What is a traveler's check?

Question 1: What is a traveler's check? Traveler's check is a fashionable thing now, which sounds inspiring, but in fact, few people know what traveler's check is, and even fewer people actually use it. But people who have used it will greatly appreciate its convenience and safety. Traveler's checks are actually fixed denomination bills issued by banks or travel companies to facilitate travelers to carry and pay travel expenses safely during their travels. Generally, it is issued by a well-known bank or travel agency, and the entrusted bank or travel agency sells it on its behalf. The sales money is allocated to the entrusted bank daily or regularly. It can provide convenient service for the daily payment of China people who go abroad and foreigners who come to China, which is not only suitable for business travel, but also suitable for personal travel.

Question 2: Who knows what a traveler's check is? Hello, what is a traveler's check? Foreign currency traveler's checks refer to fixed denomination bills issued by domestic commercial banks, printed by overseas banks or professional financial institutions, with the issuer as the final payer and the freely convertible currency as the pricing and settlement currency. Domestic residents must sign the check in person when purchasing, and only need to sign it again when exchanging. What are the characteristics of traveler's checks? First of all, traveler's checks are like cash. They are liquid, permanent and effective, and have no service life. If you don't use it up, you can keep it for next time, or pay a certain fee to cash it. At the same time, don't worry if you lose your traveler's checks. You can get a new traveler's check as long as you take your passport and purchase contract to the designated institution to report the loss. Secondly, the handling fee for purchasing and using traveler's checks is low, and only 0.75% handling fee is required (taking China as an example); It's even free in America. Third, the use of traveler's checks is not restricted by communication conditions like credit cards. Fourthly, traveler's checks have multiple currency choices, which avoids the exchange rate loss caused by exchange. In a word, traveler's checks are mature and have obvious advantages in convenience and security, which can be a useful supplement for cardholders to choose suitable traveler's checks. At present, AMERICANEXPRESS, VISA, THOMAS COCK and other popular traveler's checks in the world. The above traveler's checks printed with the words Bank of China can be exchanged in more than 800 remittance banks around the world, and can also be directly used in large shops and hotels in various countries. Like cash, traveler's checks have different denominations. Take the US dollar check as an example, which is divided into 20 yuan, 50 yuan, 100 yuan, 500 yuan and 1000 yuan. In addition to the most commonly used US dollar traveler's checks, customers can also buy traveler's checks in euros, pounds, Japanese yen, Australian dollars and other currencies at Bank of China Shanghai Branch as needed to avoid unnecessary exchange rate losses caused by exchanging local currencies. According to the regulations, domestic residents can buy foreign currency traveler's checks with funds in foreign exchange deposit accounts or foreign currency cash, or they can buy foreign currency traveler's checks with funds in RMB accounts or RMB cash. With their valid identity documents, passports for valid visas to countries or regions or Hong Kong and Macao passes, residents of this city can purchase traveler's checks in foreign exchange cash accounts of major banks with the equivalent of less than US$ 6.5438+0.000 (including US$ 6.5438+0.000). If there is no foreign currency, citizens can go through the formalities of purchasing traveler's checks in RMB within the foreign exchange quota for private travel according to the Detailed Rules for the Administration of Foreign Exchange Purchase by Domestic Residents and other relevant regulations. thank you

Question 3: What is a traveler's check and what are its characteristics? Refers to the fixed denomination bills sold by domestic commercial banks, printed by overseas banks or professional financial institutions, with the issuer as the final payer and the freely convertible currency as the pricing and settlement currency. Domestic residents must sign the check in person when purchasing, and only need to sign it again when exchanging.

First of all, traveler's checks are much like cash. They have good liquidity, are permanent and effective, and have no time limit. If you don't use it up, you can keep it for next time, or pay a certain fee to cash it. At the same time, don't worry if you lose your traveler's checks. You can get a new traveler's check as long as you take your passport and purchase contract to the designated institution to report the loss.

Secondly, the handling fee for purchasing and using traveler's checks is low, and only 0.75% handling fee is required (taking China as an example); It's even free in America.

Third, the use of traveler's checks is not restricted by communication conditions like credit cards.

Fourthly, traveler's checks have multiple currency choices, which avoids the exchange rate loss caused by exchange.

Question 4: Where can I buy traveler's checks in China? How about traveler's checks from China Bank? China Bank provides the service of buying and cashing traveler's checks with low fees, numerous outlets and brands, and flexible methods. Cai Xi. Com finishing.

