How to use traveller's cheques

(photo from the website www. groupnews. ru)

For travelers travelers cheques can be very convenient means of payment.. if you know how to use them. I will talk in detail about cheques American Express.

Instruction

Difficulty level: Easy

What you will need:

Passport

Money

step 1

What is it?

Traveller's cheque is a payment instrument that is different from the banknote that is inscribed: when buying sign the check and after that no one without Your knowledge will not be able to use it. Like money, traveler's checks are printed on special paper and have multiple levels of protection. Checks come in denominations of 20, 50, 100, 500 and 1000 USD (in Russia the most popular dollars and euros).

2 step

Than travellers cheques are better than cash?

- purchase/sale of checks usually advantageous currency exchange rates.

- no limits on the amount, when exported outside the Russian Federation.

- lost/stolen/destroyed checks can be restored within 24 hours.

In addition, checks are accepted in hotels, shops, restaranah. Delivery will take cash! In USA American Express cheques are treated everywhere, they can even pay for the taxi!

3 step

Where to buy traveller's cheques?

1. In banks, the courses of purchase/sale of checks is on the same Board, where exchange rates (typically banks charge a fee for the transaction).

2. In the offices of American Express (without commissions).

More: http://www10.americanexpress. com/sif/cda/page/0,1641,21745,00.asp#A

or by phone 8-800-200-222-0

step 4

When buying traveler's checks will give You a receipt stating their series and rooms. Keep the receipt separately it will need, if you need to restore the checks. If you get checks in the amount of more than $10 000, ask the cashier for a certificate of purchase exchange.

(These documents will be useful in customs).

5 step

Where to cash?

http://www. aetclocator. com/us/

or

http://www210.americanexpress. com/tcintl/feefreelocator/request? request_type=default&country=uk

6 step

What is a collection?

The owner of the cheque has the right to make an endorsement in the middle of the cheque to enter the name of the person who becomes the new owner.

When contacting the new owner in the Bank cheques will not be repaid instantly - they will accept for collection for up to 3 months.

7 step

Treat your travel planning very seriously: learn the addresses of the banks, where you can cash checks without commissions, their hours of operation. This will help You avoid unpleasant surprises.

Useful telephone numbers for customers of American Express: http://www10.americanexpress. com/sif/cda/page/0,1641,22290,00.asp? russia_nav=newhomepage