender your card only to the designated bank officer of IndusIndBank branch. These steps could differ according to terminal and acquiring bank locally.
You can check the available balance through any of the below options- 1. By calling our Phone Banking Service. Is partial withdrawal allowed? How will the wallet get debited for a transaction? No, Partial Withdrawal is not allowed. In the event that no Currency Wallet has been created for that currency, amounts would be deducted from the currency wallet denominated in United States Dollars USD. In the event that there is insufficient balance in any of the currency wallets from which transaction is requested, bank will debit the default currency specified for the product as USD or will debit the next wallet in which amount is available.
Subsequent wallets will be debited in case of non- availability of funds equal to total amount of transaction requested. Hierarchy in which the subsequent wallet for such debit is decided will follow the Currency Priority set by the customer if any. In case no such priority is set by the customer, the default currency priority will be decided by the bank. Customer may set the priority of currency for debits in aforementioned scenario either by requesting the same at the time of card being issued on the account opening form or may set the same himself or herself on the online card access.
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Get your available balance via SMS. Get your last 5 transactions via SMS. Review by Prashant , Jul This is a very poor service. Review by Umesh Kumar , May Very poor service Bank takes days to load currency and customer gets anxious as no support or communication from the bank. I would recommend this product Yes. This means you only have to pay a fraction for example, 0. He paid a 0. If John had not closed out this trade and the value of the AUD against USD continued to fall, he may have had to meet a margin call and lose many times his original investment.
If John had arranged a guaranteed stop loss order with his provider, this would have cost him a fee. The guaranteed stop loss order would have closed him out of the trade at a certain price to prevent further losses if the market moved against him. This may have capped his losses but would not have covered them entirely. Forex trading raises the stakes further by letting you trade with borrowed money leverage , but you'll be responsible for all losses, which may exceed your initial investment.
Margin FX trading is one of the riskiest investments you can make. Different types of foreign exchange trading products involve different risks so you should read the product disclosure statement carefully before investing. You should also check that the forex provider you are thinking of dealing with has an Australian Financial Services Licence.
Find out what an AFS Licence means. If the provider does not have an AFS licence, make sure it is regulated by an appropriate overseas authority trading with these providers may not give you recourse to Australian laws.
See check an investment company or scheme for more details. Read ASIC media release warning about a fake forex website. To successfully trade you will need to have good knowledge of foreign exchange, leverage, volatility and the conditions of each country whose currency you are trading. You will also need to predict how these conditions affect the relative value of those currencies. This is extremely difficult as so many factors come into play, including politics, economics and market confidence, and these are unexpected, random events.
There are also many software programs available for this type of trading. They may claim their programs can let you know when to make trades.
Remember that no person or program can ever accurately predict movements in foreign currencies.