Need for Letter Request
Forex cards are a convenient way to keep your money safe while traveling abroad. They allow you to make purchases and withdraw cash in local currency without having to exchange your money beforehand. However, when you return home, you may need to credit the remaining balance on your forex card to your savings account or your current account.
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This article will help you through the proper formatting to use when writing a sample letter requesting a forex card balance credit to your desired account.
Sample Letter: Requesting Forex Card Balance Credit
[Your Name]
[Your Address]
[City, Postal Code]
[Email Address]
[Phone Number]
[Date]
[Bank/Financial Institution Name]
[Bank Address]
[City, Postal Code]
Dear Sir/Madam,
I am writing to request that you credit the remaining balance on my forex card to my savings account at your bank.
I recently returned from a trip to [Destination] and have a balance of [Amount] remaining on my forex card.
The account number for my savings account is [Savings Account Number].
Attached is a copy of my forex card statement.
I would appreciate it if you could process this request as soon as possible.
Thank you for your time and attention to this matter.
Sincerely,
[Your Signature]
[Your Typed Name]
FAQs About Crediting Forex Card Balance to Savings Account
Q: Do you have to write a letter to the bank?
A: No, you can call your financial institution and request the forex card balance credit over the phone. But for documentation purposes, writing a formal letter is usually more advisable.
Q: How long does it take to process the request?
A: The processing time will vary depending on your bank. However, most banks will process the request within 3-5 business days.
Q: Will I be charged a fee for crediting my forex card balance?
A: It depends on your bank, but usually, it is free of charge. However, some banks may charge a small fee for the service.
Q: What other documents do I need to submit with my request?
A: Other than your letter of request and a copy of your forex card statement, your bank may ask for a copy of your passport or a government-issued ID for verification.
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Sample Letter For Forex Card Balance Credit To Saving Account
Conclusion
Requesting a forex card balance credit to your savings account is a quick and easy process. By following the tips in this article, you can ensure that your request is processed quickly and without any problems.
