How to Buy and Use Traveler's Checks

Traveler's checks are a form of currency that is accepted all over the world. These notes are purchased at banks and come in several denominations, generally from $5 to $100. These checks are used in place of cash, debit cards or credit cards. They provide a traveler with security because they are insured by the issuer and can be replaced if they are lost or stolen. Using traveler's checks correctly will ensure that transactions run smoothly.

Instructions

1. Choose an institution through which to buy the checks. This is generally accomplished at a bank or other financial institution. The checks are purchased in the desired denominations and must be signed at the top by the purchaser in front of a teller or clerk.

2. Locate a store on your vacation that accepts traveler's checks. The establishment may display a sign indicating it accepts the checks, or you can ask a store associate.

3. Present your items to the store clerk. When the clerk gives you the total price, present enough traveler's checks to cover the cost.

4. Sign the check at the time of purchase where indicated, generally at the bottom of the check. The check must be signed in front of the store clerk; you may also be asked for picture identification.

5. Collect your change, if any. Any change given will be in the currency of your location, such as a euro in France or a pound in England.

Tips & Warnings

• Buy traveler's checks from reputable, established dealers such as American Express or Citicorp.

References

• Reid's Guide: Traveler's Checks
• Travelex: Traveler' Cheques