Buy traveler's checks

In China Bank, the cost of buying traveler's checks is usually 65,438+0%-0.5% of the purchase amount, and the difference fee that needs to be remitted when buying in foreign currency cash.

Traveler's check exchange office

China bank traveler's checks have four advantages:

1. There are many acceptance outlets.

More than 2,000 domestic branches and most overseas branches can handle traveler's checks. China Bank's foreign currency exchange agency in China can also provide the service of changing traveler's checks into RMB.

2. Accept many brands

Bank of China can accept 149 kinds of traveler's checks issued by 17 traveler's check issuers, among which American Express, Tongji Long, VISA and MasterCard can handle the exchange business in our bank.

3. The acceptance method is flexible

Under normal circumstances, the holder holds valid identity documents and bills that are consistent with the initial re-signing, and our bank can purchase foreign exchange by traveler's checks below a certain amount at designated outlets; If the limit is exceeded, Bank of China will handle clean bill collection for you.

4. The acceptance fee is low

Question 5: Traveler's checks have the advantage of complete denominations: for example, the maximum denomination of US dollars is 1000 US dollars, and the minimum denomination is 20 US dollars. Diversified currencies: people can choose different currencies according to different regions they go to. Easy to use: cash can be exchanged at major banks and exchange outlets around the world; It can be paid directly in international hotels, restaurants, schools and other consumer places without paying any fees; In the United States, it can be completely equivalent to cash use, and you can even buy a newspaper. More secure: if traveler's checks are accidentally lost or stolen, they can be reported, claimed and urgently compensated; In case of accident, you can also apply for medical and other emergency assistance services provided by the traveler's check issuing agency. No expiration date: Traveler's checks are always valid. If they are not used up after one purchase, they can be used for the next exit. Reasonable fees, easy to enjoy convenience and safety.

Question 6: How to use traveler's checks? The currency that ordinary travelers bring abroad is mainly US dollars. Carrying a lot of cash is convenient to use, but it is afraid of being stolen. I think it's best to bring a small amount of cash and use traveler's checks for the rest, such as American Express and Thomas Cook.

1. Purchase: available at Bank of China Beijing Branch (next to the Asia-Pacific Building on the East Second Ring Road). You need to bring your passport, ID card and US dollars when purchasing, and the handling fee is 4% of the currency sold. 2. Purpose: After buying a check, you must sign it in the designated place in front of the bank staff (consistent with the autograph on your passport). When exchanging cash at the bank, you should show your passport and sign in the designated column of the check in front of the bank staff. The signature must be exactly the same as the original signature. 3. How to guard against theft: Write down the number of the check you bought, keep one at home and take one with you. After each exchange, record the exchange place and amount. If the check is lost or stolen, please report it to the local check exchange office in time and get a new check. 4. How to return the check: If the check is not used up, you can change it into cash in the same currency at the bank, but you have to pay a handling fee of 0.75%. 5. Pay attention when using abroad: ① In the United States, American Express checks can be used as cash, while in Europe, they can only be used if they are converted into cash at the exchange office. The exchange rate of traveler's checks is higher than that of cash. (3) At the time of exchange, most places have to charge a handling fee. The exchange rate in the west is free, and the exchange rate and handling fee of different countries, cities, banks and even different branches of the same bank are different. Generally speaking, the exchange rates of airports, railway stations and hotel exchange offices are low and the handling fees are high; Big banks or American Express exchange offices have high exchange rates and low handling fees. Some small exchange offices in the Netherlands write the exchange rate in a conspicuous place outside as the buying price, which is higher and makes people mistakenly think it is the selling price; Some of them are only expressed in local words, rather than percentages, which is easy for tourists to misunderstand.

Question 7: What is an electronic traveler's check? Electronic check is a common electronic payment tool in online banking, and it is a legal payment method just like paper check. It uses digital signature and automatic verification technology to determine its legitimacy.

Electronic check is an electronic substitute for paper check. This is a legal payment method, just like a paper check. It uses digital signature and automatic verification technology to determine its legitimacy. The electronic check displayed on the monitor screen looks like a paper check and is filled in the same way. In addition to the payee's name, account number, amount and date, the check also contains encrypted information. E-check is sent directly to the payee by e-mail. The payee takes out the e-check from the e-mail, signs the received confirmation information with an electronic signature, then sends the e-check to the bank by e-mail and deposits the money into his account.

