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StanChart launches new forex card

Standard Chartered Bank has launched a multicurrency forex card to offer a seamless experience for overseas travelers. The card allows customers the convenience of loading up to 20 widely used currencies on one card with an online reload facility during overseas travel. Called Standard Chartered Multicurrency Forex Card, it is designed to offer travelers a secure way to carry money when travelling abroad. Some of the currencies that can be loaded are US dollar, Euro, British Pound, Singapore dollar, Swiss franc, Thai baht, Japanese Yen and South African rand. The card will also provide Forex rate lock-in with zero mark-up on cash withdrawals and shopping abroad. Travelers 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. In addition, it also provides travelers insurance cover against misuse of lost card, personal accident insurance and loss of baggage or personal documents.

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