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Frequently Asked Questions ![]() the bank of missouri travel cards buy foreign currency cards online Q: Why would a traveler choose this product instead of using a regular ATM/Debit card (to withdraw cash) and/or a credit card (to charge goods) when traveling internationally? A: The convenience and safety of a prepaid Cash PassportTM currency card that is not tied to the traveler's personal bank account and is replaceable has driven steady adoption of this product. In a recent survey of US travelers, 37% cited security as the main benefit of the Cash PassportTM and 32% cited the convenience of access to local currency via ATM withdrawals as needed. The ability to budget traveling expenses by pre-purchasing foreign currency and being able to use the Cash PassportTM card as the cash budget, has been cited by travelers as a valued feature. Buying a Cash PassportTM, the prepaid currency card ahead of time is less expensive than buying currency abroad because both the exchange rate is more favorable than those at bureaus of exchange. By pre-purchasing foreign currency on a Cash PassportTM card, the cardholder can lock in today's exchange rate for future expenditures. Foreign currency cards are becoming more readily accepted than travelers cheques and much safer than traveling with cash.
Q: What exchange rates are used for loading the cards? A: The exchange rate varies based on the currently published rates. In general, the Cash PassportTM card rates are more favorable to the traveler than the rates at the airport or at bureaus of exchange at the destination.
Q: Do the cards only work in the country that uses the currency they are loaded with? A: The Cash PassportTM cards can be used in any country, but there will be a foreign currency transaction fee if the currency on the card is not native to that country.
Q: How does Cash Passport work? A: Cash Passport is a prepaid debit card. The traveler "loads" their spending money onto the card in advance. Then they can use it at millions of ATMs and retailers to access their spending money quickly and safely across the world.
Q: How much should I load on the card? A. Always load more than you think you'll need. Here are some examples of what traveling abroad may cost:
Q: How do I activate the card? A: Call the number on the back of the card (888) 713-3424 or visit www.cashpassport.com
Q: How do I reload the Cash Passport card? A: Call the number on the back of the card (888) 713-3424 or visit www.cashpassport.com
Q: When will my funds be available if I reload through Travelex? A: Funds will be available within 24 hours of loading through the Travelex toll-free number. |
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