Wednesday, May 13, 2009

StanChart launched pre-paid card ‘SmartTravel FX card’

Standard Chartered Bank has launched a gold pre-paid travel card ‘SmartTravel FX card’. The card has been loaded with a unique feature; using card the payments can be made in three international currencies – US dollar, Euro and Sterling Pound.

In a release issued by the bank stated there is no limit on pre-loaded amount but should be within prescribed limits of the Reserve Bank for international travel.

Moreover the transactions done by using this card will be treated as local transactions as the billing will be done in the base currency therefore it will not incur additional cross-currency charges levied on all international and credit cards.

Standard Chartered’s General Manager, Consumer Transaction Banking, Sai Narain, stated, "the new SmartTravel FX card combines extraordinary convenience with safety. The currencies in which the card is denominated are universally accepted, which makes the card valid across most countries Indians travel to."

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