How it Works
Welcome to the Multi-currency Cash Passport Prepaid Mastercard, the chip and PIN protected prepaid travel money card. Load two Currencies# onto one easy-to-use Card.
- You can use the Card to pay for goods and services in shops, restaurants, hotels and online, or to withdraw Local Currency from ATMs##– anywhere you see the Mastercard Acceptance Mark.
- Load it with US Dollars and Euros# in whatever combination suits you.
And with chip and PIN protection and Global Assistance for peace of mind – your Multi-currency Cash Passport Prepaid Mastercard may be the only travel money card you’ll ever need.
Here's how it works...
It's a prepaid travel card, which means that you get the Card and load funds onto it before you travel. Just return to any participating branch of the bank you purchased from in Malawi and they can reload it for you. You will be asked to present your Multi-currency Cash Passport, a form of payment and a valid photo ID. The Card can be used worldwide to get money from ATMs and to buy things wherever you see the Mastercard® Acceptance Mark.
# The Currencies on the Card may vary from time to time and are subject to availability.
## There may be some countries where usage of the Card is prohibited. A list of prohibited countries can be found here.
..and this is what makes it smart
Your Card can carry two Currencies every time you travel and it always knows which Currency to use wherever you are in the world. Load it with US Dollars and Euros, and keep it topped up with the relevant Currency for your travel destination. If you don’t have the local Currency, or enough of the local Currency on your Card then it can go to the other Currency on your Card, in the order described above, to see if it can cover the bill. Please bear in mind that you will be charged a (FX) foreign exchange fee, should this occur. Please see the Fees and Limits table for more information.
IMPORTANT INFORMATION ABOUT FOREIGN CURRENCY TRANSACTIONS
If an ATM withdrawal or point of sale transaction is made in a currency which is different to any of the available Currencies on the Card, or exceeds the relevant available Currency balance on the Card, the amount will be funded by converting the transaction amount into the next available Currency balance on the Card, in the following order of priority: USD, EUR.
The foreign exchange rate used is the rate determined by Mastercard to be the wholesale rate in effect on the day the transaction is processed by Mastercard, plus the FX fee. Please refer to clause 8 of the terms and conditions for full details of foreign currency transactions.
For example, suppose a purchase is made using your Card overseas for US$150, and you have the following Currency balances: US$50, and EU€300, the following application of funds will take place:
|Currency balance before transaction||FX Rate excl. FX fee||FX Rate incl. FX fee of 6%||Total amount debited from Card Fund||Currency balance after transaction||Running purchase balance|
|EU€300.00||US$1:0.7280 EU€||US$1:0.7716 EU€||EU€77.16||EU€222.84||US$0.00|
Important information about moving funds between Currencies
If you transfer funds from one Currency to another Currency, or where we do so in accordance with the terms and conditions, a Currency transfer fee+ applies.
+A foreign exchange rate will apply if transferring funds to another Currency. The Currency exchange rate is selected from the range of rates available in wholesale currency markets (which vary each day), together with a margin.
Other Important Information
Please read the following information about your Multi-currency Cash Passport carefully:
Your Multi-currency Cash Passport does not generate any interest or any other similar return. You do not earn interest on the amount standing to the credit of the Multi-currency Cash Passport funds, accessed by the Card.
Multi-currency Cash Passport Prepaid Mastercard makes it easy to explore the world...
Multi-currency Cash Passport Prepaid Mastercard offers you two Currencies on one Card. You can use the Card at 2.1 million ATMs and 34.5 million merchants worldwide, displaying the Mastercard Acceptance Mark.
..and it helps keep your travel money safe
Using Multi-currency Cash Passport Prepaid Mastercard is a safe and smart way to carry your travel money.
If cash is lost or stolen, it's gone for good. However, you don't have that worry with cash loaded onto your Multi-currency Cash Passport Prepaid Mastercard. A lost or stolen Card can be replaced in branch or you can receive emergency cash up to the available balance on your Card, often within a matter of hours, depending on your location and availability of our money transfer network.
Plus, the Card is chip and PIN protected, with no links to your bank account, to help keep your personal information safe from fraudsters.
You can manage your money online...
Log in to 'My Account' and check your balance(s) and view your recent transactions.
…and spend it online too
As long as the online merchant accepts Mastercard, you can use your Multi-currency Cash Passport Prepaid Mastercard to shop online (within the limits and restrictions of the Card). You may be asked to provide the security code that’s printed on the signature strip on the back of your Card. You cannot use your Multi-currency Cash Passport Prepaid Mastercard for accessing or purchasing goods from adult or gambling locations or internet sites.
And, you'll have lots of helpful people to support you
Our call centre is based in the UK, filled with helpful people and open 24/7, 365 days a year.
Chip and PIN protected and with Global Assistance for peace of mind - your Multi-currency Cash Passport Prepaid Mastercard is the only travel money card you'll ever need.
Look forward to a whole new world of great benefits:
- Chip and PIN protected
- Not linked to your bank account
- 24/7 Global Assistance
- Additional Card available as a backup
- Free replacement of lost or stolen Cards
- Avoid currency fluctuations by loading funds in advance
- Load your Card as many times as you like##
- Reload at any participating branch of the bank you purchased from in Malawi
## Until Card expiry and subject to reload limits (see Table of Fees and Limits).
- Withdraw local currency at over 2.1 million ATMs worldwide1*, displaying the Mastercard Acceptance Mark
- Accepted at over 34.5 million Mastercard merchants worldwide1, with no transaction fee*
- Move funds between Currencies, via My Account
- Cash out your Card and keep it for your next trip**