mastercard travellers cheques

Capital One Main Navigation

Learn & Grow
Life Events
Money Management
More Than Money
Privacy & Security
Business Resources

All about traveler’s checks, plus modern alternatives

January 18, 2024 | 1 min video

Getting ready to travel? One thing to think about is how you’ll make purchases while you’re away. Traveler’s checks aren’t as common as they used to be. So you might want to consider modern alternatives that may offer the advantages of traveler’s checks and more.

Read on to learn more about the ins and outs of traveler’s checks. And find out about other options—for example, credit cards, prepaid cards and mobile wallets—that could help make the most of your trip.

Key takeaways

Traveler’s checks are paper documents that can be exchanged for local currency or used to buy goods and services abroad.
Traveler’s checks feature unique serial numbers, making them replaceable if they’re lost or stolen.
Fees may apply when purchasing and exchanging traveler’s checks.
There are modern alternatives to traveler’s checks that you may find more convenient.

Earn 75,000 bonus miles

Redeem your miles for flights, vacation rentals and more. Terms apply.

What is a traveler’s check?

A traveler’s check is a paper document you can use for making purchases when you’re traveling, typically in other countries. It can be used as cash or a regular check.

Traveler’s checks—you may also see them referred to as “cheques”—are generally printed with a unique serial number. This means you may be able to get a refund if your checks are lost or stolen. The checks are usually available in set denominations—$20 and $50, for example.

How do traveler’s checks work?

Traveler’s checks may be accepted at participating merchants like hotels, restaurants and stores. Just keep in mind that there could be fewer participating merchants than there used to be.

When you purchase your checks, you may notice that they have a space for two signatures:

First signature: You might be asked to sign each of your traveler’s checks when you buy them. If not, you may want to sign them as soon as possible.
Second signature: You’ll usually sign your traveler’s checks again when you’re making purchases.

This dual signature method is meant to provide extra security and ensure that only the purchaser is able to use them. The merchant can verify that the second signature matches the first.

How to cash in traveler’s checks

You can use traveler’s checks like cash to pay for goods and services at participating merchants. You’ll typically sign the check in front of the merchant at the time of the purchase.

While traveling, you may also be able to redeem your traveler’s checks for local currency at financial institutions or your hotel.

Potential fees associated with traveler’s checks

It’s possible that certain fees may apply to traveler’s checks. For example, you may need to pay a fee when you purchase them or when you exchange them for currency once you get to your destination. There might also be a fee for depositing unused checks into your bank account.

Where to get traveler’s checks

While traveler’s checks might be harder to find than they used to be, they’re still available. You may be able to purchase them at some banks, credit unions and travel-related service organizations.

Pros and cons of traveler’s checks

Take a look at some of the potential pros and cons of traveler’s checks:

When to use a traveler’s check

You might consider using traveler’s checks in certain situations, including:

When you don’t have a credit or debit card. Some people may prefer to travel using modern payment options like credit and debit cards. But if you don’t have either, you may find traveler’s checks to be an acceptable alternative.
When you can’t access an ATM. If you find yourself in a place that doesn’t have an ATM on every corner, you can instead use your checks at merchants that accept them.
When you want to exchange them for local currency. When you get to where you’re going, you might want to have some local currency on hand. You may be able to exchange your traveler’s checks for currency at certain banks or other financial institutions.

Modern alternatives to traveler’s checks

There are a number of alternatives to traveler’s checks—options you may find faster, easier and more convenient. Here are a few to consider when you’re comparing your choices:

Credit cards

Carrying a credit card may be easier than carrying traveler’s checks. Plus, credit cards can be helpful for making large and online travel purchases like plane tickets and hotel reservations. That’s especially true with travel credit cards , which you could use to earn rewards on travel-related purchases.

Some credit cards may also come with benefits that could be useful while traveling. They might include things like protection from unauthorized charges and the ability to use a mobile app to track your purchases .

Keep in mind that foreign transaction fees may come into play when you use your credit card overseas. While this fee might vary between credit card companies, it could generally be in the range of 1%-3% of your purchase. You may also be charged a currency conversion fee. This fee is often part of a foreign transaction fee.

Some companies don’t charge foreign transaction fees. For example, none of Capital One’s U.S.-issued credit cards charge this fee. View important rates and disclosures .

If you’re traveling with your credit card, your credit card issuer may want to be alerted before you go. That’s because it might flag your purchases as fraudulent if it notices purchases made in an unfamiliar location. Thanks to the added security of its chip cards, Capital One doesn’t require this notification.

See if you’re pre-approved

Check for pre-approval offers with no risk to your credit score.

Debit cards

When you’re traveling, a debit card can be just as easy to carry around as a credit card. And like a credit card, it can help protect against fraud.

The big difference: A credit card lets you “borrow” money for purchases, while a debit card uses the money in your checking account to make purchases.

It may be helpful to carry a debit card when you’re visiting a country that generally favors cash transactions. In that case, you could use your debit card at an ATM to get cash once you’ve reached your destination. And that may be safer than bringing cash with you and exchanging it for local currency once you’ve arrived.

Keep in mind that you could be charged ATM fees when you use a debit card abroad. According to the Consumer Financial Protection Bureau (CFPB), some banks and credit unions don’t charge customers a fee for using their ATMs. But they might charge you if you’re not a customer—and that could be in addition to a fee charged by the operator of the ATM.

Also, be mindful that some banks may charge a foreign transaction fee when you make purchases abroad with a debit card. You may also be charged a currency conversion fee—often, this fee is folded into the foreign transaction fee.

Some banks, though, don’t charge foreign transaction fees. For example, Capital One doesn’t charge this fee for its 360 Checking account .

If you take a debit card on your travels, your bank may ask you to notify it beforehand. That’s because it could notice transactions made in an unfamiliar location and potentially freeze your account. Capital One doesn’t require this notification , thanks to the added security of your chip card.

Prepaid cards

Like credit cards and debit cards, prepaid cards may be easier to carry around than cash. They may also offer some protection against loss, theft or fraud once you register them.

But with a prepaid card, you don’t “borrow” money like you do with a credit card—or use money from your checking account, like with a debit card. Instead, you typically add money to a prepaid card before using it.

According to the CFPB, there are a few ways you can add funds to a prepaid card. For example, you can transfer money from your checking account or load funds at some retailers or financial institutions.

You might be charged one or more fees for using a prepaid card. The CFPB notes that if you get your prepaid card from a retailer, you should find a summary of fees on the card’s packaging. If you get your card from a different provider—online or over the phone, for example—the provider needs to share this information on paper or electronically.

Mobile wallet

You’ll probably have your phone with you when you’re traveling, right? Using a mobile wallet to make purchases is another modern alternative to traveler’s checks.

A mobile wallet is essentially a digital version of your real wallet. Depending on the wallet, you may be able to store things like credit cards, debit cards, prepaid cards, boarding passes, hotel reservations, event tickets and other types of personal data.

Mobile wallets can be convenient, allowing you to make quick and easy payments using your phone or other mobile device when you’re on the go. And they typically use advanced technology that prevents your actual account numbers from being stored in the wallet.

There are lots of mobile wallets to choose from. Researching your options could help you see which will work best while you’re traveling. Keep in mind, some merchants might not take mobile wallet payments.

Traveler’s checks in a nutshell

Traveler’s checks can be a helpful way to pay for things abroad, but there are also more modern options available today, like credit cards, debit cards, prepaid cards and mobile wallets. And with a travel credit card, you could earn rewards on your travel-related purchases.

Ready to upgrade the way you pay before your next trip? Compare Capital One travel credit cards today to find the best option for you, no matter where you’re headed.

Should you send a credit card travel notice?

article | April 25, 2024 | 3 min read

Foreign transaction fees: What you need to know

article | August 10, 2023 | 8 min read

Travellers Cheques

Everything you need to know about travellers cheques and their alternatives., they’re easy to use, they’re safe, they’re accepted worldwide, they don’t expire, so why aren’t people using travellers cheques as much anymore, travel money card, travel insurance, travelex info, join the conversation, customer support.

Compare rates and fees for your money transfers.

Read our range of money transfer and banking guides.

Reviews and comparisons of the best money transfer providers, banks, and apps.

Helpful tools to ensure you get the best rates on money transfers.

A Guide to Travellers Cheques

Once a foreign currency staple, this form of prepaid funds has existed for hundreds of years, designed as a way to allow payment from one person to another across currencies. As the financial services sector continues to shift to online solutions , we look at how, where and why travellers cheques are used, as we discuss the relevance of this form of currency.

What are travellers cheques?

The history of the travellers cheque spans as far back as 1772 when the first of its kind was issued by the London Credit Exchange Company, in the UK. Over the coming centuries the concept became popularised on a global scale, with major banks and financial institutions adopting this form of travel money in the 20th century. American Express became the largest issuer of travellers cheques and continues to offer these services to customers to this day.

A safe and convenient method of payment for anyone travelling to foreign territories, these pre-printed cheques hold a fixed amount which can be used worldwide across a range of currencies. Designed to facilitate payments from one person to another, using different currencies, travellers cheques were initially seen as a more practical way for individuals to carry their spending money.

