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Forex & prepaid travel card comparison

SBI State Bank Foreign Travel Card vs ICICI Bank Multi-Currency Forex Prepaid Card

Compare SBI State Bank Foreign Travel Card and ICICI Bank Multi-Currency Forex Prepaid Card using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.

Forex & prepaid travel card comparison

SBI State Bank Foreign Travel Card vs ICICI Bank Multi-Currency Forex Prepaid Card

Compare the two source-backed records without collapsing unlike conditions into a winner score.

Latest underlying reviewSeptember 10, 2026
State Bank of IndiaSBI State Bank Foreign Travel Card

Travellers who want an SBI prepaid travel balance with up to nine Visa currency wallets, branch/Internet-banking issuance support and YONO/OneView card controls rather than spending directly from a domestic bank account.

Cost / pricing
Current SBI page lists ₹100 + GST issuance, ₹50 + GST per reload, ₹100 + GST refund/cash-out and 3% + GST cross-currency usage. ATM withdrawal is USD 1.75 or equivalent per transaction; foreign ATM-owner charges can still apply.
Reviewed
September 10, 2026
Evidence
2 bank sources
Open product research
ICICI BankICICI Bank Multi-Currency Forex Prepaid Card

Travellers who want a digitally manageable 15-currency prepaid card and need current cross-currency, wallet-transfer and overseas ATM economics stated separately.

Cost / pricing
Same-currency POS/online transaction fee is NIL. ICICI currently publishes 3.5% + GST cross-currency usage and a 2.5% wallet-to-wallet transfer fee. ATM withdrawal fees are currency-specific, e.g. USD 2 / GBP 1.50 / EUR 1.50. Issuance/joining fee varies by current card variant.
Reviewed
September 10, 2026
Evidence
4 bank sources
Open product research
Compare like with likeThese records share the same product type.
Conditions stay attachedBalance, tenure, channel, relationship and effective-date wording stays visible.
No missing-data inferenceMissing wording never means zero cost or unlimited access.
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bankingreference.info · Comparison research sheet

SBI State Bank Foreign Travel Card vs ICICI Bank Multi-Currency Forex Prepaid Card

Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/sbi-state-bank-foreign-travel-card-vs-icici-multicurrency-forex-prepaid-card/

General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.

Decision checkpoints

Answer the questions that can actually change the choice.

Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.

01Do the currency wallets and loading route fit your trip?Check wallet coverage and load/reload conditions for the named prepaid card.

SBI State Bank Foreign Travel Card

Currencies / wallet format
Current SBI page lists Visa Multicurrency SBFTC with 9 wallets: USD, GBP, EUR, JPY, CAD, AUD, SAR, SGD and AED; Visa single-currency is listed in 8 currencies and Mastercard multicurrency in 7. Exact issued variant controls.
Load / reload
Loaded/reloaded in INR and converted to selected foreign-currency wallet(s). SBI publishes branch plus YONO/YONO Lite/Internet Banking reload/management routes. Current reload fee: ₹50 + GST.

ICICI Bank Multi-Currency Forex Prepaid Card

Currencies / wallet format
Current ICICI multi-currency proposition supports 15 wallets: USD, EUR, GBP, AUD, CAD, CHF, JPY, AED, HKD, SGD, THB, SAR, SEK, ZAR and NZD.
Load / reload
Account holders can buy/reload through Internet Banking or iMobile; non-account holders have dedicated digital/branch access. Current non-account-holder page states online reload up to ₹1.5 lakh/day including charges and processing within one working day.
02Which conversion rules apply to the payment currency?Distinguish the loaded rate, cross-currency use and wallet conversion without deriving a combined cost.

