One crucial aspect to consider when planning a trip to Taiwan is managing your finances efficiently. Taiwan uses the New Taiwan Dollar (TWD), denoted by the symbol NT$. While the TWD is the standard currency for all transactions in Taiwan, it is less globally recognised or easily available than major currencies like the US Dollar (USD), Euro, or Pound Sterling. This can make obtaining and carrying TWD in your home country somewhat challenging. 

Because the New Taiwan Dollar is not widely available in many countries, a practical alternative is to carry US Dollars (USD), which can be readily exchanged for TWD at banks and authorised currency exchange counters in Taiwan. 

A Forex card can be a great option for convenience, security, and competitive exchange rates. Forex cards allow you to load a specific amount in a chosen currency, such as USD, and make transactions or withdraw cash in local currency (TWD) at ATMs in Taiwan. Now, let’s explore the best forex card for Taiwan from India. 

Are you worried about your Taiwan e-visa? Choose Atlys and enjoy a hassle-free, seamless process!

What are the best Forex cards for Taiwan?

Here’s a concise list of the best Forex cards to ensure your trip to Taiwan is hassle-free and cost-effective:

• AtlysX Multi-Currency Card

• Niyo Global Forex Card

• BookMyForex Multi-Currency Forex Card

• HDFC Bank ForexPlus Card

• Axis Bank Multi-Currency Forex Card

• Thomas Cook Borderless Prepaid Forex Card
  

1. AtlysX Multi-Currency Card

The AtlysX Multi-Currency Card is the best choice for Indians planning to visit Taiwan, offering unmatched convenience and flexibility with support for 14 currencies. This card stands out due to its no issuance fee, so you pay nothing upfront. Additionally, it provides zero markups on the first load, allowing you to load funds at real exchange rates, making it one of the best Forex cards for international travel, including destinations like Taiwan.

As India’s first digital-first Forex card, the AtlysX eliminates tiresome paperwork and branch visits, ensuring users' smooth and seamless experience.

• Issuance Fee: Free (exclusive for Atlys customers)

• ATM Withdrawal Charges: USD 3 per transaction

• Supported Currencies: Includes USD, AUD, CAD, EUR, GBP, HKD, JPY, NZD, and more

• Markup Fees: Zero fees on the first load

• Exchange Rates: Real-time, transparent exchange rates
  

2. Niyo Global Card

The Niyo Global Card is a cost-effective travel card for international travellers. It offers seamless transactions in over 130 currencies across 180+ countries, including TWD. The Card seamlessly combines the features of Forex and debit cards, providing a cost-effective and secure solution. With zero forex markup, real-time exchange rates, and additional benefits, it is a preferred choice for those seeking a hassle-free travel experience.

• Issuance Fee: Free

• ATM Withdrawal Charges: International ATM withdrawals are subject to a fee of ₹110 plus GST per transaction.

• Reload Fee: No charges 

• Inactivity Fee: No penalties for inactivity

• Replacement Card Fee: ₹250 within India; ₹3,000 outside India

• Maximum Daily Limit: Up to ₹7,50,000 per transaction for card swipes and online transactions

• ATM Withdrawal Limit: ₹1,00,000 per transaction; ₹1,00,000 per day

• Order Physical Card: Load a minimum of ₹5,000 to order your physical card, which will be delivered within 3-5 days

 3. BookMyForex Multi-Currency Forex Card 

The BookMyForex Multi-Currency Forex Card is a cost-effective solution for international travellers. It enables seamless transactions across over 150 countries. You can load up to 14 currencies onto a single card, ensuring flexibility and convenience during travel.

• Zero Issuance Fee: No charges 

• Zero Reload Fee: Add funds without any additional costs

• Supported Currencies: USD, GBP, EUR, CAD, AUD, SGD etc.

• Zero Refund Fee: Process refunds without incurring fees

• Cross-Currency Fee: 3.5% of the transaction value when transacting in a currency not loaded on the card

• Inactivity Fee: No penalties for periods of inactivity

• Cash Disbursement Fee: 2% of the transaction amount for cash withdrawals

• Replacement Card Fee: ₹250 within India; ₹3,000 outside India

4. HDFC Bank Multicurrency Forex Card

The HDFC Bank Multicurrency Forex Card is a dependable, user-friendly solution for international travellers. It enables hassle-free transactions across various countries and can load 22 currencies, including USD. It’s perfect for multi-destination trips.

