Studying abroad is an exciting time for anyone. You get to experience various cultures, broaden your perspectives, and learn independence. In order to fully thrive, you will first need to transition well into your new routines, including banking and making payments.

If you’re looking for an easy way to manage your finances abroad, you may consider the Visa multi-currency cards. A multi-currency card lets you conduct all the usual banking activities like saving, transferring, and spending in several currencies easily. In addition, you will also enjoy various benefits such as accessing real-time exchange rates and earning rewards when you shop.

Read on to find out what benefits Visa multi-currency cards offer.

1. Switch between currencies like time zones

Navigating your finances abroad as a student can get overwhelming. Opening a bank account may require supporting documents like a university acceptance letter, bank statements, proof of address, and more. As this may take some time, it’s necessary to make sure that you have ready access to some foreign currencies beforehand. 

Fortunately, Visa multi-currency cards can help streamline your finances by letting you switch currencies anytime, anywhere. For example, when you’re in the United Kingdom, you could simply switch to GBP (Great Britain Pound) and spend it instantly. If you’re visiting another country while studying abroad, you could do the same without having to visit currency exchange counters.

In addition, Visa multi-currency cards give you access to competitive real-time rates, which means, you can wait for your preferred exchange rate and buy the currencies anytime with 24/7 online banking. Besides, you also stand to enjoy attractive interest rates on selected currencies for respective Visa multi-currency cards.

2. Manage your money easily online

For many who are studying abroad, you’re probably living on your own for the first time. It’s important to learn to be savvy about money, set a budget, and keep to it.

Visa multi-currency cards help you stay on top of your finances conveniently on-the-go via the mobile app. If you’re working part-time while studying, you can keep track of your balance with the mobile app.

On the other hand, you also will be notified instantly after making a payment so you can easily stay on top of your expenses and not overspend. There’s also a lock card and pin set or change feature on the mobile app for your convenience.

3. Spend with no conversion fees

Typically, when you make a purchase with a foreign company using your home currency, you may be charged a conversion fee. Plus, if you don’t have a local bank account, you will also be charged every time you withdraw money. All these additional fees can quickly add up.

Designed for people who travel often, Visa multi-currency cards let you pay using local currencies anywhere in the world without a conversion fee, whether it’s online or for in-store purchases. 

To help you save even more, you could consider paying tuition fees for foreign online courses and educational institutions using Visa multi-currency cards.

4. Make secure payments

Studying abroad is a once-in-a-lifetime experience. You would probably want to make full use of your time overseas, furnishing yourself with knowledge, exploring new places, and building camaraderie with your peers. The last thing you want to do is fuss over your banking needs.

With Visa, you can rest assured that your money is in safe hands. Visa has secure measures such as anti-fraud detection systems to make sure that your information and payment transactions are secure, both online and offline. Visa also provides an additional layer of protection when you shop online to make sure that you’re safe from identity theft.

In addition, your deposit is protected by the Perbadanan Insurans Deposit Malaysia (PIDM) in the event of a member institution failure.

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Studying abroad is a great way for you to get out of your comfort zone, grow, and attain knowledge but also an opportune time to be independent and practise healthy financial habits.

Visa multi-currency cards simplify your finances abroad by letting you switch currencies anytime, anywhere in one account, access real-time rates for more savings, manage your money on the go, and more.

Learn about Visa prepaid and debit cards here.

• TAGS:
• abroad
• currencies
• Debit Cards
• mobile
• Multi-currency Cards
• Perbadanan Insurans Deposit Malaysia
• Prepaid Cards
• Students
• Studying
• Visa