Traveler's check is a fixed cashier's check, which is designed for passengers to buy and pay travel expenses. The difference between traveler's checks and general bank drafts is that traveler's checks have no designated place of payment and bank, and are generally not limited by date. It can be used all over the world, and customers can exchange cash or use it directly in major foreign banks, international hotels, restaurants and other consumer places at any time. It is one of the commonly used payment vouchers for international travel. ?

Traveler's checks are internationally accepted bills, which are as liquid as cash in many countries and regions. Not only do many shopping malls and hotels support the payment of traveler's checks, but travelers' checks can be converted into local currency at the place of travel.

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.

trait

(1) Fixed denomination All kinds of traveler's checks have different fixed denominations, which are similar to cash, such as traveler's checks with denominations of 10, 20, 50, 100, 500, 1000. It can be used sporadically, which is more convenient than bank draft.

(II) Exchange Convenience In order to expand its circulation field, the issuer has designated many exchange institutions in major cities and tourist destinations around the world, which greatly facilitates the exchange of tourists. When traveling with traveler's checks, ticket holders can not only exchange tickets at the issuing bank's agent, but also pay at any time in travel agencies, hotels, airports, stations and other places.

(3) When buying a traveler's check with Ping An Traveler's Check, you need to sign the initial position of the traveler's check in person at the counter of the selling bank as a reserved signature. When withdrawing money, you must sign the countersigning position of traveler's checks in person for the second time at the counter of the paying bank, and the paying bank can make payment only after checking that the initial signing and countersigning are consistent. Therefore, traveler's checks are lost or stolen, which is not easy to be impersonated and safer than carrying cash.

(4) According to the regulations of the issuing agency for loss reporting compensation, travelers' cheques may be lost or stolen, and an application for loss reporting and refund may be filed. As long as the relevant regulations of the card issuer are met, the loss-reporting person can get a refund or reissue a new traveler's check.

(5) Traveler's cheques with long circulation period are mostly used for a long time, and the circulation period is not specified, which has the characteristics of "payment at sight", and the holder can withdraw money immediately at the foreign exchange agency of the issuing institution.