Question 1: What is a traveler’s check? Travelers' checks are a very fashionable thing nowadays, which sounds exciting, but in fact few people know what a traveler's check is, and even fewer people actually use it. However, everyone who has used it will be familiar with it. Convenience and security greatly complimented. Travelers' checks are actually bills of fixed denomination issued by banks or travel companies to facilitate travelers to safely carry and pay travel expenses during travel. They are generally issued by well-known banks or travel agencies and entrusted to the bank or travel agency on their behalf. Sales and sales funds are transferred to the entrusting bank on a daily or regular basis. It can provide convenient services for the daily payment of Chinese people going abroad and foreign people coming to China. Not only business travel, travellers' checks are now also widely used in private travel.

Question 2: Does anyone know what a traveler’s check is? Hello What is a traveler's check? Foreign currency traveler's checks refer to bills sold by domestic commercial banks on behalf of domestic commercial banks, printed by overseas banks or specialized financial institutions, with the issuing institution as the final payer, using freely convertible currency as the pricing and settlement currency, and with a fixed denomination. Domestic residents must sign the check themselves when purchasing, and only need to sign again when exchanging. What are the characteristics of travellers' checks? First, travellers' checks are very much like cash. They have good liquidity, are permanently valid and have no time limit for use. If you can't use them all, you can keep them for next time or pay a certain fee to exchange them for cash. At the same time, there is no need to worry even if the traveler's check is lost. Just go to the designated agency with your passport and purchase contract to report the loss, and you can get a new traveler's check. Second, the handling fee for purchasing and using travellers' checks is low. You only need to pay a handling fee of 0.75% (for example, in China); it is even free in the United States. Third, the use of travellers' checks is not restricted by communication conditions like credit cards. Fourth, travelers’ checks are available in multiple currencies, which avoids exchange rate losses caused by exchange. In short, travellers' checks have matured and have very significant advantages in terms of convenience and security, and can be a useful supplement for "card owners". How to choose and buy suitable traveler's checks. Currently, the globally accepted types of traveler's checks include AMERICAN EXPRESS, VISA, THOMAS COCK, etc. The above-mentioned traveler's checks with the words "Bank of China" printed on them can be purchased at more than 800 stores around the world. You can exchange traveler's checks at cashing banks, or use them directly in large shops and hotels in various countries. Like cash, travelers' checks come in different denominations. Take U.S. dollar checks as an example, they are divided into 20 yuan, 50 yuan, 100 yuan, 500 yuan, and 1,000 yuan. In addition to the most commonly used U.S. dollar travelers' checks, customers can also buy travelers' checks in euros, pounds, yen, Australian dollars and other currencies at Bank of China Shanghai Branch as needed, avoiding unnecessary exchange rate losses caused by exchanging local currencies. . According to regulations, domestic resident individuals can use funds in foreign exchange deposit accounts or foreign currency cash to purchase foreign currency traveler's checks, and they can also use funds in RMB accounts or RMB cash to purchase foreign currency traveler's checks. Residents of this city can use funds in their foreign exchange accounts at major banks to purchase travel equivalent to less than US$10,000 (including US$10,000) with their valid identity certificates, passports with valid visas for the countries or regions they are traveling to, or passes for Hong Kong and Macao. Cheque. If there is no foreign currency, citizens can go through the procedures for purchasing traveler's checks in RMB in accordance with the "Implementation Rules for the Administration of Individual Foreign Exchange Purchases by Domestic Residents" and other relevant regulations within the amount of foreign exchange for private purposes. Thank you

Question 3: What is a traveler’s check and what are its characteristics? It refers to bills with a fixed denomination that are sold by domestic commercial banks on behalf of domestic commercial banks, printed by overseas banks or specialized financial institutions, with the issuing institution as the final payer, and freely convertible currency as the pricing and settlement currency. Domestic residents must sign the check themselves when purchasing, and only need to sign again when exchanging.