Travellers cheques had their heyday in the late 20th century, reaching peak popularity in the mid-90s, before alternatives such as credit and debit cards became more widely available and easier to manage financial transactions. It was reported in 2018 that a mere 1.5% of Britons use travellers cheques, a rapid decrease over the course of two decades.

How do you use travellers cheques?

When you first receive your travellers cheques, you will be required to sign each one before use, as a way of verifying your signature. Each cheque will have a fixed value (usually $20, $50, $100, $500 etc.) as well as a unique serial number which can typically be found in the top right corner.

It is important to take note of these serial numbers as they will be referenced in any case of lost or stolen cheques. Unlike cash, if anything happens to your travellers cheques, the original vendor will be able to issue a refund for the exact same value. This added level of security is why this payment method was seen as revolutionary when first introduced.

As well as signing upon receipt, you will also need to sign each travellers cheque when used by a retailer or exchanged for cash. The act of signing your name as a form of security is somewhat outdated, given the modern technologies in place nowadays.

When accepted by retailers, a travellers cheque will be treated like local currency, which means you should receive any change in the standard, local currency.

Where can I get travellers cheques?

Due to dwindling demand, travellers cheques are not as readily available as they once were. However, they can still be acquired from some banks and financial institutions, post offices and currency exchange offices, like Travelex.

One thing to note is you may be required to settle the handling, commission or cash-in fees that often accompany travellers cheques, and these can be expensive, amounting to 2 - 3% in some cases. This cost is another reason they are no longer as frequently used.

Where can I use travellers cheques?

Generally, travellers cheques are still accepted all over the world, albeit harder to find vendors selling them and retailers accepting them as legal tender. Consider your destination before deciding on this form of travel money: if you are travelling to major cities there is more chance of you finding somewhere to cash your cheques or use them for in-store purchases. However, more remote destinations may not be equipped or able to accept this type of funds.

How safe are travellers cheques?

The original blueprint for travellers cheques was a paper payment method which could be used as foreign currency but was more secure than handling cash. At the height of its popularity, travellers cheques were generally considered much safer than cash due to the added security of their unique serial numbers, meaning customers could cancel and replace cheques if need be. These numerical codes were a money-back guarantee for anyone whose cheques were misplaced, destroyed or stolen. Another added benefit, if your travellers cheques are intercepted, you will not be vulnerable to bank fraud, as they are in no way connected to your bank account, unlike credit or debit cards.

Financial security measures have evolved greatly since the inception of travellers cheques, however, with the introduction of PIN codes, two-factor authentication, fingerprint touch ID and facial recognition, to name a few forms of fintech security commonly available now. With this in mind, the concept of a travellers cheque no longer measures up in terms of fraud protection and data encryption.

Travellers cheque vs. Cashiers cheque: What is the difference?

In terms of appearance, a travellers cheque looks nearly identical to a standard issue cashier's cheque: but are they similar in any other ways?

A cashiers cheque is issued by a bank or financial institution and is designed to be processed quickly, by the individual whose name is printed on the cheque. Conversely, a travellers cheque is for use overseas, is loaded with prepaid foreign currency - usually USD or GBP - and does not have a name or account number printed on it, although it does require a signature. Because travellers cheques do not have any bank details printed on them, they are deemed safer than cashiers cheques in terms of potential for fraudulent use. In addition to this, they are paid for when printed, meaning it is not possible for a travellers cheque to bounce.

What are the alternatives?

Credit or debit cards.

If you are worried about travellers cheques not being widely accepted where you are going, then this form of travel money will offer more flexibility. Using your regular bank cards overseas provides a record of spending and offers maximum convenience, but there are also some frequently flagged concerns. Primarily these concerns focus on the sky-high fees and below-average exchange rates related to using your debit or credit card abroad. This isn’t always the case, however, as many banks and financial institutions offer travel credit cards, tailored to suit the needs of frequent flyers.

Travel money cards

Prepaid travel money cards are the modern equivalent to travellers cheques and have become very popular. This is largely due to the fact that they are totally separate from your regular bank account, allowing users to spend their balance freely without the worry of potential fraud or overspending. Preloaded with funds, travel money cards often help limit additional currency exchange charges. In addition to this, in spite of fluctuating currency rates, these cards let customers lock-in a favourable exchange rate ahead of time.

International bank accounts

If you are headed overseas for a sustained period of time, it could be more convenient and cost-effective to open a bank account in your destination country. You would be subject to the relevant security and eligibility checks but this decision pays off if you are making regular international money transfers or being paid in a different currency by foreign clients . Find out more about this option by reading our guide: How to Open a Bank Account Overseas.

Due to the growing alternative digital payment methods available nowadays, it seems this age-old travel money no longer measures up in terms of accessibility, cost and convenience. When travellers cheques were originally launched, ATM withdrawals were not commonplace for travellers, and digital point of sale systems had not been invented. Nowadays, it is easy to access local currency using an assortment of different payment methods such as debit or credit cards, travel money cards or money transfer apps .

The best option for anyone who is reluctant to use their debit or credit card overseas, would be to use a prepaid travel money card. Prepaid travel money cards are a safer and more widely used alternative to travellers cheques, and customers do not need to seek out a bank to use them, are not required to sign for each transaction and security measures in place are far more advanced. This method enables customers to secure multiple foreign currencies, locking in the optimum exchange rate for your currency pairing ahead of your trip abroad. Use our comparison tool to ensure you receive the most competitive exchange rates for your international money needs.

Contributors

April Summers

Royal Mail strikes are expected in November.

We advise all our customers to order their travel money this month to reduce any inconvenience caused from any upcoming delays or backlogs next month.

Compare Exchange Rates

Currency Converter
Convert British Pounds To Australian Dollars
Convert British Pounds To Euro
Convert British Pounds to Japanese Yen
Convert British Pounds To Turkish Lira
Convert British Pounds To US Dollars
Convert Australian Dollars To British Pounds
Convert Euro To British Pounds
Convert Japanese Yen To British Pounds
Convert Turkish Lira To British Pounds
Convert US Dollars To British Pounds

Found yourself stuck with travellers cheques? Here's how you can exchange your travellers cheques to cash.

JANUARY 2021

Before we start talking about exchanging your travellers cheques into cash, let's start at the beginning.

What exactly is a travellers cheque? According to the Oxford dictionary, it is defined as "a cheque for a fixed amount that may be cashed or used for payments abroad after endorsement by the holder's signature". Traveller's cheques used to be available in several currencies such as US dollars, Canadian dollars, pounds sterling, Japanese yen, Chinese yuan and Euros.

Travel Money

I have British Pounds

1 GBP = Your exchange rate

1 GBP = Real exchange rate

Transfer Type
Low cost transfer - 369.39 GBP fee Send money from your bank account
Advanced transfer - 369.39 GBP fee Send from your GBP account outside the UK

The more you order the lower the fee

I want to buy

These rates are available only when you pay online - rates in branch will differ

Last updated on

Source: compareholidaymoney.com

*We capture the exchange rates being offered by airports and high street providers once a month and calculate what spread they are taking off the live interbank rate. We then compare that to what rates we are offering to calculate the savings you can make if you use us.

*Your potential saving has been calculated using our exchange rate and the most expensive provider's rate in the market at a given point in time.

They were seen as a safer alternative to carrying physical cash around and at one point in time, very popular amongst tourists. Restaurants, bars, shops and most businesses would happily accept them as a travellers cheque could never "bounce". The issuer will unconditionally guarantee payment of the face amount. For reference only, the organization that produces a traveller's cheque is known as the issuer. The bank or financial institution that sells the travellers cheques is the agent of the issuer and the traveller who buys the cheque is the purchaser. The shop or restaurant you go into and use the cheque is known as the merchant.

The most well known issuers of travellers cheques were Thomas Cook, Bank of America and American Express. However, since the 1990s there has been a great decline in their use as cash, pre paid cards, ATMs, multi currency cards and credit cards have taken over when spending money abroad.

Now it is very difficult to use travellers cheques abroad. In fact most businesses will not accept them and they have indeed become an obsolete.

How can I exchange my travellers cheques?

Even though these cheques can no longer be used in shops when you go on your next holiday, they have no expiry date and there are still some ways that you can cash them in but just expect a poor exchange rate when you do exchange them for cash.

1) Your local Post Office

Luckily, you can still walk down your high street and into your local Post office to exchange your travellers cheques into cash. The exchange rate you do this at will probably be poor and there may even be associated fees but this is at least a quick and simple solution. Remember to take your proof of ID with you, this could be your photographic driver's licence or passport.

2) Visit your local bank

A few banks still allow account holders to deposit Travellers Cheques to their personal bank account and so it may be worth checking with your bank first to see if you can exchange your travellers cheques with them directly and they deposit the GBP equivalent directly into your current account. Once again, if you go in person to your local bank branch will be asked to present photographic ID that includes your signature for sign off of these cheques.

3) Go online

It is also worth visiting the issuer's website directly to get guidance on redeeming your travellers cheques.

For example, if your travellers cheque has American Express logo on them, you can click on this link American Express Travelers Cheques. The page provides you with your nearest location to exchange your Travellers cheques in person and also provides an option to redeem them online.

