Travelling to Singapore? With the Singapore Dollar (SGD) as the official currency, managing your finances while travelling becomes crucial. Carrying cash can be inconvenient and risky while relying on international credit or debit cards might attract hefty fees. That’s where a Forex card comes to the rescue.

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Forex cards are prepaid travel cards loaded with foreign currencies, allowing you to make transactions seamlessly while avoiding the high markup fees and unfavorable exchange rates associated with traditional cards. In Singapore, a Forex card can make your travel hassle-free by enabling you to swipe for purchases, withdraw cash at ATMs, and manage your expenses without worrying about hidden fees.

Quick Summary: List of the Best Forex Cards for Singapore

• AtlysX Multi-Currency Card 

• HDFC Bank Multi-Currency ForexPlus Card

• Axis Bank Multi-Currency Forex Card

• ICICI Bank Travel Card

• Niyo Global Card

• SBI Multi-Currency Foreign Travel Card

 AtlysX Multi-Currency Card 

The AtlysX Multi-Currency Card is your ultimate travel companion, offering support for 14 currencies and unmatched ease of use. It features no issuance fee, meaning you don’t pay anything upfront, and provides zero markups on your first load. This allows you to load funds at real exchange rates, making it one of the best forex cards for Singapore from India. Additionally, with no base currency fees, you can spend directly in your trip's currency without incurring extra costs. The card can be reloaded instantly using the Atlys app, even while you’re abroad. It is designed for longevity and remains valid for several years, making it perfect for future trips without the hassle of replacements.

• Issuance Fee: Free (For Atlys customers)

• ATM Withdrawal Charges: USD 3 / transaction

• Supported Currencies: The card supports multiple currencies, including SGD, USD, AUD, CAD, Euro, GBP, HKD, JPY, NZD, etc

• Markup Fees: No Fee (on the first load)

• Exchange Rates: Real-time exchange rates

HDFC Bank Multi-Currency ForexPlus Card

The HDFC Multi-Currency ForexPlus Card is a popular choice for international travellers, including those visiting Singapore. It supports multiple currencies, offers competitive exchange rates, and provides excellent customer support.

• Application Fee: ₹500 (approximately $6)

• Reload Fee: ₹75 ($1)

• Transaction Fee: 2% for cash withdrawals

• Exchange Rate: Highly competitive rates compared to cash exchanges or credit cards

• Currencies Supported: Up to 22 currencies, including Singapore Dollar (SGD)

• ATM Withdrawals: Cash withdrawal is possible, subject to a fee. Daily limits depend on the loaded amount.

• Max. Daily Limit: Approximately $10,000 equivalent in local currency

• Markup Fee: 2%–3% for unsupported currencies

Axis Bank Multi-Currency Forex Card

The Axis Bank Multi-Currency Forex Card is known for its seamless usage and strong support system, making it a great choice for travellers headed to Singapore.

• Application Fee: ₹300 ($4)

• Reload Fee: ₹100 ($1.25)

• Markup Fee: 3.5% for unsupported currencies

• Transaction Fee: Approximately ₹200 for each ATM withdrawal

• Exchange Rate: Fixed rates at the time of loading, avoiding mid-trip fluctuations

• Currencies Supported: 16 currencies, including SGD

• ATM Withdrawals: Permitted with charges. Daily limits are generally $500–$2,000 SGD

• Max. Daily Limit: $10,000 equivalent, depending on the cardholder’s preference

ICICI Bank Travel Card

ICICI’s Travel Card is designed for travellers seeking convenience and security. It’s a reliable option for those travelling to Singapore. You can load up to 15 currencies onto a single card, simplifying expense management while travelling internationally. Enjoy competitive exchange rates, helping you save on currency conversions. These cards are available to both ICICI Bank customers and non-customers. To apply, visit the ICICI Bank website or head to the nearest branch with your passport, visa, and travel tickets to get started.