First, travellers’ checks are very much like cash. They have good liquidity, are permanently valid and have no time limit for use. If you can’t use them all, you can keep them for next time or pay a certain fee to exchange them for cash. money. At the same time, there is no need to worry even if the traveler's check is lost. Just go to the designated agency with your passport and purchase contract to report the loss, and you can get a new traveler's check.

Secondly, the handling fee for the purchase and use of traveler's checks is low. You only need to pay a handling fee of 0.75% (for example, in China); it is even free in the United States.

Thirdly, the use of travellers' checks is not restricted by communication conditions like credit cards.

Fourth, travelers’ checks are available in multiple currencies, which avoids exchange rate losses caused by exchange.

Question 4: Which banks in China can issue traveler’s checks? How about traveler’s checks from Bank of China? Bank of China provides services for purchasing and cashing travellers' checks, with low fees, numerous acceptance outlets and brands, and flexible methods. Organized by Xicai.com.

Purchase of Travelers' Checks

At Bank of China, the cost of purchasing Travelers' Checks is usually 1%-0.5% of the purchase amount. If you purchase with foreign currency cash, you will need to pay the difference in exchange rate.

Traveler's Check Cashing

Bank of China's Traveler's Check Cashing has four major advantages:

1. Numerous acceptance outlets

More than 2,000 Domestic branches and most overseas branches can handle traveler's check exchange services; Bank of China's domestic foreign currency exchange agencies can also provide traveler's check exchange services for RMB.

2. Accept many brands

Bank of China accepts 149 types of traveler’s checks issued by 17 traveler’s check issuers, including American Express, Travelex, VISA, MASTERCARD, etc. Branded traveler's checks can be cashed at our bank.

3. The acceptance method is flexible

Generally, if the holder holds a valid ID and a bill that is intact and conforms to the initial re-signing, our bank can handle certain procedures for you at designated outlets. Foreign exchange purchase business for traveler's checks below the amount; if the amount exceeds the prescribed limit, Bank of China will handle clean check collection for you.

4. Low acceptance fee

Question 5: Advantages of travellers’ checks: Full denominations: For example, the maximum denomination of US dollars is US$1,000, and the minimum denomination is US$20. Various currencies: People can choose different currencies according to the different regions they are going to. Easy to use: It can be exchanged for cash at major banks and exchange outlets around the world; it can be paid directly in international hotels, restaurants, schools and other consumption places without paying any fees; it can be used completely like cash in the United States, and you can even buy a newspaper . Safety is more guaranteed: If a traveler's check is accidentally lost or stolen, you can report the loss, make a claim and make emergency compensation; in the event of an accident, you can also apply for medical and other emergency assistance services provided by the traveler's check issuing agency. No expiry date: Travelers' checks are permanently valid. If they are not used up after one purchase, they can be reserved for the next time you leave the country. Reasonable fees, easy to enjoy convenience and security

Question 6: How to use traveler’s checks The currency that people going abroad usually bring is US dollars. Carrying a large amount of cash may be easier to use, but there is a risk of theft. The author believes that it is best to bring a small amount of cash and use traveler's checks for the rest. Commonly used ones include American Express, Thomas Cook, etc.

1. Purchase: Available at Bank of China Beijing Branch (next to Asia Pacific Building on East Second Ring Road). You need to bring your passport, ID card and US dollars when purchasing. The handling fee is 4% of the currency sold. . 2. Use: After buying the check, you must sign in the designated place of each check in front of the bank staff (it should be consistent with the autograph on your passport). When you go to the bank to exchange cash, show your passport and sign in the designated column of the check in front of the bank staff. It must be exactly the same as the original signature. 3. How to prevent theft: Write down the check number you purchased, keep one copy at home and the other with you. After each redemption, record the location and amount of redemption. If a check is lost or stolen, report it as lost immediately to the local check exchange office and it can be replaced. 4. How to return a check: If the check is not used up, you can go to the bank to exchange it for cash in the same currency, but you must pay a 0.75% handling fee. 5. Please note when using it abroad: ① In the United States, American Express US dollar checks can be used like cash. In Europe, they must be exchanged for cash at an exchange office before they can be used. ②The exchange rate for travellers’ checks is higher than that of cash. ③When exchanging, most places also charge a handling fee. ④The West has a free exchange rate, and each country, city, bank, and even different branches of the same bank have different exchange rates and handling fees. Generally speaking, exchange offices at airports, train stations, and hotels have low exchange rates and high handling fees; large banks or American Express exchange offices have high exchange rates and low handling fees. The exchange rate written in a conspicuous place on the outside of some small exchange offices in the Netherlands is the buying price, which is relatively high, making people mistakenly think it is the selling price; some are only expressed in local words without using percentages, which is easy for tourists to misunderstand.