SBI State Bank Foreign Travel Card

Exchange rate
The load/reload conversion uses SBI's applicable forex/card rate at the time of conversion. Preloading fixes the acquired wallet balance; a later cross-currency transaction can invoke network conversion plus the published cross-currency fee.
Cross-currency
SBI currently publishes a 3% of transaction amount + GST cross-currency charge when the transaction cannot be settled directly from the matching currency wallet.
Wallet conversion
Multicurrency cards can hold several separate currency balances. When a matching wallet is unavailable/insufficient, applicable card/network conversion rules and cross-currency charges govern; wallet priority depends on the issued variant.

ICICI Bank Multi-Currency Forex Prepaid Card

Exchange rate
Foreign currency is purchased at ICICI's applicable forex/card rate at load/reload. Holding the matching wallet locks that purchased balance; a transaction in another billing currency invokes cross-currency conversion/fees.
Cross-currency
3.5% + GST for transaction types where billing currency differs from the card currency, per current schedule/FAQ.
Wallet conversion
Current schedule publishes a wallet-to-wallet transfer fee of 2.5% of transfer amount, charged from the destination wallet.
03What fees and closure conditions remain?Check service fees and unused-balance refund or closure treatment.

SBI State Bank Foreign Travel Card

Fees
₹100 + GST issuance; ₹50 + GST reload; ₹100 + GST refund/cash-out; ₹100 + GST add-on card (up to 2 where allowed). Transaction-specific ATM/cross-currency charges remain separate.
Refund / closure
Current SBI page lists ₹100 + GST refund/cash-out per request. Refund remains subject to applicable conversion, documentation and card terms.

ICICI Bank Multi-Currency Forex Prepaid Card

Fees
Issuance/joining fee depends on selected forex-card variant. POS/online same-wallet fee is NIL; cross-currency, ATM, wallet conversion, replacement and other service fees remain separately published.
Refund / closure
Remaining forex balance can be refunded back to the eligible bank account/current settlement route. Refund/closure conversion and charges are governed by the current schedule and card terms.
Exact terms

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Banking product terms side by side for SBI State Bank Foreign Travel Card and ICICI Bank Multi-Currency Forex Prepaid Card
Decision factorSBI State Bank Foreign Travel CardICICI Bank Multi-Currency Forex Prepaid Card
Issuance / reload / travel-card costsCurrent SBI page lists ₹100 + GST issuance, ₹50 + GST per reload, ₹100 + GST refund/cash-out and 3% + GST cross-currency usage. ATM withdrawal is USD 1.75 or equivalent per transaction; foreign ATM-owner charges can still apply.Same-currency POS/online transaction fee is NIL. ICICI currently publishes 3.5% + GST cross-currency usage and a 2.5% wallet-to-wallet transfer fee. ATM withdrawal fees are currency-specific, e.g. USD 2 / GBP 1.50 / EUR 1.50. Issuance/joining fee varies by current card variant.
Loaded currency walletsPrepaid foreign-currency balance loaded in INR and converted into the selected card wallet(s). Current Visa multicurrency structure supports up to nine currencies; the card is separate from the customer's ordinary deposit-account balance.Prepaid foreign-currency wallets—up to 15 on the current multi-currency proposition—rather than a direct savings-account debit. Non-ICICI customers can also obtain/manage a card through the dedicated forex-card journey.
Forex-card capabilitiesVisa multicurrency and single-currency variants, international ATM/POS/e-commerce use, SMS/e-mail alerts, YONO/YONO Lite/Internet Banking/OneView management, PIN/limit controls, blocking and reload capability.15 currency wallets, contactless/online/merchant/ATM use, Internet Banking and iMobile management, online reload, PIN/block controls, transaction statements and insurance benefits on eligible variants.
ATM / load / usage limitsCurrent SBI page lists daily card limits of 3 ATM withdrawals / USD 3,000 equivalent, 20 POS transactions / USD 10,000 equivalent and 20 e-commerce transactions / USD 10,000 equivalent, subject to card settings and regulatory/acquirer restrictions.Current ATM schedule publishes currency-specific daily withdrawal ceilings such as USD 2,000, GBP 1,000 and EUR 1,500. Online reload through current digital flows is capped at ₹1.5 lakh/day including charges, while overall forex load remains subject to FEMA limits.
Traveller / KYC eligibilityIndian residents travelling abroad other than Nepal/Bhutan, qualifying corporate employees and students, plus other eligible customers subject to KYC, passport/travel documentation and FEMA purpose rules.Eligible travellers with required PAN/Aadhaar/passport/KYC/travel-purpose documentation. ICICI allows both account holders and non-account holders through current digital/branch processes.
Prepaid card / funding / regulatory relationshipCan be obtained through SBI under the prepaid/forex-card relationship; it is not an SBI debit card and does not draw directly from the linked savings/current-account balance at purchase time.A standalone ICICI Forex Prepaid Card relationship; an ICICI savings account is not mandatory for the non-account-holder route, though digital funding/management methods vary by customer state.
Forex-card detail