Alternatively, if your travellers cheques are issued by Travelex, Thomas Cook, Mastercard or Interpayment Visa you can use their encashment form found here encashment-form-newv5.pdf (travelex.co.uk)

Generally speaking, exchanging your travellers cheques into cash requires you to print out and complete a form from the issuer. You will be asked to complete the details of the currency denominations of your travellers cheques and also to keep a record of their respective serial numbers. Additionally, since this process is done online and not over the counter in front of a clerk, they will request a copy of your proof of identification which also includes your signature. This can be a photograph drivers license or a passport. For larger amounts they may even request a proof of address - so a recent utility bill or bank statement.

Make sure you have the above at hand when filling these forms out to make things quicker for you

What are the alternatives to taking travellers cheques?

Travel money is a very easy and cheap way to spend money abroad. To find the best exchange rate, simply go online and compare exchange rates and any associated fees that foreign exchange providers are offering.

Some foreign exchange companies may say no commission and no fees on top but may in fact hide their fees within the exchange rate. So, instead of purchasing your travel money at the real exchange rate, you may be offered something away from that rate and this is the spread which incorporates their fees.

Other companies are easier to buy travel money online from as they are transparent. The Currency Club for example, offers their best exchange rates on any currency and additionally gives you access to review the live interbank exchange rate before you confirm your transaction giving you complete transparency. You can then easily compare how much you can save. The company will deliver the travel money directly to your home, fully insured by 1pm using with you selecting the day that suits you best.

Credit cards (pre paid and others)

There has been a significant increase in travellers using their cards abroad. Of course a pre paid currency card helps travellers to budget, as you top up only the amount you wish to spend. Additionally, like travellers cheques they can be a safer option in the event that your card is stolen.

However, the problem arises when you visit a place that does not accept cards. In which case you are at the mercy of taking cash out of ATMs when abroad and this can work out to be very expensive.

Not only may you get charged withdrawal fees each time, but the exchange rate may also be very poor since ATMs are also charging you for the convenience of having cash on tap!

The safest and most sensible solution is to always have some travel money and perhaps one other alternative. This way, it's easier to stick to a budget and it means you will not need to waste your time or money visiting ATMs when abroad.

Buy Traveller Cheques

As an alternative to cash, we offer the best currency exchange rates on travellers cheques. They are safest ways to carry money around. In the event that the travellers cheques are lost or stolen you can report this and receive a replacement immediately.

Make sure you sign each travellers cheque when you receive them from us and keep the serial numbers in a safe place before you travel so you are protected in the event that your cheques are lost or stolen. When you want to make a purchase or exchange them for cash, just sign the travellers cheque in the designated area in the presence of the acceptor, along with your passport (you may be required to show your passport when you decide to use them).

Then you're good to go!

We can buy back your leftover euros so you can always transact at the best GBP to EUR exchange rate with no hidden fees.

Send money abroad in Euro (EUR) at low cost with our best exchange rates

Get your rate on the move.

Download our app to place travel money orders, send funds abroad and get alerts on the go.

Advertiser Disclosure

Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). However, the credit card information that we publish has been written and evaluated by experts who know these products inside out. We only recommend products we either use ourselves or endorse. This site does not include all credit card companies or all available credit card offers that are on the market. See our advertising policy here where we list advertisers that we work with, and how we make money. You can also review our credit card rating methodology .

Traveler’s Checks When Traveling Abroad — Useful or Outdated?

Christy Rodriguez

Travel & Finance Content Contributor

88 Published Articles

Countries Visited: 36 U.S. States Visited: 31

Keri Stooksbury

Editor-in-Chief

33 Published Articles 3134 Edited Articles

Countries Visited: 47 U.S. States Visited: 28

Traveler’s Checks When Traveling Abroad — Useful or Outdated?

What Are Traveler’s Checks?

Where to buy traveler’s checks, how to use traveler’s checks, what to do if traveler’s checks are stolen, 1. no access to credit or debit card, 2. limited access to atms, 3. access good exchange rates , 4. avoid common credit or debit fees, 5. as an added safety measure, 1. limited availability for use, 2. not all banks offer them, 3. potential for additional fees, 4. bulky paperwork, credit card, prepaid card, do your research, tell your bank you are traveling, don’t keep all of your money in 1 place, final thoughts.

We may be compensated when you click on product links, such as credit cards, from one or more of our advertising partners. Terms apply to the offers below. See our Advertising Policy for more about our partners, how we make money, and our rating methodology. Opinions and recommendations are ours alone.

When traveling abroad, you might wonder how to pay for things once you arrive. Should you bring currency on your trip? Which currency should you bring? Can you get money once you arrive? How much cash should you carry at once?

Many of these questions can be answered by using traveler’s checks. Traveler’s checks might seem like an outdated choice, but they can still be useful in certain situations.

In this article, we’ll explain what traveler’s checks are, how they work, and when they might be worth the hassle. We’ll also explore other more common alternatives and give tips for obtaining foreign currency.

Traveler’s checks are documents that can be used like standard paper checks and cash. Travelers purchase them before they leave home to exchange for cash in the local currency when they arrive at their destination.

These checks are printed in varying denominations, and each check is uniquely numbered so that it can be replaced quickly if lost or stolen.

Banks, hotels, and merchants were once very used to accepting traveler’s checks. These places liked traveler’s checks because of the safeguards that were put in place. Basically, as long as the original signature matched the signature made at the time of the purchase, payment is guaranteed — eliminating any “bounced checks.”

Now, with the increased use of credit and debit cards (especially those with no foreign transaction fees ), prepaid cards, and ATMs on every corner, traveler’s checks have become less popular.

You may find it difficult to find banks or hotels that accept them , and if you do, you might be at the mercy of their business hours to cash them in.

How To Buy and Use Traveler’s Checks

You can still buy and use traveler’s checks in the U.S. and other countries.

You can find traveler’s checks offered by companies like American Express and Visa . You can also go to your local AAA office to purchase them.

The best place to purchase traveler’s checks is from your own bank, but unfortunately, many banks no longer offer traveler’s checks, including Chase, Wells Fargo, and Bank of America.

If you’re not sure if your bank offers traveler’s checks, it’s worth contacting them to confirm. If you are a customer, banks typically waive any fees to obtain them and this can add up because other companies can add on a 1% to 3% fee on top of the base currency amount that you request.

In order to obtain a traveler’s check, you will need to:

Either go in person to an eligible bank or visit the website of the traveler’s check issuer.
Select the total amount of currency to purchase.
Submit payment, including any fees.

Once you have the traveler’s checks, you need to know how to use them. Traveler’s checks work a bit differently than other forms of currency. Here are the steps you’ll need to take:

Sign the checks immediately. Follow the issuer’s instructions to find out where to sign (and only sign once).
Leave evidence of your traveler’s check purchase somewhere safe. If checks get lost or stolen, you’ll need to provide proof of purchase along with check numbers to get a refund. Leave those details with a friend or save them online for easy remote access.
Complete the payee and date fields. Once you have confirmed that the payee or bank will accept traveler’s checks, fill out the payee and date fields.
Sign the check again. You must complete this portion in-person to ensure that the signature matches the original. You may also need to show some sort of identification as well. This is key to keeping traveler’s checks secure.
If checks get lost or stolen, contact the issuer immediately. You may be able to get replacement checks locally, and the issuer needs to know which checks to cancel.

Traveler’s checks don’t expire , so if you don’t use them you can either keep them for future use or deposit them into your bank account once you’re home.

If all of your cash is stolen while you’re traveling abroad, you’ll have next to no chance of getting it back.

However, if this happens with your traveler’s checks, you’ll likely get them replaced as long as you’ve complied with your check issuer’s purchase agreement . This is the primary benefit of traveling with traveler’s checks.

Bottom Line: Treat your traveler’s checks like cash. If you lose your checks, you may not get replacements if your check issuer has reason to believe you didn’t safeguard them appropriately.

Here’s what to do if your traveler’s checks are lost or stolen:

Call the customer service phone number provided by your issuer or find it by accessing their website.
Provide proof that the check is yours by submitting the check number, proof of purchase, and your identification. It’s important to have easy access to this information for this reason.
If required by your issuer, provide evidence that you have reported your stolen check to the police.
Be sure to return any other refund paperwork requested.

If you don’t comply, you could experience delays or even have your claim denied. After you’ve reported your missing check, your provider will void it and issue you a new check.

Some issuers even pledge to get replacement checks out to you within 24 hours !

Best Ways To Use Traveler’s Checks

The following are situations when you might consider using traveler’s checks:

If you don’t have a credit card or a debit card tied to your bank account, a traveler’s check could be a safe alternative to simply carrying lots of cash abroad.

This tip also applies if your particular credit or debit card isn’t accepted abroad. This is more likely to happen if your card is something other than a Visa or Mastercard , as those credit cards claim the widest global network.

In many places, you can easily get cash in the local currency at an ATM once you arrive. This wouldn’t be a problem in Europe, for example, but ATMs are rare in some parts of the world. In addition, ATMs can malfunction, networks can be down, and machines might even run out of cash.

Traveler’s checks allow you to get local currency at participating banks, hotels, and other foreign locations without regard for these potential problems.

Buying traveler’s checks can help you avoid bad exchange rates. If you decide to exchange currency once you arrive, you might not get the best conversion rates by doing this at the airport.

By purchasing traveler’s checks before you leave, you can lock in a set amount at the current exchange rate.

Read our guide for the best places to exchange currency .