• Markup Fee: 3% on unsupported currencies

• Application Fee: ₹150 ($2)

• Reload Fee: ₹75 ($1)

• Transaction Fee: Nominal fees on cash withdrawals

• Currencies Supported: 15 currencies, including SGD

• ATM Withdrawals: Allowed with a $2–$3 fee per transaction

• Max. Daily Limit: Up to $10,000 equivalent

• Exchange Rate: Competitive fixed rates with minimal fluctuation

Niyo Global Card

The Niyo Global Card provides zero forex markup, enabling you to conduct foreign currency transactions without additional fees, saving up to 5% per transaction. With real-time currency conversion, you can load funds in INR and use the card in over 180 countries and 130+ currencies.

• Issuance Fee: Free

• ATM Withdrawal Charges: The first five withdrawals are free; subsequent withdrawals may incur nominal fees.

• Supported Currencies: 150+ currencies (functions as a global debit card).

• Maximum Daily Limit: ₹5,00,000 or equivalent.

• Markup Fees: None (0%).

• Exchange Rates: Real-time interbank rates with no hidden charges.

SBI Multi-Currency Foreign Travel Card

The State Bank Foreign Travel Card (SBFTC) is a prepaid foreign currency card offered by the State Bank of India (SBI), designed to make international travel convenient and secure. You can reload your card with additional funds in Indian Rupees from any authorised SBI branch in India, personally or through an authorised representative.

• Issuance Fee: ₹100

• Reload Fee: ₹50

• Fee for Additional Card (Linked to the Same Account): ₹100

• Cash Out / Refund Fee (Per Transaction): ₹100

• Supported Currencies for Transactions: USD, GBP, EUR, SGD, AUD, CAD, AED

• ATM Withdrawal Fee: SGD: SG$2.00

• ATM Balance Inquiry Fee: Free

• Merchant Transactions: Free

• Monthly Inactivity Fee (After 12 Months of No Usage): $1.50 USD

• Shortfall Fee (When Funds are Insufficient): $15.00 USD
  

How to Choose the Best Forex Card in India? 

Choosing the best forex card in India involves considering several factors to ensure it meets your travel and financial needs. Here's a guide to help you make an informed decision:

• Assess Travel Needs: Check supported currencies for your destination(s). Opt for reloadable cards if on a long or frequent trip.

• Compare Features: Look for multi-currency support, exchange rate lock-in, and online reload options.

• Fees and Charges: Compare issuance, reload, ATM withdrawal, and currency conversion fees.

• Benefits: Travel insurance, cashback, rewards, and lounge access are valuable perks.

• Convenience & Support: Choose cards with 24/7 support and easy online management.

• Security: Ensure chip & PIN protection and emergency card replacement.

• Reputable Issuers: Popular options include HDFC, SBI, ICICI, and Axis Bank.

• Compare Offers: Check for seasonal promotions or fee waivers.

What are the Benefits of Using a Forex Card in Singapore?

• Cost Efficiency: Avoid high currency conversion fees and unfavorable exchange rates.

• Convenience: Seamless swiping and ATM withdrawals across Singapore.

• Security: Safer than carrying large amounts of cash.

• Budget Control: Preloaded funds help manage spending effectively.

• Global Support: Assistance for lost cards or issues during travel.

Additional Forex Tips While Traveling to Singapore

• Load SGD Before Travel: This avoids additional currency conversion fees upon arrival.

• Use ATMs Wisely: Withdraw larger sums to minimise per-transaction fees.

• Track Expenses: Use your Forex card app to monitor spending.

• Carry a Backup: Always have an extra payment method for emergencies.

• Check Local Acceptance: Ensure your card is widely accepted in Singapore.

Conclusion

A Forex card is an essential travel companion for a hassle-free trip to Singapore. With competitive exchange rates, low fees, and global support, these cards offer a seamless way to manage your finances abroad. Choosing the right Forex card allows you to enjoy the Lion City without worrying about financial hiccups. Compare the options above to find the card that best suits your travel needs and make your trip memorable and stress-free. Safe travels!