Ethiopia's official currency is the Ethiopian Birr (ETB), which is not commonly available outside Ethiopia. Procuring Ethiopian Birr in India is challenging as most Indian banks or forex services do not trade it. This limitation often necessitates using widely accepted currencies, such as the Euro or US Dollar (USD), which can be exchanged for ETB upon arrival in Ethiopia.

Forex cards allow you to load Euro and use it seamlessly for payments or withdrawals. They are safer and more convenient than carrying cash, offering a secure way to manage expenses. In this blog, we’ll explore the best Forex cards available for Indian travellers heading to Ethiopia and help you choose the one that suits your needs best.

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What are the best forex cards for Ethiopia in India?

1. AtlysX Global Forex Card

2. HDFC Bank Multicurrency Forex Card

3. SBI Foreign Travel Card

4. ICICI Bank Travel Card

5. Axis Bank Forex Card

6. Niyo Global Card

7. Yes Bank Multicurrency Travel Card

AtlysX Global Forex Card

The AtlysX Global Forex Card is ideal for international travellers seeking affordability and convenience. With no issuance fee, it’s free for all Atlys customers, making it a budget-friendly option. Users enjoy zero markup on their first load, allowing them to add funds at real-time exchange rates with complete transparency. The card’s fully digital process streamlines everything from application to reloading, eliminating the need for paperwork or branch visits. Supporting all currencies, the card lets you load USD and spend in any currency without incurring cross-currency fees, ensuring a seamless travel experience.

• Supported Currency: All currencies (load USD, spend in any currency).

• ATM Withdrawals: USD 3 per transaction.

• Markup Fees: Zero.

• Application Fee: Free (exclusive to Atlys customers).

• Reload Fee: Free.

• Exchange Rates: Real-time and transparent.

• Customer Support: 24/7 live assistance.

HDFC Bank Multicurrency Forex Card

The HDFC Bank Multicurrency Forex Card is an excellent choice for international travellers visiting Ethiopia. The ability to load multiple currencies, including USD, ensures a hassle-free financial experience.

• Currencies Supported: 22 currencies, including USD, EUR, and GBP.

• ATM Withdrawals: Available worldwide; fees vary.

• Daily Limit: Up to USD 5,000 or equivalent.

• Markup Fee: None for loaded currencies.

• Application Fee: ₹500 + GST (waived on initial loads above USD 1,000).

• Reload Fee: ₹75 + GST.

• Customer Support: 24/7 global assistance.

SBI Foreign Travel Card

The SBI Foreign Travel Card is a budget-friendly option that supports major currencies, making it a practical choice for travellers heading to Ethiopia.

• Currencies Supported: 9 currencies, including USD and EUR.

• ATM Withdrawals: Nominal fees for withdrawals at global ATMs.

• Markup Fee: None for preloaded currencies.

• Application Fee: ₹250 + GST.

• Reload Fee: Competitive rates.

• Customer Support: Round-the-clock service.

ICICI Bank Travel Card

ICICI Bank Travel Card provides flexibility and security, making it a reliable option for Ethiopian travel. Its support for USD ensures smooth transactions and easy currency conversion.

• Currencies Supported: 15 currencies, including USD and EUR.

• ATM Withdrawals: Accepted globally.

• Markup Fee: Zero for preloaded currencies.

• Application Fee: ₹300 + GST.

• Reload Fee: Minimal charges.

• Customer Support: 24/7 multilingual assistance.

Axis Bank Forex Card

The Axis Bank Forex Card is a trusted companion for international travel, offering great value for travellers visiting Ethiopia.

• Currencies Supported: 16 currencies, including USD and EUR.

• ATM Withdrawals: Global acceptance with reasonable fees.

• Markup Fee: None for preloaded currencies.

• Application Fee: ₹300 + GST.

• Reload Fee: Competitive pricing.

• Customer Support: 24/7 helpline.

Niyo Global Card

The Niyo Global Card's real-time exchange rates and tech-friendly features stand out, making it ideal for modern travellers.

• Currencies Supported: All currencies are supported via live rates; USD is recommended.

• ATM Withdrawals: No hidden charges.

• Markup Fee: 0%.

• Application Fee: Free.

• Reload Fee: Free through the app.

• Customer Support: 24/7 in-app support.

Yes Bank Multicurrency Travel Card

Yes Bank Multicurrency Travel Card offers great value for travellers visiting Ethiopia, ensuring convenience and security.

• Currencies Supported: 14 currencies, including USD and EUR.

• ATM Withdrawals: Nominal fees at international ATMs.

• Markup Fee: Zero for preloaded currencies.

• Application Fee: ₹500 + GST.

• Reload Fee: Competitive rates.

• Customer Support: 24/7 assistance.

How to Choose the Best Forex Card for Ethiopia?

1. Supported Currencies: Ensure the card supports USD or EUR, easily exchangeable to ETB.

2. Exchange Rates: Look for cards with locked-in rates to avoid fluctuations.

3. Fees: Compare application, reload, and withdrawal fees.

4. Security Features: Opt for cards with fraud protection and 24/7 support.

5. Convenience: Choose cards with easy online account management.

Benefits of Using a Forex Card in Ethiopia

1. Safety: Reduces the risk of carrying large amounts of cash.

2. Cost-Effective: Provides competitive exchange rates and lower transaction fees.

3. Convenience: Simplifies transactions at ATMs, stores, and online platforms.

4. Multi-Currency Support: Useful for travelers visiting multiple countries.

5. Expense Tracking: Enables real-time updates and spending reports.

Conclusion

Forex cards are an indispensable tool for travellers heading to Ethiopia. Cards like the HDFC Bank Multicurrency Forex Card and Niyo Global Card stand out for their flexibility, competitive rates, and robust features. By comparing the offerings of various cards, you can choose one that aligns with your travel needs, ensuring a smooth and stress-free experience in Ethiopia.