If your credit or debit card charges a foreign transaction fee , you can be charged a fee every time you make a purchase with your card in a foreign country. If your card also charges ATM fees, these fees can add up quickly.

To avoid these fees, it might make sense to use traveler’s checks. Although there may be a fee involved when you purchase or cash a traveler’s check, it might still be less than other fees your credit or debit card may charge.

Hot Tip: If your card charges a foreign transaction fee, it will typically be 3% of each purchase you make.

If you’re traveling to a potentially unsafe region, traveler’s checks keep your money secure. Even if you’re in a relatively safe place, anyone who enters your room or has access to your bags could search for your money.

The main benefit of traveler’s checks is that they reduce your risk of theft or loss. Since they can’t be cashed without your signature and often require a photo ID, they are less appealing to thieves or pickpockets. They can also be easily replaced if you provide the issuer with the proper information.

Cons of Using Traveler’s Checks

Here are some reasons that might discourage you from using traveler’s checks:

In much of Europe and Asia, traveler’s checks are no longer widely accepted and cannot be easily cashed — even at the banks that issued them.

This means that cashing in traveler’s checks might require hunting down a bank branch or hotel that accepts them during business hours.

Bottom Line: Those relying solely on traveler’s checks may find that they are unable to cash them in many remote or rural locations.

Certain major banks, such as Bank of America, no longer offer traveler’s checks at all. This might mean ordering traveler’s checks online well in advance of your travel plans or having to find a new bank that offers them.

If a company does offer traveler’s checks, it typically charges fees for both buying and cashing in a traveler’s check. While some banks offer them for free if you are a customer, others charge between 1% to 3% of the total purchase amount.

Check the math for your own situation, but using traveler’s checks could actually cost more than using an ATM or credit card abroad.

Not only are traveler’s checks a hassle to carry, but most companies also require that you keep proof of purchase for the checks to verify the check numbers if they are lost or stolen.

Both of these just add up to keeping track of additional paperwork.

Other Alternatives

Obviously, traveler’s checks aren’t your only option when it comes to obtaining foreign currency. Here are some other options you should consider.

Cash is convenient and relatively easy to exchange. You can bring money from home into a foreign bank or currency exchange location almost anywhere in the world. It can be easily exchanged without the worry of multiple bank fees or ATM fees adding up.

Hot Tip: Be aware: if you exchange your money in tourist areas, you might be hit with a bad exchange rate.

On the downside, carrying paper money is a risk since it can’t be replaced if stolen.

A debit card can be used at an ATM to collect cash. While not all ATM machines (especially in more rural places) accept foreign debit cards, you will find that most do.

Depending on your bank, you might even have to pay both an out-of-network ATM and an international ATM fee for this convenience.

Hot Tip: An out-of-network ATM fee is typically between $2 to $3.50 per transaction in 2021 and a typical international ATM fee can range from $2 to $7 per transaction (plus a 3% conversion fee), depending on your bank and card.

Most restaurants and stores accept foreign debit cards, but carrying a form of backup currency is always wise . Additionally, foreign transaction fees can add up quickly if you are using your debit card frequently.

Like debit cards, credit cards are small and easy to carry. Mastercard, Visa, and more recently, American Express , are widely accepted in other countries, so you can rest easy knowing you will be able to complete your purchases. You can also limit fees by getting a credit card with no foreign transaction fees .

A credit card also comes with fraud protection. You can dispute fraudulent charges and get them removed from your account if reported timely.

Hot Tip: While you can use a credit card for ATM transactions, you will be hit with a cash advance fee . It’s best to avoid doing this, if possible.

If you have difficulty getting approved for a credit card , a prepaid card could be a good alternative. You simply load the card with money from your bank account and use it as a debit card at an ATM or as a credit card at merchants and hotels.

While prepaid cards are locked with a PIN number, they can sometimes be difficult to use at ATM machines. Additionally, fees for foreign currency transactions can be as high as 7% , depending on the card.

Hot Tip: Booking hotels, airfare, or activities online will require either a credit card, debit card, or prepaid card.

Money Tips for Traveling Abroad

Know which types of currency are accepted at your destination and how much of each type (if any) you should bring. Especially be aware of any cash you might need on arrival (to obtain a visa , exchange upon arrival, etc.) in case you can’t immediately locate an ATM or a currency exchange office.

Carry a mix of cash, cards, and maybe even traveler’s checks. Ideally, the cards you bring with you shouldn’t have foreign transaction fees or ATM fees . Having some variety also helps if one of your cards isn’t accepted or your cash is lost or stolen.

Always be sure to let your bank and credit card issuers know where you’re going and when so that your card isn’t declined when you try to make a purchase due to unusual activity.

If you exchange money at your bank, you will likely also get a better exchange rate.

Keep some of your currency or an extra card locked in your hotel room’s safe or in a money belt . In the terrible instance that you lose your purse or wallet, you would still have immediate access to additional money.

We’ve shown that traveler’s checks aren’t necessarily the most convenient way to take currency abroad, but depending on if you have limited access to debit or credit cards or they aren’t accepted where you are traveling, it might be worth it to bring some along.

Overall, if you’ve decided that traveler’s checks can be of use to you, taking some, along with some cash and a debit, credit, or prepaid card, may just be the smartest way to travel.

Frequently Asked Questions

Can you still buy traveler's checks.

While many larger banks are no longer offering traveler’s checks, they are still available at American Express and other smaller banks and credit unions. It is worth asking if your bank offers them and at what cost.

How much does it cost to buy traveler's checks?

While some banks offer them for free if you are a customer, others charge between 1% and 3% of the purchase amount.

What is the purpose of a traveler's check?

A traveler’s check offers a safer option than carrying around money. There are multiple safeguards in place to prevent fraud and if the checks are lost or stolen, they can be easily replaced.

Can you cash old traveler's checks?

Traveler’s checks do not expire. You can cash them in at any time — typically even at banks that don’t offer them for sale. This means you can go to your own bank and redeem your traveler’s checks.

To do this, date them, fill out the “Pay To” field (to your bank), and countersign in the presence of the cashier . Any unused value will be returned to you in cash.

Can I buy traveler's checks online?

American Express is the only large bank that offers traveler’s checks online. Its website offers a step-by-step process to order them.

You should check with your local bank or credit union to see if they might also offer this benefit.

Was this page helpful?

About Christy Rodriguez

After having “non-rev” privileges with Southwest Airlines, Christy dove into the world of points and miles so she could continue traveling for free. Her other passion is personal finance, and is a certified CPA.

INSIDERS ONLY: UP PULSE ™

Get the latest travel tips, crucial news, flight & hotel deal alerts...

Plus — expert strategies to maximize your points & miles by joining our (free) newsletter.

We respect your privacy . This site is protected by reCAPTCHA. Google's privacy policy and terms of service apply.

IHG One Rewards Traveler Credit Card — Review [2024]

UP's Bonus Valuation

This bonus value is an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability and how much UP would pay to buy these points.

Search Search Please fill out this field.

What Is a Traveler’s Check?

How It Works
Where to Get Traveler's Checks
Where to Cash Traveler's Checks
Pros and Cons
Alternatives to Traveler's Checks

The Bottom Line

Personal Finance

Traveler's Check: What It Is, How It's Used, Where to Buy

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia.

Investopedia / Eliana Rodgers

A traveler’s check (sometimes spelled "cheque") is a once-popular but now largely outmoded medium of exchange utilized as an alternative to hard currency and intended to aid tourists. The product is typically used by people on vacation in foreign countries. It offers a safe way to travel overseas without the risks associated with losing cash. The issuing party, usually a bank, provides security against lost or stolen checks.

Beginning in the late 1980s, traveler’s checks have increasingly been supplanted by credit cards and prepaid debit cards.

Key Takeaways

Traveler’s checks are a form of payment issued by financial institutions such as American Express.
These paper cheques are generally used by people when traveling to foreign countries.
They are purchased for set amounts and can be used to buy goods or services or be exchanged for cash.
If your traveler's check is lost or stolen it can readily be replaced.
Once widely used, traveler’s checks have largely been supplanted today by prepaid debit cards and credit cards.

How Traveler’s Checks Work

A traveler’s check is for a prepaid fixed amount and operates like cash, so a purchaser can use it to buy goods or services when traveling. A customer can also exchange a traveler’s check for cash. Major financial service institutions issue traveler’s checks, and banks and credit unions sell them, though their ranks have significantly dwindled today.

A traveler’s check is similar to a regular check because it has a unique check number or serial number. When a customer reports a check stolen or lost, the issuing company cancels that check and provides a new one.

They come in several fixed denominations in a variety of currencies, making them a safeguard in countries with fluctuating exchange rates , and they do not have an expiration date. They are not linked to a customer’s bank account or line of credit and do not contain personally identifiable information, therefore eliminating the risk of identity theft. They operate via a dual signature system. You sign them when you purchase them, and then you sign them again when you cash them, which is designed to prevent anyone other than the purchaser from using them.

Many banks, hotels, and retailers used to accept them as cash, although some banks charged fees to cash them. However, with the rising worldwide use of credit cards and prepaid debit cards—such as the Visa TravelMoney card, which offers zero liability for its unauthorized use—it is getting much harder to find institutions that will cash traveler’s checks.

