Do international debit cards have a daily spending and withdrawal limit?

Yes, all debit cards come with a daily spending and withdrawal limit. If you exceed the daily limit, your debit card will be rendered nonfunctional for further transactions on that given day.

Will I have to pay extra from my pocket in case my debit card gets lost?

While you normally won't have to pay extra, some banks might charge a replacement fee for stolen or lost cards. But there is no need to worry as most leading banks offer coverage on their debit cards to give you peace of mind in case something unfortunate happens

How do I determine the exchange rate for every debit card transaction?

It must be taken into consideration that exchange rates fluctuate on a regular basis based on the market performance. This simply means that you will have to check the exchange rate every time you make a debit card transaction abroad.

Will my international debit card support all foreign currencies?

Most international debit cards offer support for only a limited number of foreign currencies. You should confirm with your bank beforehand whether your debit card can be used for international transactions and withdrawals in the country you are visiting.

Nitin Motwani, Author at Blog-Best Foreign Exchange

Nitin Motwani

Nitin Motwani is the founder and CTO at BookMyForex. A former Silicon Valley professional, Nitin is devoted towards his vision by coming up with innovative tech-driven products. In his free time, Nitin likes to compose music and play the guitar.

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