Compare wallets, loading and overseas-use economics.

These fields come from each product's type-specific structured research, so service comparisons are not reduced to the same six generic rows.

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Type-specific banking comparison terms for SBI State Bank Foreign Travel Card and ICICI Bank Multi-Currency Forex Prepaid Card
Decision factorSBI State Bank Foreign Travel CardICICI Bank Multi-Currency Forex Prepaid Card
Currencies / wallet formatCurrent SBI page lists Visa Multicurrency SBFTC with 9 wallets: USD, GBP, EUR, JPY, CAD, AUD, SAR, SGD and AED; Visa single-currency is listed in 8 currencies and Mastercard multicurrency in 7. Exact issued variant controls.Current ICICI multi-currency proposition supports 15 wallets: USD, EUR, GBP, AUD, CAD, CHF, JPY, AED, HKD, SGD, THB, SAR, SEK, ZAR and NZD.
Purchase eligibilityIndian residents travelling abroad (excluding Nepal/Bhutan), eligible corporate travellers and students, subject to passport/PAN/travel proof, KYC and FEMA purpose documentation. Internet-banking application still requires branch processing/issuance.Available through Internet Banking/iMobile/branch routes subject to current KYC/travel-purpose requirements. ICICI also maintains a non-savings-account-holder forex-card onboarding route with PAN, Aadhaar and passport requirements.
Load / reloadLoaded/reloaded in INR and converted to selected foreign-currency wallet(s). SBI publishes branch plus YONO/YONO Lite/Internet Banking reload/management routes. Current reload fee: ₹50 + GST.Account holders can buy/reload through Internet Banking or iMobile; non-account holders have dedicated digital/branch access. Current non-account-holder page states online reload up to ₹1.5 lakh/day including charges and processing within one working day.
Exchange rateThe load/reload conversion uses SBI's applicable forex/card rate at the time of conversion. Preloading fixes the acquired wallet balance; a later cross-currency transaction can invoke network conversion plus the published cross-currency fee.Foreign currency is purchased at ICICI's applicable forex/card rate at load/reload. Holding the matching wallet locks that purchased balance; a transaction in another billing currency invokes cross-currency conversion/fees.
ATM cashCurrent SBI page: USD 1.75 or equivalent per ATM withdrawal; daily ATM card limit USD 3,000 equivalent across up to 3 withdrawals. Overseas ATM owner fees/limits can be additional.Currency-specific fees and daily limits. Current schedule includes USD 2 fee / USD 2,000 daily limit; GBP 1.50 / GBP 1,000; EUR 1.50 / EUR 1,500, with separate values for the other supported wallets.
POS / e-commerceCurrent page permits international POS and e-commerce. Daily reference limits are USD 10,000 equivalent for POS and USD 10,000 equivalent for e-commerce, each up to 20 transactions, subject to settings/regulatory updates.Current ICICI FAQ states POS and online transactions in the same currency as the loaded card wallet carry NIL transaction fee. Online usage must be enabled through the supported card-management channel.
Cross-currencySBI currently publishes a 3% of transaction amount + GST cross-currency charge when the transaction cannot be settled directly from the matching currency wallet.3.5% + GST for transaction types where billing currency differs from the card currency, per current schedule/FAQ.
Wallet conversionMulticurrency cards can hold several separate currency balances. When a matching wallet is unavailable/insufficient, applicable card/network conversion rules and cross-currency charges govern; wallet priority depends on the issued variant.Current schedule publishes a wallet-to-wallet transfer fee of 2.5% of transfer amount, charged from the destination wallet.
Fees₹100 + GST issuance; ₹50 + GST reload; ₹100 + GST refund/cash-out; ₹100 + GST add-on card (up to 2 where allowed). Transaction-specific ATM/cross-currency charges remain separate.Issuance/joining fee depends on selected forex-card variant. POS/online same-wallet fee is NIL; cross-currency, ATM, wallet conversion, replacement and other service fees remain separately published.
Refund / closureCurrent SBI page lists ₹100 + GST refund/cash-out per request. Refund remains subject to applicable conversion, documentation and card terms.Remaining forex balance can be refunded back to the eligible bank account/current settlement route. Refund/closure conversion and charges are governed by the current schedule and card terms.
Replacement / emergencyCard can be blocked through OneView/YONO-linked controls and SBI's prepaid support. Add-on/replacement treatment depends on exact variant; do not reuse legacy Mastercard replacement terms for Visa without confirmation.Current schedule lists international lost-card replacement at USD 20. Digital card controls allow blocking/unblocking and PIN management; overseas support uses ICICI's card/customer-care channels.
Wrong-fit risks