History of Traveler’s Checks

James C. Fargo, the president of the American Express Company, was a wealthy, well-known American who was unable to get checks cashed during a trip to Europe. In 1891, a company employee, Marcellus F. Berry, believed that the solution for taking money overseas required a check with the signature of the bearer and devised a product for it. American Express and Visa still use the British spelling on their products.

Where to Get Traveler's Checks

Companies that still issue traveler's checks today include American Express , Visa , and AAA . They often come with a 1% to 2% purchase fee. AAA now offers members pre-paid international Visa cards instead of paper checks.

In the U.S., they are available primarily from American Express locations. You can also buy traveler's checks online from the American Express website, but you need to be registered with an account. Visa offers traveler's checks at Citibank locations nationwide, as well as at several other banks.

American Express, Visa, and AAA are among the companies that still issue traveler’s checks.

Where to Cash Traveler's Checks

If you want to convert your traveler's checks into cash (instead of spending them directly), you can often deposit them normally at your bank. Many hotel or resort lobbies will also provide this service to guests at no charge. American Express also provides a service to redeem traveler's checks that they issue online to be deposited into your bank account. The redemption application online should take less than 15 minutes to complete.

Advantages and Disadvantages of Traveler's Checks

Traveler's checks are handy for tourists who do not want to risk losing their cash or having it stolen while abroad. Because traveler's checks can be reported lost or stolen and the funds replaced, they provide peace of mind. This was particularly a concern before credit cards and ATMs were widespread and affordable worldwide for most travelers. At the same time, these paper checks are now a bit outdated and come with a fee to purchase, making them potentially more expensive and cumbersome than using plastic or electronic payments.

Replaced if lost or stolen

Widely accepted around the world

Convenient to use

They don't expire

Must have the physical check to use it

Incurs a fee to purchase

Limited number of issuers today

Alternatives to Traveler's Checks

The most obvious alternative is to use a credit or debit card issued by a bank that works worldwide and charges low or no foreign exchange fees on purchases or ATM withdrawals. If your bank doesn't allow for this or charges high fees, then prepaid travel cards are the modern version of traveler’s checks. They allow you to get local currency from ATMs and make purchases with merchants—effectively eliminating the need for traveler’s checks.

Prepaid cards are not linked to your bank account, which prevents anybody from draining your checking account if the card gets lost or stolen—and you can’t go into debt. Credit cards offer similar (or better) protection, but you might not want to use your everyday card abroad. By using a dedicated travel card, you avoid spreading your card numbers around, which means you can be less vigilant about monitoring your accounts when you get back home. Visa and MasterCard both offer prepaid cards designed for use abroad. Those cards are available online, through travel agents, and at banks or credit unions.

Travel cards should feature low ATM fees, technology that lets you operate like a local in foreign countries, emergency cash when you lose the card, and “zero liability” fraud protection. That said, prepaid cards can be expensive, so you need to compare fees against your other cards to decide whether or not a travel card makes sense.

For U.S. citizens living abroad for extended periods, maintaining checking and other bank accounts in the United States provides several advantages, and many checking accounts are friendly for foreign transactions .

Where Do You Buy Traveler's Checks?

You can buy still buy traveler's checks from American Express, Visa, and a handful of other financial institutions. To buy them, visit a location or check the website of an issuing institution. You may need a photo ID in order to set up an account.

How Do You Cash Traveler's Checks?

Many hotels, resorts, and currency traders will cash traveler's checks in exchange for local currency. However, with the rising prevalence of credit and debit cards fewer locations cash traveler's checks.

What Do You Do With Traveler's Checks?

Traveler's checks are a secure way of carrying money while abroad. Many businesses in the tourism industry will cash traveler's checks, and they can also be deposited into a bank account. Because the checks can be easily replaced, they have a lower risk of theft or loss. However, traveler's checks have fallen out of favor due to the increased convenience of credit cards and prepaid debit cards.

Traveler's checks were once a popular way to carry money while vacationing abroad. They are sold in fixed denominations, and can be used for purchases or cashed like an ordinary check. Traveler's checks can be easily replaced, making them less risky than carrying large amounts of cash. However, they have fallen out of favor due to the convenience of using credit or debit cards.

Sparks, Evan. “ Nine Young Bankers Who Changed America: Marcellus Flemming Berry .” ABA Banking Journal, June 26, 2017.

Time Magazine. " Travel (April, 1956): The Host with the Most ."

American Express. " Travelers Cheques ."

Terms of Service
Editorial Policy
Privacy Policy
Your Privacy Choices

Travellers Cheques FAQ

Travellers cheques frequently asked questions, passport and credit/debit card replacement assistance, quick links, about travelex, useful information, customer support, travelex foreign coin services limited.

Accessibility Links

What to do with Thomas Cook traveller’s cheques

I have had some Thomas Cook traveller’s cheques in sterling for many years that I kept for emergency use abroad. Are they of any value?

I also have some other American Express traveller’s cheques. Is there any advantage in keeping them or should I cash them in? Martin Bellman, London

Martin is not the only person who has contacted The Times since the collapse of Thomas Cook to ask if their traveller’s cheques are still worth the paper they are printed on. It seems that the demise of the world’s oldest tour operator jogged quite a few readers’ minds that stuffed in the back of the sock drawer they still have a clutch of these old travel essentials.

I must admit I was slightly surprised by this, naively believing that traveller’s cheques would have been consigned to history. Thomas Cook, a cabinet maker and former Baptist preacher, was a pioneer of the traveller cheque. His story begins in July 1841 when he chartered a train to take Temperance supporters 12 miles from Leicester to a meeting in Loughborough.

In 1855 Cook went international, organising trips to Europe and then North America, and in 1874 launched the “circular note”, the precursor of traveller’s cheques, which could be cashed overseas for local currency. In 1994 Thomas Cook acquired Interpayment Services Limited, a subsidiary of Barclays bank, to become the largest supplier of traveller’s cheques outside the US.

The demise of Thomas Cook travel agency on the high street and in the skies has not killed traveller’s cheques. Travelex, which bought Thomas Cook’s travel money business in 2000, will still accept the cheques, albeit for a 5 per cent fee. I would recommend cashing them in, along with any others you might have knocking about, and treat yourself to a night out.

The hundreds of thousands of customers with advance Thomas Cook bookings that were automatically cancelled on September 23, when the company went into liquidation, and that are Atol protected can begin claiming for full refunds from Monday.

The Civil Aviation Authority has an online form that will go live when the claims process begins. Follow instructions at thomascook.caa.co.uk , under the section headed Customers yet to travel out of the UK.

Beware scammers who are trying to defraud Thomas Cook customers. Go direct to the CAA website and do not engage with third parties that claim they will help with a refund. If you have trouble, call the CAA on 0300 303 2800. If you have a travel question you would like answered email [email protected]

Skip to main content
Skip to site information

Language selection

Help us to improve our website. Take our survey !

Travelling and money

Take steps that will help you avoid financial problems that may ruin your trip. Make sure you purchase travel insurance , and most importantly make sure you always carry a backup source of funds in case of emergency or an unexpected delay.

Check with the embassy or consulate in Canada of the country you are planning to visit to make sure you are allowed to import or export its currency. If you are permitted to import its currency, bring enough cash to get by for a couple of days and keep it in a money belt or in several different pockets in case your wallet is lost or stolen or your financial institution accidently freezes your cards. When you arrive at your destination, you can withdraw more cash from an ATM.

Exchanging your money

The currency exchange rate tells you how much your Canadian money is worth in the local currency. When you exchange your money, you are actually using it to buy or sell foreign currency at a specific price called the exchange rate. You can find the official exchange rate of the currency in the country you will be visiting by using the Bank of Canada’s online currency converter .

It pays to know your options when dealing with foreign exchange rates. There are a number of ways to manage your finances when you are abroad that will save you a lot of money in exchange fees.

If you want cash on hand before you leave Canada, you can buy foreign currency from your financial institution over the phone or online. It can be delivered to your local branch for pick up. Exchange rates at banks are slightly better than elsewhere. You can also order currency before you leave on your trip from a number of websites that will ship it to your home within a couple of days.

Exchange desks

If you need cash in an emergency, there are foreign exchange desks at airports and hotels that will exchange Canadian money for the local currency. Fees tend to be very high. Even those advertising no commissions may have hidden fees, making these desks the most expensive places to change money.

Black market

The currency black market forms part of the underground economy in a number of countries. In a currency black market, transactions are almost always in cash, since its participants don’t want to leave any evidence.

This illegal or parallel market in foreign exchange operates outside legal banking channels. If you are tempted to take advantage of the currency black market you should be aware that you will be breaking the country’s laws and could be arrested and imprisoned . You are subject to the country’s criminal justice system. Consular officials will not arrange your release from prison.

Be aware of anyone approaching you on the street offering to exchange your money for a much better rate than a bank. Typical money exchange scams include stealing your money in the process of counting and recounting a pile of bills or mixing your money with currency from another country with a much lower exchange rate. It is safer to go through an authorized agency or a bank.

Credit cards

Use a major international credit card for your big purchases, such as your airplane tickets, hotel bills and restaurant tabs. If you reserve your hotel and rental car on your credit card, the reservation should be guaranteed even if you arrive late.

