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Q.

How is the traveler`s cheque useful?

Asked by HINAL TAMBOLI, 29 Aug '08 11:16 pm
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Answers (3)

1.

A traveler's cheque (also traveller's cheque, travellers cheque, traveler's check, or travelers check) is a preprinted, fixed-amount cheque designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.
As a traveler's cheque can usually be replaced if lost or stolen (if the owner still has the nota, issued together with the purchase of the cheque), they are often used by people on vacation in place of cash. The use of credit cards has, however, rendered them less important than they previously were; there are few places that do not accept credit cards (especially international ones such as Mastercard and American Express) but do accept traveler's cheques in fact, many places now do not accept the latter. As a result, Travelex now also sells "traveller's cheque cards" which are used like credit cards. In contrast, American Express discontinued their own traveler's cheque cards, anno ...more
Answered by Jairam Kshirasagar, 29 Aug '08 11:24 pm

 
  
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2.

Now it has no meanig when you have ATM cards
Answered by Jyoti Gupta, 29 Aug '08 11:23 pm

 
  
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3.

It can be carried in lieu of cash and can be encashed anywhere thru the country
Answered by sy hussain, 29 Aug '08 11:17 pm

 
  
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