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Forex Card Charges & Fees
Schedule of Charges, Dynamic Currency Conversion and Terms & Conditions
Schedule of Charges:
Transaction fee: Point of Sale (POS)/Online – NIL.
Cross currency fee: 3.5% + GST (applicable for all transaction types)
Cross currency transaction: A transaction when billing currency is different from the currency on card.
Wallet to wallet transfer fee: 2.5% of transfer amount (from the destination wallet)
Cash Advance/Cash@POS transactions fee: 0.5% of transaction amount.
It is a facility through which ICICI Bank Forex Prepaid Card holders can withdraw cash by swiping their Card at merchant outlets.
Lost card replacement fee: International location – USD 20.00, Indian location – USD 3.00.
Fee for uncapped ATM withdrawals: 1% of withdrawal amount.
The charges are subject to change at the Bank’s discretion and as per FEMA guidelines.
All fees and charges mentioned below are exclusive of taxes.
Goods and Services Tax - 18% with effect from Mar 1, 2020.
Sr. No. |
Currency |
Daily limit for ATM cash withdrawal# |
ATM cash withdrawal fee* |
ATM balance enquiry fee |
1 |
US Dollar |
USD 2,000 |
USD 2.00 |
USD 0.50 |
2 |
Pound Sterling |
GBP 1,000 |
GBP 1.50 |
GBP 0.50 |
3 |
Euro |
EUR 1,500 |
EUR 1.50 |
EUR 0.50 |
4 |
Canadian Dollar |
CAD 2,000 |
CAD 2.00 |
CAD 0.50 |
5 |
Australian Dollar |
AUD 2,000 |
AUD 2.00 |
AUD 0.50 |
6 |
Singapore Dollar |
SGD 2,500 |
SGD 3.00 |
SGD 1.00 |
7 |
Arab Emirates Dirham |
AED 2,000 |
AED 7.00 |
AED 2.00 |
8 |
Swiss Franc |
CHF 2,000 |
CHF 2.50 |
CHF 0.50 |
9 |
Japanese Yen |
JPY 2,00,000 |
JPY 250 |
JPY 60 |
10 |
Swedish Krona |
SEK 15,000 |
SEK 15.00 |
SEK 4.00 |
11 |
South African Rand |
ZAR 25,000 |
ZAR 25.00 |
ZAR 5.00 |
12 |
Saudi Arabian Riyal |
SAR 7,500 |
SAR 7.50 |
SAR 2.00 |
13 |
Thai Baht |
THB 70,000 |
THB 65.00 |
THB 16.00 |
14 |
New Zealand Dollar |
NZD 2,500 |
NZD 2.50 |
NZD 0.60 |
15 |
Hong Kong Dollar |
HKD 15,000 |
HKD 15.00 |
HKD 4.00 |
# The cash withdrawal limit may vary across ATMs present abroad. The transaction limits set by the acquiring bank may be less than the limits set by ICICI Bank.
* Some international banks may charge an additional surcharge for your ATM transactions. Please read the information on ATM screens for charge details.
DCC Transaction:
There may be costs/charges associated with currency conversion levied by the third party on the Dynamic Currency Conversion (‘DCC’) transaction. DCC is permitted in all acceptance environments where the customer can make a currency choice for their payment e.g. Point of Sale (POS), online and ATM. Please apprise yourself and ascertain such costs/charges before providing confirmation for a DCC transaction. ICICI Bank declares that it does not derive any direct or indirect benefit (save and except for charges for currency conversion from billing currency to active wallet currency). As DCC transaction request is initiated by the customer post customer’s confirmation, ICICI Bank disclaims any liability for the refund of any DCC transaction related charges.
Here's how you can make a smart choice and avoid the extra charges:
At the payment counter, the executive will offer you two choices to pay:
To pay in local currency
To pay in home/billing currency.
To save on your DCC charges, choose ‘To pay in local currency’.
If you choose to withdraw cash from an ATM through your Forex Prepaid Card, you will come across these options:
Case 1:
Accept without currency conversion
Accept with currency conversion.
To save on your DCC charges, choose 'Accept without currency conversion’.
Conversion to home/billing currency
Case 2:
Yes
No
To save on your DCC charges, choose 'No'
While both means serve your purpose, you might want to avoid the long ATM queues on your trip. So, swipe directly at merchant outlets and save on the go.
Click below to view the terms and conditions for the ICICI Bank Forex Prepaid Card.