Use the credit card instead of cash wherever possible. Credit card issuers typically charge fees for international transactions and you may get the best exchange rate and fees lower than those associated with exchanging cash. However, you should not use your credit card to withdraw money from an ATM, because the fees and interest charges are usually very high.

Before you leave:

Know the expiry dates, account balance and amount of credit available to you on all of your credit cards. Make sure you have enough money in your accounts to cover your trip expenses, plus extra in case of emergency.
Make sure your credit card company and financial institution have your up-to-date contact details, including a cellphone number, and information on where and when you will be travelling so that your account isn’t flagged for unusual activity.
Check with your financial institution before you leave on your trip. Not all major credit cards are accepted everywhere. Merchants in some destinations prefer to be paid in cash because they must pay a fee to the credit card company. There may be a risk that your credit card will be cloned at some destinations, particularly in restaurants.

Debit cards

Always use bank-affiliated ATMs when you are outside Canada. Check if your financial institution has international branches or partners in your destination country where you can use your debit card fee-free. Using your debit card to withdraw money from ATMs will cost you extra in fees, but you can minimize them by withdrawing larger amounts less often.

You should carry some cash to cover daily expenses. Your debit card may not work in every ATM machine or be accepted at stores or restaurants in your destination country. If you are travelling to a rural area, you may not be able to find an ATM that is part of your financial institution’s network, so withdraw enough cash to manage until you are back in a city.

Due to the potential for fraud and other criminal activity, you should use your credit cards and debit cards with caution. Use ATMs during business hours inside a bank, supermarket, or large commercial building.

Pre-paid cards

Some financial institutions offer pre-paid travel cards in foreign currencies. They may have higher fees than credit and debit cards, so check the terms and conditions and costs before you decide to travel with one. You can usually replace a pre-paid travel card as you would a lost or stolen travellers’ cheque.

Be aware that pre-paid cards may not be accepted at some hotels and car rental companies, and may be difficult to use at the ATM machines of foreign banks.

Dynamic Currency Conversion

Some shops, restaurants and ATMs give the option of using the currency of the country you are in or having the transaction converted into Canadian currency. Always choose to be charged in the currency of the country you are in. You will pay high conversion rates and transaction fees if they convert to Canadian currency.

Save your receipts

As you travel, save all ATM and transaction receipts in an envelope. Bring them home in your carry-on bag. Save your airline boarding pass to prove your return date. If you need to dispute a transaction, sending a copy of your receipt will speed up the resolution process.

After you return home, carefully examine your credit and debit card statements and continue to do so for several months. Identity theft and credit card fraud are not confined to Canada. If you notice any unusual charges on your statement, inform your financial institution immediately and request a copy of the receipt.

Travellers’ cheques

Canadian travellers’ cheques are not widely accepted worldwide, but are an option if you don’t want to use credit or debit cards or carry large amounts of cash.

When possible, order the cheques in the local currency and carry multiple cheques in small denominations. If you can’t order cheques in the currency of your destination country, order them in U.S. funds, which are widely accepted. Sign them as soon as you get them and keep the receipt in a separate location. If they are stolen they can be replaced anywhere in the world, usually within 24 hours.

Keep a record of your travellers’ cheque numbers, credit card account numbers and expiry dates and the telephone numbers for reporting lost or stolen cards in a safe place. If possible, leave a copy of the list with a family member or friend at home who can help you make telephone calls quickly if your cards are lost or stolen.

Any time you enter or leave Canada, you must declare any money or monetary instruments, such as stocks, bond or cheques, you are carrying valued at $10,000 or more.

Canadians who live or work abroad or who travel a lot may still have to pay Canadian and provincial or territorial income taxes.

If you are planning to be outside Canada for an extended period of time, you should inform the Canada Revenue Agency (CRA) before you go to ask for a determination of your residency status. Your residency status depends on whether you are leaving Canada permanently or only temporarily and the residential ties you keep with Canada and establish in another country:

You are leaving Canada permanently

You are leaving Canada temporarily

Visit International and non-resident taxes for information about income tax requirements that may affect you.

Departure tax

In some countries you must pay a departure tax or service fee at the airport or point of departure. Make sure you set aside enough money in local funds to pay it.

Travel Advice and Advisories
Financial assistance
Overseas fraud: An increasing threat to the safety of Canadians
Proceeds of Crime (Money Laundering) and Terrorist Financing Act

You are using an outdated browser. Please upgrade your browser to improve your experience.

Card Accounts

Business Owners

Other Accounts

Help & Support

Personal Cards

Popular Personal Cards

Business Cards

Corporate Cards

Online Travel

Travel Resources

Business Travel

Travel Money

All Insurance Services

Travel Insurance

Benefits and Offers

Manage Membership

Corporations

It appears that JavaScript is either disabled or not supported by your web browser. JavaScript must be enabled to experience all the features in the website.

American Express® Travelers Cheques

Travelers cheques are backed by american express.

For more than a century our Travelers Cheques have helped travellers protect their money. Travelers Cheques may be refunded if lost or stolen. Terms, conditions and restrictions apply. Identification and proof of purchase required..

Travelers Cheques never expire

Unused Travelers Cheques can be used for future trips or redeemed.

Redeeming your Travelers Cheques

1. Redeem your Travelers Cheques with American Express Travel Related Services Company, Inc (1)

You can redeem your Travelers Cheques online (2). Click the button below to find out more or to register a claim.

If you have questions about online redemption, please refer to our FAQ page for more information. Alternatively, you can also call American Express customer service at 1 800 688 022 to register a redemption claim. You can find additional contact numbers based on your location

2. Deposit your Travelers Cheques with your bank

Some banks allow account holders to deposit Travelers Cheques - including foreign currency Travelers Cheques - to their bank account. Please check with your bank if they allow deposit of Travelers Cheques (clearing fees may apply).

3. Exchange your Travelers Cheques for local currency

Travelers Cheques are welcomed at thousands of locations worldwide. Exchange fees may apply. Click below to find locations near you (3) .

(1) We usually process claims & initiate payments within 5 business days. However, when documents are required to process the claim, it can take up to 30 days, from when the documents are received, for a claim to be processed & a payment initiated. Travelers Cheque Encashment service is provided by American Express Travel Related Services Company, Inc.

(2) There may be restrictions on the currency, method of redemption and the value of Travelers Cheques that can be redeemed online.

(3) It is highly recommended that you call the location prior to your visit and verify fees, limits, restrictions, exchange rates and availability.

May be refunded if lost or stolen*

24/7 customer support

Accepted at thousands of locations worldwide

Never expire

Travelers Cheques Service Centre

Get help with your Travelers Cheques and find answers to common questions

How to use Travelers Cheques

As soon as possible, sign your name on the upper signature line to help protect yourself in case of loss or theft.

Write down your serial numbers and keep them with you when you travel, separated from your Travelers Cheques.

Safeguard your Travelers Cheques as you would cash.

To redeem, sign your Travelers Cheque on the lower signature line in front of the person accepting your Cheques.

Lost or Stolen Travelers Cheques

American Express Travelers Cheques are safe and secure. If they are ever lost or stolen, the funds may be refunded.*

WHAT TO DO IF YOUR CHEQUES ARE LOST OR STOLEN

1. Locate serial numbers

Have the serial numbers for your lost or stolen Cheques on hand when you call.

Call an American Express Travelers Cheque Customer Service Centre on 1 800 688 022 or find the contact number for your current location as soon as possible to report the loss and open a claim. Service Centres handle claims 24 hours a day, 7 days a week.

3. Receiving your refund

If your claim is approved we will help determine the best way for you to obtain a refund.

* Terms, conditions and restrictions apply. Identification and proof of purchase required.

Frequently Asked Questions

Why are Travelers Cheques safe and secure?

Travelers Cheques are safe and secure because if they are ever lost or stolen, they may be refunded.

Where do I sign my Travelers Cheques?

Travelers Cheques should be signed on the upper signature line as soon as possible after purchase.

USING TRAVELERS CHEQUES

Where are Travelers Cheques accepted?

There are thousands of foreign exchange partners in countries around the world where you can exchange your American Express Travelers Cheques for local currency. You can find places to redeem your Travelers Cheques using the ' Find Exchange Locations '. It may also be possible to redeem your Travelers Cheques directly for goods and services. Check first though with the merchant.

Can I redeem my Travelers Cheques directly with American Express? If you are unable to find or visit a nearby location to redeem your Travelers Cheques, please call Customer Service at 1 800 688 022 or find the contact number for your current location. We will usually process your claim and initiate the payment within 5 business days from the date all required documentation and information needed to verify the redemption claim is received. We may have to contact you with questions regarding your claim or to request additional information.

How do I cash Travelers Cheques?

Simply present the Cheque at the exchange or merchant location. Make sure the acceptor watches while you countersign the Cheque on the lower signature line. Photo identification may be required. We strongly recommended you retain and carry your original purchase receipt with you when you travel. Commission charges may apply and can vary by country or exchange partner. Exchange limits may apply due to local regulations and exchange policies.

What happens if I sign my Travelers Cheques in the wrong place, or if my signatures don't match?

Acceptance of Travelers Cheques is based on the acceptor watching the customer sign the Cheque on the lower signature line, and then comparing that signature with the original signature on the upper signature line. The acceptor must observe the customer signing the Cheque. If the signatures are a reasonable match, the Cheque should be accepted. Photo identification may be required at the discretion of the Acceptor. As always, if the acceptor is unsure, they should call an American Express Travelers Cheque Customer Service Centre.

