If you opt out, though, you may still receive generic advertising. If you prefer that we do not use this information, you may opt out of online behavioral advertising. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Relationship-based ads and online behavioral advertising help us do that. Open yours today - watch the video to see how.Įxpand your banking portfolio today with our Discovery Bank Forex Accounts - designed for smart, seamless foreign currency transactions.We strive to provide you with information about products and services you might find interesting and useful. There's no minimum balance, so anyone over 18 years old with a Discovery Bank Transaction Account, Card Account or Suite can add any of our forex accounts to their banking portfolio in minutes. Keep track of your transactions and how much of your foreign currency allowance you've spent with us in the Discovery Bank app.Pay zero fees when moving money between your foreign currency accounts.Add a free virtual card or order a physical debit card to make safe and secure payments and withdrawals anywhere outside South Africa.Then, you can easily accept international payments in British Pounds, Euros, US Dollars or Rands, and make international payments in over 60 other currencies. You can now open a British Pound, Euro or US Dollar account 24/7 on the Discovery Bank app and start transacting immediately. Wherever you may go in the world, Discovery Bank gives you a simple and affordable way to save and pay in a foreign currency. Open our Discovery Bank Forex Accounts today Especially if you take advantage of Discovery Bank's Dynamic Interest Rates and pay up to 6.75% less on your borrowing rate. It's still a good idea to have a credit card as a backup in case of an emergency. Planning on travelling to many countries? A multicurrency forex card lets you pay and transact in many different currencies, making international travel seamless and more affordable. Visit multiple countries with only one card Rather pay in the local currency with your forex card and avoid the trappings of dynamic currency conversion.ĥ. A forex card helps you to avoid dynamic currency conversions, helping you save more. This conversion is known as dynamic currency conversion. But by saving your money in a foreign denominated currency account, you can make the most of currency movements and secure your travel costs.Īlthough you can use a credit card to make point-of-sale purchases in a foreign country using your home currency, it often comes at an uncompetitive exchange rate, making the transaction more expensive for tourists. The South African Rand is especially vulnerable to currency fluctuations. Allowing you to save on bank fees and spend more on travel. With a foreign currency card, you can shop in Euros without worrying about conversion fees.īy contrast, you'll usually have to pay a foreign transaction fee on every purchase you make with a credit card.įorex cards have lower ATM withdrawal charges internationally than credit cards. For example, say you jet off to Paris this summer. Here's whyĪ foreign currency account is designed for smart, seamless foreign currency transactions. The only thing left is to decide forex or credit card? We recommend a foreign currency card. You're fully vaccinated, the world is calling your name, and you saved big on your international flight booking through the Vitality Travel platform (coming soon).
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