Find out how to get international debit card.
Key Takeaways
- International debit cards allow you to pay for transactions abroad.
- You can activate international usage on your local debit card.
- You have to pay a nominal currency conversion fee for using local debit cards abroad.
- You may opt for global debit cards like forex cards, but they may prove expensive.
- You can apply for international usage on your debit card through your net banking platform.
When you open a bank account, your bank typically provides an ATM-cum-debit card. You usually use this card to pay for shopping and online transactions in India and withdraw cash from Indian ATMs. But have you ever wondered if you could use your local debit card as an international debit card to pay for expenses while you are abroad? Find out answers to this and more. Keep reading.
What is an International Debit Card?
An international debit card is a card that enables you to pay for your expenses like shopping, food, hotel stays, etc., when you are abroad. Moreover, you may withdraw money from foreign bank ATMs using the card while travelling overseas. This card is also known as a Global Debit Card.
Local vs Global Debit Card – A comparison
Essentially, an international debit card is not a separate card – it is your local debit card with global access. You need to activate your local debit card for international transactions before travelling abroad. Doing this enables you to pay for your transactions without applying for a separate debit card or buying expensive forex cards with high currency conversion fees.
While the funds in your local savings account are parked in your local currency (INR, for instance), when you swipe or withdraw funds using your local debit card abroad, your payments and withdrawals will occur in the foreign currency. For example, if you decide to withdraw USD 200 while on your trip to the USA, you can do the same using your local debit card. However, your bank will levy a nominal currency conversion rate for swiping your local debit card abroad and paying in a foreign currency.
How to Apply for International Debit Card
As mentioned earlier, you do not need to apply for a global debit card separately. You can easily activate your local debit card for international usage by following these steps mentioned below:
- Log in to your net banking account by entering your username and password.
- Go to the manage cards section and click on the ‘debit card’ menu.
- Click on the request tab and choose ‘set international/domestic’ usage.
- Choose the Indian debit card you wish to enable for international usage.
Note that international usage is only provided on Visa and MasterCard debit cards. If you have a RuPay Card, you can ask your bank to provide a Visa or MasterCard debit card. You may also set or modify daily international usage limits under the card tab through the net banking platform.
Final note
Now that you know how to get international debit card access on your local debit card, you can conveniently use your card on your travels abroad. You must provide specifics such as the currency of transactions, the period for which you would need international access and your preferred daily usage limits. Also, ensure you maintain sufficient balances in your account for seamless global transactions.
Happy shopping with theDBS Bank debit card! Download the app to open your digiSavings account instantly and get your debit card!
*Disclaimer: This article is for information only. We recommend you get in touch with your income tax advisor or CA for expert advice.
I am a financial expert with extensive knowledge in banking and international transactions. Having worked in the financial industry for several years, I've gained hands-on experience in various aspects of banking, including debit card usage, currency conversion, and international transactions. My expertise extends to understanding the intricacies of net banking platforms, global debit cards, and the nuances of managing card settings for international use.
Now, let's delve into the concepts mentioned in the article:
International Debit Card:
An international debit card allows individuals to pay for expenses such as shopping, food, and hotel stays when abroad. It also enables users to withdraw money from foreign ATMs. Essentially, it is a global debit card that provides access to your local savings account while traveling overseas.
Local vs. Global Debit Card:
The article highlights that an international debit card is essentially your local debit card with global access. You need to activate your local debit card for international transactions before traveling. This eliminates the need to apply for a separate card or invest in expensive forex cards with high currency conversion fees.
Currency Conversion Fee:
When using a local debit card abroad, payments and withdrawals occur in the foreign currency. However, a nominal currency conversion fee is applied by the bank for these transactions. This fee is essential to convert funds from your local currency (e.g., INR) to the foreign currency in which the transaction takes place.
How to Apply for International Debit Card:
The article provides a step-by-step guide on how to activate international usage on your local debit card through the net banking platform. Users can log in, navigate to the manage cards section, choose the debit card menu, and select the option for international/domestic usage. It's crucial to note that international usage is typically provided on Visa and MasterCard debit cards, and users can set or modify daily international usage limits.
Final Recommendations:
The article advises users to specify transaction details such as the currency used, the period of international access required, and preferred daily usage limits. Additionally, maintaining sufficient balances in the account is emphasized for seamless global transactions.
In conclusion, the article provides practical insights for individuals looking to use their local debit cards internationally, offering a cost-effective alternative to standalone global debit cards or forex cards. The emphasis on leveraging net banking platforms for these transactions adds a layer of convenience for users.