• Issuance Fee: ₹500 (One-time charge)

• Reload Fee: ₹75 per reload

• Supported Currencies:  USD, EUR, GBP, AUD, CAD, JPY, AED, and more

• ATM Withdrawal Charges: USD 2 per transaction (charges may vary based on currency and location)

• Cross-Currency Markup: 3.5% for transactions in currencies not loaded on the card

5. Axis Bank Multi-Currency Forex Card

The Axis Bank Multi-Currency Forex Card is a reliable and secure travel partner tailored for Indians visiting multiple international destinations. The flexibility to load up to 16 currencies ensures seamless spending across countries. The card is widely accepted at Visa/Mastercard-enabled merchant outlets, ATMs, and online platforms worldwide.

• Issuance Fee: ₹300 + GST

• Supported Currencies: USD, EUR, GBP, AUD, CAD, SGD, AED, CHF, JPY, and more

• Reload Fee: ₹100 + GST per reload

• ATM Withdrawal Charges: USD 2.25 per transaction (varies by currency and location)

• Balance Inquiry Charges: USD 0.50 per inquiry

• Cross-Currency Markup: 3.5% for transactions in currencies not loaded on the card

6. Thomas Cook Borderless Prepaid Forex Card

The Thomas Cook Borderless Prepaid Multi-Currency Card is a versatile and secure travel companion for individuals travelling to multiple international destinations. It allows you to load up to nine currencies, facilitating seamless international transactions. The card is accepted at over 35.2 million merchant establishments and 1.9 million MasterCard ATMs worldwide, eliminating the need to search for currency exchange services during travel. You can easily reload it through Thomas Cook’s online platform or by visiting a branch, ensuring sufficient funds throughout your trip.

• Issuance Fee: ₹150 + GST (one-time fee)

• Reload Fee: ₹100 per reload

• Supported Currencies: USD, EUR, GBP, AUD, CAD, SGD, AED, CHF, JPY, and more

• ATM Withdrawal Fee: USD 2 per transaction (varies based on currency and location)

• Cross-Currency Markup: 3.5% for transactions not matching the loaded currencies

How do you choose the best Forex card in India for Taiwan?

Selecting the best Forex card for Taiwan involves assessing currency support, fees, ease of use, and additional benefits. Here’s a guide to help you make an informed choice:

Key Factors to Consider:

1. Currency Compatibility: Since Taiwan uses the New Taiwan Dollar (TWD), choose a card that supports loading USD, which can be easily converted to TWD locally. Cards like the AtlysX Multi-Currency Card and Niyo Global Card are good options for loading USD.

2. Fees and Charges: Compare issuance fees, ATM withdrawal fees, reload fees, and cross-currency markup charges. Opt for cards with zero or low issuance fees like the AtlysX Multi-Currency Card or BookMyForex Card.

3. Global Acceptance: Ensure the card is widely accepted at merchant outlets, online platforms, and ATMs. Look for Visa/MasterCard-enabled Forex cards like the Axis Bank Multi-Currency Forex Card.

4. Reload Convenience: Choose a card with an easy online reload option for uninterrupted usage during travel.

5. Security and Additional Benefits: Select a card with advanced security features like chip and PIN, zero liability for unauthorised transactions, and emergency assistance.

What are the benefits of using a Forex card in Taiwan?

Using a Forex card for your trip to Taiwan comes with multiple advantages:

1. Convenient Transactions: Forex cards eliminate the need to carry large amounts of cash, enabling seamless payments at merchant outlets and online platforms.

2. Competitive Exchange Rates: Forex cards often provide better exchange rates than cash or credit cards, saving you money on conversions.

3. Wide Acceptance: Cards like the Thomas Cook Borderless Prepaid Card and HDFC Bank Multicurrency Forex Card are widely accepted across ATMs and merchant locations in Taiwan.

4. Enhanced Security: EMV chip protection ensures secure transactions, while PIN authentication reduces the risk of fraud.

5. Control and Flexibility: Users can track expenses, reload funds, and check balances online, giving them full control over their spending.

6. Zero Cross-Currency Markup: Some cards, like the AtlysX Multi-Currency Card, offer zero markup fees, a great advantage for multi-currency users.

Conclusion

A Forex card is a convenient, secure, and cost-effective way to manage your finances while travelling to Taiwan. By considering factors such as currency support, fees, and security features, you can choose the best Forex card tailored to your needs. Cards like the AtlysX Multi-Currency Card and Niyo Global Card offer excellent benefits for hassle-free travel to Taiwan. Make an informed decision and enjoy a seamless financial experience on your trip.