Is there a fee to cash Travelers Cheques?

Commission charges may apply and can vary by country and/or exchange partner. Before you travel we recommend that you find the most convenient Travelers Cheque exchange locations using the ' Find Exchange Locations ', along with any information about fees that they have shared with us.

Do Travelers Cheques expire?

Travelers Cheques do not expire. Unused Travelers Cheques can be used for future trips.

What should be done with a deceased person's unused Travelers Cheques?

A refund can be arranged for the unused Travelers Cheque to the next of kin or beneficiary. Please call Customer Services at 1 800 688 022 or find the contact number for your current location. What happens if my Cheques are lost or stolen?

Lost or stolen Travelers Cheques may be refunded.* Please call Customer Services at 1 800 688 022 or find the contact number for your current location.

For other questions regarding Travelers Cheques, please call Customer Services at 1 800 688 022 or find the contact number for your current location.

Terms and Conditions

Following are the terms and conditions for obtaining a refund for lost or stolen Travelers Cheques.

PURCHASE AGREEMENT

Read this Agreement carefully. By either buying, signing, accepting or using these American Express® Travelers Cheques (“Cheques”), you agree to everything written here: You agree (a) To sign your Cheques immediately in the upper left corner, (b) Not to resell, consign, or take any similar action to transfer your Cheques to any other individual, company or entity for resale or reuse.

American Express Travel Related Services Company, Inc. (“American Express”) will refund the amount shown on any lost or stolen Cheque in accordance with applicable laws and only if you meet all of the requirements below:

BEFORE LOSS

You have signed the Travelers Cheque in the upper left-hand corner in permanent ink.
You have not signed the Cheque in the lower left-hand corner.
You have not given the Cheque to another person or company to hold or keep, or as part of a confidence game.
You have not used the Cheque in violation of any law, including as part of an illegal bet, game of chance or other prohibited action.
Your Cheque has not been taken by court order or by government action.
You have safeguarded the Cheque as a prudent person would safeguard a like amount of cash.
You promptly notify American Express of the loss or theft of the Cheque.
You promptly report all facts of the loss or theft to American Express and also to the police if American Express asks you to.
You promptly inform American Express of the serial number of the lost or stolen Cheque and the place and date of its purchase.
You promptly complete American Express's refund forms and provide American Express with acceptable proof of your identity.
You give American Express all reasonable information and help requested to make a complete investigation of the loss or theft. American Express reserves the right to investigate the loss or theft and to verify compliance with this Purchase Agreement and shall not be responsible for any delays resulting from such an investigation.
Please note that for quality assurance purposes your telephone call to American Express may be monitored or recorded and that you consent to such monitoring and recording.

NO STOP PAYMENT

American Express cannot stop payment on any Cheque.

Sign your Cheques immediately in the upper left hand corner.

For other questions regarding Travelers Cheques, please call Customer Services at 1 800 688 022 or find the contact number for your current location

Still need help?

You can call customer services on 1 800 688 022 . Alternatively, you can find additional contact numbers below based on your location.

American Express stopped issuing Travelers Cheques, so they’re no longer available for purchase.

Support is available by phone and the American Express website for customers to redeem valid Travelers Cheques.

Travelers Cheques remain backed by American Express and have no expiration date.

Is It Safe in Moscow?

Stanislav Solntsev / Getty Images

When you visit Moscow , Russia, you’re seeing one of the world’s largest, and most expensive, capital cities . While there is a history of violent crime against foreign journalists and aid personnel in Russia, a trip to Moscow is usually safe for mainstream travelers. Most tourists in Moscow only face potential issues with petty crime, though terrorism is also a concern. Visitors should stick to the principal tourist areas and abide by the local security advice.

Travel Advisories

The U.S. Department of State urges travelers to avoid travel to Russia because of COVID-19 and to "exercise increased caution due to terrorism, harassment, and the arbitrary enforcement of local laws."
Anyone exploring more of Russia should avoid "The North Caucasus, including Chechnya and Mount Elbrus, due to terrorism, kidnapping, and risk of civil unrest." Also, travelers should stay away from "Crimea due to Russia’s occupation of the Ukrainian territory and abuses by its occupying authorities."
Canada states travelers should use a high degree of caution in Russia due to the threat of terrorism and crime.

Is Moscow Dangerous?

The Moscow city center is typically safe. In general, the closer you are to the Kremlin , the better. Travelers mainly need to be aware of their surroundings and look out for petty crime. Be especially careful in tourist areas such as Arbat Street and crowded places like the Moscow Metro transit system. The suburbs are also generally fine, though it is advised to stay away from Maryino and Perovo districts.

Terrorism has occurred in the Moscow area, leading authorities to increase security measures. Be more careful at tourist and transportation hubs, places of worship, government buildings, schools, airports, crowds, open markets, and additional tourist sites.

Pickpockets and purse snatching happen often in Russia, perpetrated by groups of children and teenagers who distract tourists to get their wallets and credit cards. Beware of people asking you for help, who then trick you into their scheme. Don’t expect a backpack to be a safe bag bet; instead, invest in something that you can clutch close to your body or purchase a money belt . Always diversify, storing some money in a separate location so that if you are pickpocketed, you'll have cash elsewhere. Keep an eye out for thieves in public transportation, underground walkways, tourist spots, restaurants, hotel rooms and homes, restaurants, and markets.

Is Moscow Safe for Solo Travelers?

Large cities like Moscow in Russia are overall fairly safe if you are traveling alone, and the Moscow Metro public transit is a secure and easy way to get around. But it is still a good idea to follow basic precautions as in any destination. Avoid exploring alone at night, especially in bad areas. You may want to learn some basic Russian phrases or bring a dictionary, as many locals don't speak English. However, in case you need any help, there are tourist police that speak English. Also, exploring with other trusted travelers and locals or on professional tours is often a good way to feel safe.

Is Moscow Safe for Female Travelers?

Catcalling and street harassment are infrequent in Moscow and the rest of Russia and females traveling alone don't usually have problems. There are plenty of police officers on the streets as well. Still, it serves to stick to Moscow's well-lit, public areas, avoid solo night walks, and use your instincts. Women frequenting bars may take receive some friendly attention. Females can wear whatever they want, but those entering Orthodox churches will be required to cover up. Though women in Russia are independent, domestic violence and other inequality issues take place regularly.

Safety Tips for LGBTQ+ Travelers

Russia is not known as a gay-friendly country. However, Moscow is one of the more welcoming cities with a blooming LGBTQ+ community and many friendly restaurants, bars, clubs, and other venues. Hate crimes in Russia have increased since the 2013 anti-gay propaganda law. Openly LGBTQ+ tourists in this conservative country may experience homophobic remarks, discrimination, or even violence, especially if traveling with a partner. Also, while women hold hands or hug publicly—whether romantically involved or not—men should avoid public displays of affection to prevent being insulted or other issues.

Safety Tips for BIPOC Travelers

Moscow and other big cities in Russia have sizable populations of various cultures, so discrimination against BIPOC travelers is rarer than in other parts of the country where it can become dangerous. Some people living in Russia who are Black, Asian, Jewish, and from other backgrounds have experienced racial discrimination and violence. Tourists won't usually experience overt racism but may be the recipients of some stares. If anyone should bother you, be polite and resist being taunted into physically defending yourself.

Safety Tips for Travelers

Travelers should consider the following general tips when visiting:

It's best not to drink the tap water. If you do, boil it before drinking, though showering is safe and the amount used to brush teeth is generally not harmful. Mineral water is widely drunk, especially at restaurants, and if you prefer not to have it carbonated ask for “ voda byez gaz” (water without gas).
If you need emergency assistance in case of fire, terrorism, medical issues, or more, dial 112 in Russia for bilingual operators.
Be judicious about taking photographs, especially of police or officials. This can potentially bring unwanted attention to yourself by members of law enforcement who won’t mind asking to see your passport. Also avoid snapping photos of official-looking buildings, such as embassies and government headquarters.
Carry your passport in as secure a manner as possible. If you get stopped for any reason by the police, they can fine or arrest you if you don't have the document with you. Also, keep photocopies of your passport, the page on which your travel visa appears, and any other documents that relate to your stay in Russia.
Use official taxis only and steer clear of illegal taxi companies, especially at night. Ask your hotel to call a reputable taxi company.

U.S. Department of State. " Russia Travel Advisory ." August 6, 2020.

Government of Canada. " Official Global Travel Advisories ." November 19, 2020.

Is It Safe in Peru?

Is It Safe in Guatemala?

Is It Safe in Rio de Janeiro?

Is It Safe in Barbados?

Is It Safe in Egypt?

Is It Safe in Sweden?

Is It Safe in Colombia?

Is It Safe in Jamaica?

Is It Safe in Germany?

Is It Safe in Iceland?

Is It Safe in Mexico?

Is It Safe in Amsterdam?

Is It Safe in Russia?

2020 Travel Warnings for Countries in Africa

Is It Safe in Thailand?

Is It Safe in Trujillo, Peru?