Keep each product’s cautions beside the product.

A useful comparison shows what can make either option unsuitable instead of averaging those conditions into a score.

State Bank of India

SBI State Bank Foreign Travel Card

  • Use the loaded transaction currency where possible; SBI currently applies a 3% + GST cross-currency charge when another wallet/network conversion is required.
  • Current SBI material distinguishes Visa multicurrency/single-currency and Mastercard multicurrency variants; currency counts and availability should be matched to the exact card issued.
  • ATM operators can impose their own surcharge or withdrawal limit in addition to SBI's card fee/limit.
ICICI Bank

ICICI Bank Multi-Currency Forex Prepaid Card

  • ICICI's zero/nil POS and online fee applies when transaction currency matches the loaded wallet; cross-currency use is separately charged at 3.5% + GST.
  • Wallet-to-wallet conversion carries a separate 2.5% fee, so it should not be treated as free internal balance movement.
  • Joining/issuance fee is card-variant specific; a zero-joining-fee variant does not establish a universal zero issuance fee for every ICICI forex card.
Research tools

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Independent source state

Verify each product from its own bank evidence.

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First-party source appendix

These are the exact source URLs already attached to the two research records. Re-open the controlling documents before relying on a fee, rate, limit, eligibility rule or benefit.

SBI State Bank Foreign Travel Card

Reviewed September 10, 2026 · 2 attached first-party sources

  1. Issuer product pagehttps://sbi.bank.in/web/personal-banking/state-bank-foreign-travel-card
  2. Issuer product pagehttps://prepaid.sbi.bank.in/

ICICI Bank Multi-Currency Forex Prepaid Card

Reviewed September 10, 2026 · 4 attached first-party sources

  1. Issuer product pagehttps://www.icici.bank.in/personal-banking/cards/forex-cards
  2. Fee / charge schedulehttps://www.icici.bank.in/personal-banking/cards/forex-cards/schedule-of-charges
  3. Issuer product pagehttps://www.icici.bank.in/personal-banking/cards/forex-cards/buy-reload-travel-card
  4. Issuer product pagehttps://www.icici.bank.in/personal-banking/cards/forex-cards/non-icici-account-holders