The main related parties of traveler's checks are not included

The main related parties of travellers' checks include:

Buyers - people who own travellers' checks and can use their travellers' checks to make payments.

Issuing Bank - The bank that issues travelers checks and is responsible for providing travelers checks to buyers.

Accepting Bank - A bank that accepts travelers checks and is responsible for providing financial support and cashing services to buyers.

Merchant - A merchant that accepts travelers checks may cash the amount represented by the travellers' checks to the accepting bank.

Principal persons not included may include:

Payee - the person who receives the traveler's check and can cash the check to the accepting bank.

Intermediaries - such as travel agents, travel agencies, etc., may provide buyers with travel check-related services and information.

It should be noted that in different countries and regions, the issuance and use of travellers' checks may be different, and the role of the main contact person may also be different.

Travelers' check is a payment instrument used when traveling and can be used worldwide

In addition to the main related persons mentioned above and the main related persons not included, Travelers' checks have also played some other related roles during their historical development.

Agent - In the early days of travelers' checks, people often needed to entrust an agent to go to the bank to withdraw money, and the agent would obtain the corresponding funds according to the instructions on the travelers' check.

Authorized Person - Some travellers' checks require signature authorization before use, and the authorized person can perform check transactions on behalf of the buyer.

Supervisory agencies - The issuance and use of travellers' checks need to be supervised, and financial institutions and government departments in some countries may regulate the travellers' check market.

Insurance company - Some travelers checks may provide insurance-like services, such as compensation protection in case of accidental injury, loss, etc.

Alliance organizations - The global use of travellers' checks requires the support of alliance organizations, such as the American Travelers Check Alliance, the Euro Travelers Check Alliance, etc.

Although the frequency of use of travelers' checks has gradually declined, as a payment instrument with historical significance and cultural value, it still has a profound impact on the tourism industry and the financial industry.

Industrial and Commercial Bank of China Heilongjiang Branch Savings Traveler’s Checks