Question 8: Choice of Traveler's Checks Buy the right traveler's checks. At present, the popular traveler's checks in the world are American Express, VISA, Tongji Long, MasterCard, Citigroup and other brands. The above traveler's checks with the words Bank of China can be exchanged in more than 800 remittance banks around the world, or directly used in large shops and hotels in various countries. Among them, American Express traveler's checks can be bought at more than 2,000 bank outlets in Chinese mainland. Cooperative banks include Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of China, China Construction Bank, China Everbright, CITIC and Bank of Communications. It is recommended to make an inquiry by telephone before purchasing. Like cash, traveler's checks have different denominations. Take the US dollar check as an example, which is divided into 20 yuan, 50 yuan, 100 yuan, 500 yuan and 1000 yuan. In addition to the most commonly used US dollar traveler's checks, customers can also buy traveler's checks in euros, pounds, Japanese yen, Australian dollars and other currencies at Bank of China Shanghai Branch as needed to avoid unnecessary exchange rate losses caused by exchanging local currencies. Among them, American Express traveler's checks are currently issued in Chinese mainland in seven currencies, including US dollars, euros, Canadian dollars, Australian dollars and Japanese yen, with more than 20 denominations. According to the regulations, domestic residents can buy foreign currency traveler's checks with funds in foreign exchange deposit accounts or foreign currency cash, or they can buy foreign currency traveler's checks with funds in RMB accounts or RMB cash. Residents of this city can use the funds in the foreign exchange cash accounts of major banks to buy traveler's checks with the equivalent of less than 50,000 US dollars (including 50,000 US dollars) with their valid identity certificates, passports with valid national or regional visas or Hong Kong and Macao passes. If there is no foreign currency, citizens can go through the formalities of purchasing traveler's checks in RMB within the foreign exchange quota for private travel according to the Detailed Rules for the Administration of Foreign Exchange Purchase by Domestic Residents and other relevant regulations.

Question 9: Under what circumstances do traveler's checks need to be countersigned? When you go to the bank to cash it, you need to sign the traveler's check at the designated place. If you sign in advance, you have to sign it again in front of the bank and countersign it on the back.

Question 10: What are the relevant regulations for personal traveler's checks? Traveler's checks are fixed denomination bills issued by banks or travel companies to facilitate travelers to carry and pay travel expenses safely during their travels.

You must sign the check in person when you buy it, and you only need to sign it again when you change it.

Because when cashing traveler's checks, the bank staff will carefully check the customer's passport and signature twice, so even the lost checks are difficult to be fraudulently used, and the owner can report the loss immediately to protect his rights and interests.

Characteristics of traveler's checks

1. It is as convenient and easy to use as cash, and you don't have to worry about losing or stealing cash. Traveler's checks are much like cash. They are liquid, permanent and have no time limit. If you can't use it up, you can keep it for next time, or pay a certain fee to cash it. However, traveler's checks have advantages over cash. Even if you lose them, don't worry. As long as you take your passport and purchase contract to the designated agency to report the loss, you can get a new traveler's check, just like buying insurance for your cash. Take American Express traveler's checks as an example. It has100,000 service points around the world to handle claims.

2. Compared with the high handling fee for cash withdrawal by credit card, the handling fee for purchasing and using traveler's checks is lower. There is no extra charge for credit card consumption, but if you borrow cash in advance, you have to pay a high handling fee (usually 3% C4%); When cashing traveler's checks, you only need to pay a handling fee of about 0.5~ 1%; Take American Express traveler's checks as an example. There are 75,000 exchange points around the world to exchange traveler's checks, and there is no handling fee!

The use of traveler's checks will not be restricted by communication conditions like credit cards (because you must be able to connect to the bank to swipe your card). Although the environment for using credit cards is constantly improving, it will be very inconvenient for those regions and countries with underdeveloped communication facilities not to use credit cards. The theft of credit cards is even more disturbing to users. The newspaper also published the news that the credit card was stolen overseas.

4. Traveler's checks have multiple currencies to choose from, which avoids the exchange rate loss caused by exchange. At present, most credit cards on the market are settled in US dollars. For example, if you use a credit card in Europe, although there is no handling fee, the actual loss caused by the difference is considerable because of the changeable exchange rate between the US dollar and the euro. Traveler's checks in euros don't have such troubles. Who is suitable for buying traveler's checks? Traveler's checks are a very good choice for people who go abroad occasionally. For the elderly and those students studying abroad, safe and reliable traveler's checks in different places can save them a lot of trouble. However, when a large amount of cash payment is needed, the advantages of traveler's checks are more obvious.