IMAGES

EUROPE 100 Euro THOMAS COOK MASTER CARD Specimen Travellers Cheque
Travellers chèques : de quoi s’agit-il ?
USA MasterCard Euro Travelers Cheque 20 Dollars, UNC, Specimen
France MasterCard Euro Travelers Cheque 200 Franc, UNC, Specimen
Travellers Cheques Photos et images de collection
TRAVELLERS CHEQUES (L.98)

VIDEO

#shubh #cheques
American Express Travellers Cheques commercial 1992
American Express Travelers Cheques
Lucio l'anarchiste
Organic Travellers| Worth the hype??
C4

COMMENTS

Traveler's Checks and Modern Alternatives
It can be used as cash or a regular check. Traveler's checks—you may also see them referred to as "cheques"—are generally printed with a unique serial number. This means you may be able to get a refund if your checks are lost or stolen. The checks are usually available in set denominations—$20 and $50, for example.
Travellers Cheques: Visa & Mastercard
All follow up enquires for our services can be sent. By email: [email protected]. By telephone: +44 (0) 1733 279865 (Interpayment Visa) Option 2. +44 (0) 1733 279760 (Travelex, Thomas Cook Mastercard) Option 2. Alternatively, please review our Frequently Asked Questions below.
Travellers Cheques
Credit cards, debit cards, travel money cards and ATMs have become much easier to use when travelling overseas. Exchange rates aren't always as good for Travellers Cheques as they are for other ways of spending either. This has meant that less people feel they need to use Travellers Cheques, so they're less widely accepted than they used to ...
Using travellers cheques abroad: the pros and cons
Although many people have now moved to using foreign currency prepaid cards and credit cards for overseas spending, travellers cheques still remain popular. The key advantage of travellers cheques is that they are safer to carry around than cash. Provided you have noted down the serial number of each cheque you were originally issued, you will ...
What are Travellers Cheques?
When travellers cheques were originally launched, ATM withdrawals were not commonplace for travellers, and digital point of sale systems had not been invented. Nowadays, it is easy to access local currency using an assortment of different payment methods such as debit or credit cards, travel money cards or money transfer apps.
How to Cash Travellers Cheques
The most well known issuers of travellers cheques were Thomas Cook, Bank of America and American Express. However, since the 1990s there has been a great decline in their use as cash, pre paid cards, ATMs, multi currency cards and credit cards have taken over when spending money abroad. Now it is very difficult to use travellers cheques abroad.
Traveler's Checks When Traveling Abroad
1. Limited Availability for Use. In much of Europe and Asia, traveler's checks are no longer widely accepted and cannot be easily cashed — even at the banks that issued them. This means that cashing in traveler's checks might require hunting down a bank branch or hotel that accepts them during business hours.
Traveler's Check: What It Is, How It's Used, Where to Buy
Traveler's Check: A traveler's check is a medium of exchange utilized as an alternative to hard currency . Travelers often used traveler's checks on vacation to foreign countries. In 1891 ...
Travellers Cheques
Passport and Credit Card Replacement Assistance is available to you when carrying American Express Travellers Cheques purchased in the UK whether or not you've lost a Cheque. In the event that you lose your passport or credit cards, you should phone an American Express Travellers Cheque Service Centre as soon as possible.
What to do with Thomas Cook traveller's cheques
The demise of Thomas Cook travel agency on the high street and in the skies has not killed traveller's cheques. Travelex, which bought Thomas Cook's travel money business in 2000, will still ...
Travelling and money
Credit cards. Use a major international credit card for your big purchases, such as your airplane tickets, hotel bills and restaurant tabs. ... Keep a record of your travellers' cheque numbers, credit card account numbers and expiry dates and the telephone numbers for reporting lost or stolen cards in a safe place. If possible, leave a copy ...
Travelers Cheques
Call American Express Customer Service 24/7 at 1-800-221-7282. or find additional contact numbers based on your location. American Express stopped issuing Travelers Cheques, so they're no longer available for purchase. Support is available by phone and the American Express website for customers to redeem valid. Travelers Cheques.
Traveller's cheque
Obverse and reverse side of traveller's cheque of National Bank of Poland (nominal value: 1000 Polish złoty); sold in April 1989 in Budapest (), for use during travel to Poland only, never used. Security hologram against counterfeit on cheques with the denomination of 50 US-Dollars from American Express, c. 2012.. A traveller's cheque is a medium of exchange that can be used in place of hard ...
Travellers Cheque Online Verification
About Quick Cheque. About Quickcheque. Quickcheque.net is the online travellers cheque verification system from Travelex. Using this service you will be able to verify the validity of Visa and Thomas Cook MasterCard Travellers Cheques. Visa Travellers Cheques are issued by a number of financial institutions worldwide, who are members of Visa ...
How do Traveller's Cheques work and are they still a useful?
Lost or stolen traveller's cheques are reimbursed, making them a safe payment system. Credit cards, debit cards, and prepaid cards are popular modern alternatives to cheques. Digital payment systems like PayPal and Venmo are also popular with tech-savvy users. It's imperative to keep your money safe whenever you venture abroad, though that ...
thomas cook mastercard travellers cheques
Thomas Cook sold its financial services business which included the issuance of Thomas Cook Mastercard travellers cheques to Travelex UK Limited way back in 2000 with Barclays Bank providing guarantees to cover any outstanding cheques. Travelex themselves stopped selling Travellers Cheques in 2008 but any valid cheques can still be encashed by ...
Where can I cash Travelers Cheques?
To find out locations where you can cash Travelers Cheques and how to redeem your Travelers Cheques directly with American Express please click here
Travelers Cheques
Alternatively, you can also call American Express customer service at 1 800 688 022 to register a redemption claim. You can find additional contact numbers based on your location. 2. Deposit your Travelers Cheques with your bank.
The Best & Worst Times to Visit Moscow in 2024
Sandy Mitchell is a travel expert and the content reviewer/fact checker at Travellers Worldwide. Using the experience she gained working in the travel industry for more than 20 years, as a travel agent, travel marketing executive, and cruise school administrator, Sandy fact-checks and reviews each of our guides to ensure they're as accurate and helpful as possible...
Is It Safe to Travel to Moscow?
Travel Advisories . The U.S. Department of State urges travelers to avoid travel to Russia because of COVID-19 and to "exercise increased caution due to terrorism, harassment, and the arbitrary enforcement of local laws."; Anyone exploring more of Russia should avoid "The North Caucasus, including Chechnya and Mount Elbrus, due to terrorism, kidnapping, and risk of civil unrest."
MOSCOW CITY CENTRE TOUR. PART 1 /// RUSSIA TRAVEL VIDEO ...
There are lots to see in the city centre of Moscow, so we decided to start our series of Russia travel videos by showing you around the most historical part ...

Capital One Main Navigation

All about traveler’s checks, plus modern alternatives

Earn 75,000 bonus miles

What is a traveler’s check?

How do traveler’s checks work?

How to cash in traveler’s checks

Potential fees associated with traveler’s checks

Where to get traveler’s checks

Pros and cons of traveler’s checks

When to use a traveler’s check

Modern alternatives to traveler’s checks

Credit cards

See if you’re pre-approved

Debit cards

Prepaid cards

Mobile wallet

Traveler’s checks in a nutshell

Related Content

Should you send a credit card travel notice?

Foreign transaction fees: What you need to know

Travellers Cheques

A Guide to Travellers Cheques

What are travellers cheques?

How do you use travellers cheques?

Where can I get travellers cheques?

Where can I use travellers cheques?

How safe are travellers cheques?

Travellers cheque vs. Cashiers cheque: What is the difference?

What are the alternatives?

Travel money cards

International bank accounts

Related content

Contributors

April Summers

Compare Exchange Rates

Found yourself stuck with travellers cheques? Here's how you can exchange your travellers cheques to cash.

Travel Money

How can I exchange my travellers cheques?

1) Your local Post Office

2) Visit your local bank

3) Go online

What are the alternatives to taking travellers cheques?

Credit cards (pre paid and others)

Buy Traveller Cheques

We can buy back your leftover euros so you can always transact at the best GBP to EUR exchange rate with no hidden fees.

Send money abroad in Euro (EUR) at low cost with our best exchange rates

Traveler’s Checks When Traveling Abroad — Useful or Outdated?

What Are Traveler’s Checks?

How To Buy and Use Traveler’s Checks

Best Ways To Use Traveler’s Checks

Cons of Using Traveler’s Checks

Other Alternatives

Money Tips for Traveling Abroad

Frequently Asked Questions

How much does it cost to buy traveler's checks?

What is the purpose of a traveler's check?

Can you cash old traveler's checks?

Can I buy traveler's checks online?

About Christy Rodriguez

What Is a Traveler’s Check?

The Bottom Line

Traveler's Check: What It Is, How It's Used, Where to Buy

Key Takeaways

How Traveler’s Checks Work

History of Traveler’s Checks

Where to Get Traveler's Checks

Where to Cash Traveler's Checks

Advantages and Disadvantages of Traveler's Checks

Alternatives to Traveler's Checks

Where Do You Buy Traveler's Checks?

How Do You Cash Traveler's Checks?

What Do You Do With Traveler's Checks?

Travellers Cheques FAQ

Accessibility Links

What to do with Thomas Cook traveller’s cheques

Advertisement

Related articles

Language selection

Travelling and money

On this page