How to Obtain Traveler's Checks
How to Obtain Traveler's Checks
It is a good idea to give some thought to currency exchange prior to traveling outside of your home country. Most international destinations accept cash, credit or debit cards, but traveler's checks offer the highest level of security, as they are refundable if lost or stolen. Traveler's checks come in a wide variety of denominations and currencies and are available for purchase through most financial institutions, currency-exchange offices and some travel-service organizations. Read the following article to learn how to obtain traveler's checks.
Steps

Set a travel budget. You will need to determine how much on-hand currency your trip will require to ensure that you order the appropriate amount in traveler's checks. Consider daily expenses such as meals, transportation and tips as well as any additional planned purchases including souvenirs, sight-seeing tours and admission charges.

Visit your local bank, credit union or other financial institution. Many organizations will waive processing fees for their members. You may also order traveler's checks online or by telephone from large financiers such as American Express or MasterCard.

Request the appropriate amount in traveler's checks. Keep in mind that small- denomination checks will grant you more control as to where and how you exchange them for currency in your destination country. Processing fees are charged per every $100 obtained in the U.S.

Inspect your traveler's checks for accuracy.

Sign the checks on the appropriate line to activate them so you'll be protected in case of loss or theft. You will need to remit payment in full for your traveler's checks at the time of purchase.

Store your traveler's checks in a safe location. You will want to store the checks and their receipts in separate locations when traveling. If the checks are lost or stolen, you will need to provide evidence of payment for them (in the form of serial-numbered receipts) in order to be reimbursed.

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