Traveling abroad is an exciting adventure, but dealing with fluctuating exchange rates can often be a headache. Fortunately, prepaid forex cards offer a convenient and secure solution for international travelers. Let’s explore how you can withdraw cash without worrying about fluctuating exchange rates using your forex card at ATMs around the world.
Withdraw Local Currency Worldwide at Lock-In Rates
It’s common for travelers to wonder how to avoid fluctuating exchange rates when using their travel cards for ATM withdrawals. Fortunately, with a BookMyForex forex card, you can streamline the ATM withdrawal process and benefit from lock-in rates when withdrawing cash from ATMs globally. Here’s how our card ensures you get the best exchange rates for hassle-free ATM withdrawals:
1. When you book your travel card through BookMyForex, you gain access to zero markup interbank-linked rates.Â
2. Unlike traditional banks and other forex dealers that offer fixed rates of the day, we offer live exchange rates at the time of your order.Â
3. This ensures that you receive a rate that reflects the current market conditions, rather than a potentially inflated or less favorable rate.
4. Now when you load your BookMyForex card, you get to lock in the best rates at that very exact moment.
5. Unlike debit and credit cards, our forex card protects you from rate fluctuations because of this rate lock-in feature.
6. So when you use your BookMyForex prepaid travel card to withdraw local currency from an ATM abroad, you effectively get the local cash at the same rate as when you initially loaded the card.Â
7. This eliminates the uncertainty and potential inconvenience of fluctuating exchange rates that can occur with ATM withdrawals abroad.
8. This lock-in rate also means you’ll always know exactly how much your money is worth and can better manage your travel budget.
Understanding ATM Withdrawal Fees and How to Avoid Them
It’s a well-established fact that carrying large amounts of currency notes while traveling abroad can be risky. Prepaid forex cards, on the other hand, provide a safer alternative. You can use your forex card to withdraw cash when needed, minimizing the risks and hassles associated with handling cash. Although some travelers worry about ATM withdrawal fees, using a prepaid forex card ensures you can affordably withdraw local currency abroad.
At BookMyForex, we understand the importance of keeping your travel expenses manageable. Swiping your BookMyForex forex card abroad is absolutely free and for ATM withdrawals, we charge only a minimal fee, making it easier for you to access cash. Below are the ATM withdrawal charges for some of the popular currencies:
| Currency | ATM Withdrawal Fee |
| United States Dollar | USD 2 |
| Pound Sterling | GBP 1.5 |
| Euro | EUR 1.5 |
| Canadian Dollar | CAD 2 |
| Australian Dollar | AUD 2 |
| Singapore Dollar | SGD 2.75 |
| Arab Emirates Dirham | AED 7 |
| Japanese Yen | JPY 225 |
| Thai Baht | THB 65 |
Note that besides the standard ATM withdrawal fee charged by BookMyForex, you may encounter additional fees imposed by the ATM operator. These additional fees can vary depending on the ATM you use and are determined by the foreign banks operating those ATMs. BookMyForex does not have control over these extra charges, so it’s a good idea to check the fee details at the ATM location to be aware of any additional costs.
Conclusion:
In summary, the BookMyForex forex card provides a smooth and economical solution for cash withdrawals abroad. With lock-in exchange rates and minimal fees, you can withdraw cash effortlessly without the concern of fluctuating exchange rates. So what are you waiting for? Get yourself a BookMyForex prepaid forex card to ensure your international travels are seamless and worry-free.
About the Author
Bhawna Nijhawan is the Content Manager at BookMyForex and the go-to person for creating engaging, informative content that resonates with the platform’s diverse audience. With over 8 years of experience in content writing and more than 4 years in the forex industry, she knows exactly how to simplify complex forex topics into something everyone can relate to.
