Yes Bank Multicurrency Travel Card

The Yes Bank Multicurrency Travel Card stands out as the perfect companion for frequent international travelers, providing authentic payment solutions globally. This card presents a sophisticated, user-friendly, and secure payment alternative, surpassing the convenience of carrying foreign currency or traditional debit/credit cards. Tailoring itself to the local currency of each transaction, the card seamlessly chooses from various wallets embedded within it.

Available in both Mastercard and Visa Corporate variants, this card shields users from fluctuations in foreign exchange rates by locking in the exchange rate at the time of loading funds onto the card.

Key Highlights of Yes Bank Multicurrency Travel Card

  1. A forex card equipped with contactless technology and secured by CHIP and PIN for protection against unauthorized use.
  2. Capability to store up to 15 different currencies, accepted at over 36 million merchant locations worldwide.
  3. Option to top up the card from remote locations via Yes Bank branches.
  4. Convenient management of the card through the Yes Pay mobile application and the Self Care online portal.
  5. Flexibility to activate or deactivate the card and adjust spending limits for various transaction types.
  6. Simple process for transferring any remaining foreign currency back to your bank account.
  7. Receive both financial and non-financial notifications through email and SMS.

Features and Benefits of Yes Bank Multicurrency Travel Card

The Yes Bank Multicurrency Travel Card offers several features and benefits:

  1. Contactless Technology with Security: The card is equipped with contactless technology and has Chip and PIN protection to prevent unauthorized transactions and fraud.
  2. Support for Multiple Currencies: It supports up to 15 different currencies including major ones like USD, GBP, EUR, and more. However, it can’t be used for foreign currency transactions in India, Bhutan, and Nepal. Accepted globally at over 36 million merchants and 2.4 million ATMs.
  3. Convenient Remote Reloading: You can reload the card remotely by visiting a Yes Bank branch, filling out a MCTC reload form, providing necessary travel documents, and payment instructions.
  4. Simple Card Management: Manage the Multicurrency travel card using the Yes Pay app or Self Care Web Portal. Monitor transactions, reloads, and set transaction limits and alerts.
  5. Refund of Unused Balance: Any unused foreign currency can be refunded to your account. The card also automatically switches to the next default currency when the local currency is exhausted. Validity is between 3-5 years.
  6. Set Transaction Limits: The card has an annual transaction limit of $250,000 or equivalent, applicable for various travel purposes like personal trips, business travel, overseas education, emigration, medical treatment, and employment.

Yes Bank Multicurrency Travel Card Fees and Charges

Explore the fee structure for the Yes Bank Multicurrency Travel Card and discover the financial advantages that come with it.

  1. Card issue cost: ₹125 plus applicable taxes.
  2. Replacement charge abroad: ₹2500 plus taxes.
  3. Reload expense: ₹100 per transaction.
  4. Refund processing cost: ₹75.
  5. Foreign currency transaction fee: 2.75% of the transaction amount.
  6. Cash withdrawal fee: 2% of the withdrawn amount.

Documents Required for Yes Bank Multicurrency Travel Card

To apply for the Yes Bank Multicurrency Travel Card, you will typically need to provide the following documents:

  1. Essential travel document for international trips.
  2. Valid flight reservation or entry permit.
  3. Government-issued tax identification card.
  4. Additional paperwork in line with central bank regulations.
  5. Small-sized personal photo for identification.

How To Apply for Yes Bank Multicurrency Travel Card?

Follow these steps to apply for the Yes Bank Multicurrency Travel Card:

  1. Visit a Yes Bank Branch: Start by locating and visiting your nearest Yes Bank branch to initiate the application process for the Multicurrency Travel Card.
  2. Complete the Application Form: Obtain and fill out the Multicurrency Travel Card (MCTC) application form, providing all the necessary personal and travel details as requested.
  3. Submit Required Documents: Along with the completed application form, submit the necessary documents which typically include a copy of your passport, visa, travel tickets, and any other required KYC (Know Your Customer) information.
  4. Make an Initial Load Payment: Decide on the initial amount you wish to load onto the card in the desired currencies and make the payment using an acceptable method such as cheque, demand draft, or direct debit from your Yes Bank account.
  5. Collect Your Card: Once your application is processed and approved, you will receive your Yes Bank Multicurrency Travel Card. Ensure you receive information on how to activate and use the card, along with understanding the features and limits applicable.

Frequently Asked Questions (FAQs) –

  1. Which currencies can be loaded on Yes Bank Multicurrency Travel Card?
    The card supports various major currencies. The exact list of available currencies can be found on the Yes Bank website or by contacting customer service.
  2. Is there a limit to how much currency I can load on the Yes Bank Multicurrency Travel Card?
    Yes, there are maximum load limits which are subject to change and can be checked on the Yes Bank website or by contacting their customer support.
  3. Can I use Yes Bank Multicurrency Travel Card for online purchases?
    Yes, the card can be used for online transactions in the currency loaded on the card.
  4. How do I check the balance on my Yes Bank Multicurrency Travel Card?
    Balance can be checked through Yes Bank’s online portal, mobile app, or by contacting customer support.
  5. What should I do if my Yes Bank Multicurrency Travel Card is lost or stolen?
    Immediately report the loss to Yes Bank’s 24-hour customer service to block the card and request a replacement.
  6. Can I withdraw cash using Yes Bank Multicurrency Travel Card?
    Yes, you can withdraw cash in the local currency from ATMs abroad that accept Visa/Mastercard, depending on your card’s network.
  7. Is there an expiry date on Yes Bank Multicurrency Travel Card?
    Yes, the card has an expiry date, post which the remaining balance can be transferred to a new card or redeemed as per the terms and conditions.
  8. How do I reload the card while I am abroad?
    You can reload the card through Yes Bank’s online banking portal or by authorizing someone in your home country to reload it on your behalf.
  9. Can I get a supplementary card?
    Yes, Yes Bank offers the option of getting a supplementary card along with the primary card.
  10. How does currency conversion work on Yes Bank Multicurrency Travel Card?
    Currency conversion is done based on the prevailing exchange rates at the time of the transaction.