ICICI Bank Corporate Forex Prepaid Card

ICICI Bank · prepaid forex card · Open to buy

ICICI Bank's digital forex card for business travel, applied for in the InstaBIZ app: no joining or annual fee, 15 currencies, one free ATM withdrawal a month.

Currencies
15 currencies: USD, GBP, EUR, CAD, AUD, SGD, AED, CHF, JPY, SEK, ZAR, SAR, THB, NZD, HKD
Cross-currency markup
3.5%
Issuance
Nil
ATM withdrawal
USD 2, EUR 1.5, GBP 1.5
Valid for
6 years
Data
From bank documents, checked 6 Nov 2026

Where the sources disagree

  • ATM fee waiver: The InstaBIZ page lists "ATM fee waiver once every month"; the personal banking page of the same card lists no ATM fee waiver. We enter the waiver.

Not in these numbers

  • The exchange rate the card is loaded and refunded at is ICICI's rate on the day; no margin over a market rate is published, so the comparison leaves it out.
  • The card is for business travellers; the page does not say who may hold one (company or individual) beyond PAN and address proof. It names no network and does not say whether the shared 2.5% wallet-to-wallet and 1% uncapped-ATM fees apply.
  • The T&C give every cardholder ICICI Lombard comprehensive travel and air accident cover, and the insurance policy page lists amounts for ICICI Bank Forex Prepaid Card customers; this card's page lists only the lost card cover (up to ₹5 lakh), so the policy amounts are not entered.

Sources

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