|
Travellers Cheques: American Express, Thomas Cook & Visa
|
|
|
There are a wide variety of travellers cheques available including American Express, Thomas Cook and Visa. Overall, travellers cheques are poor value compared to debit cards as they often have higher commission charges and poorer rates of exchange.
Euro travellers' cheques are good value if you are travelling through European countries but US dollar travellers cheques are better value in other continents.
American Express travellers cheques also offer the added benefit of a 24 hour worldwide replacement service if the cheques have been lost or stolen. This service may prove to be helpful for travellers in remote areas or who require cash urgently. |
It is important to remember that travellers cheques should only be countersigned in front of a cashier or bank teller when you decide to exchange them for cash. Travellers cheques numbers should also be kept separately in case the cheques are lost or stolen. An additional safeguard would be to email the numbers from your travellers cheques to yourself.
|
|
|
|
