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Traveler’s checks are issued by a financial institution, such as a bank. They function as cash, but are protected against theft or loss. They are very useful overseas, because not all debit or...
Traveler's checks have all the advantages of cash, but none of the risks. So leave your wad of cash in the bank where it belongs and travel safely.
Traveler's checks are a convenient and safe way to handle currency while on the road.