Question 7: What is an electronic traveler's check? Electronic checks are an electronic payment tool commonly used in online banks. Electronic checks, like paper checks, are a legal method of payment. It uses digital signatures and automated verification technology to determine its legitimacy.

An electronic check is an electronic alternative to a paper check. Like a paper check, it is a legal method of payment and uses digital signatures and automatic verification technology to determine its legitimacy. The electronic check displayed on the monitor screen looks very much like a paper check and is filled out in the same way. In addition to the necessary payee name, account number, amount and date, the check also contains encrypted information. Electronic checks can be sent directly through electronic mail. Send it to the payee. The payee takes out the e-check from the email box and signs the received confirmation information with an electronic signature. Then the e-check is sent to the bank via e-mail and the money is deposited into his or her account.

Question 8: Selection of travellers’ checks Purchase suitable travellers’ checks. Currently, the globally accepted types of traveler's checks include American Express (AMERICAN EXPRESS), VISA, Travelex, MASTERCARD, Citi and other brands, and the above-mentioned traveler's checks with the name of Bank of China can be redeemed at more than 800 traveler's check cashing banks around the world. , or used directly in large shops and hotels in various countries. Among them, American Express Traveler's Checks can be purchased at more than 2,000 bank branches in mainland China. Cooperating banks include Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Everbright, CITIC, and Communications. It is recommended to make phone inquiries before purchasing. Like cash, travelers' checks come in different denominations. Take U.S. dollar checks as an example, they are divided into 20 yuan, 50 yuan, 100 yuan, 500 yuan, and 1,000 yuan. In addition to the most commonly used U.S. dollar travelers' checks, customers can also buy travelers' checks in euros, pounds, yen, Australian dollars and other currencies at Bank of China Shanghai Branch as needed, avoiding unnecessary exchange rate losses caused by exchanging local currencies. . Among them, American Express traveler's checks are currently issued in 7 currencies and more than 20 denominations in mainland China, including US dollars, euros, Canadian dollars, Australian dollars, and Japanese yen. According to regulations, domestic resident individuals can use funds in foreign exchange deposit accounts or foreign currency cash to purchase foreign currency traveler's checks, and they can also use funds in RMB accounts or RMB cash to purchase foreign currency traveler's checks. Residents of this city can use funds in their foreign exchange accounts at major banks to purchase travel equivalent to less than US$50,000 (including US$50,000) with their valid identity certificate, passport with valid visa for the country or region they are traveling to, or pass for Hong Kong and Macao. Cheque. If there is no foreign currency, citizens can go through the procedures for purchasing traveler's checks in RMB in accordance with the "Implementation Rules for the Administration of Individual Foreign Exchange Purchases by Domestic Residents" and other relevant regulations within the amount of foreign currency exchange for private purposes.

Question 9: Under what circumstances does a traveler’s check need to be re-signed? When you go to the bank to cash it, you are required to sign where the traveler’s check is drawn. If you have signed it in advance, you have to sign it again in front of the bank. Once, re-sign on the back.

Question 10: What are the relevant regulations for personal traveler’s checks? Travelers’ check is a fixed-denomination note issued by a bank or travel company to facilitate travelers to carry it safely and pay travel expenses during travel.

When purchasing, you must sign the check. When redeeming, you only need to sign again.

Since bank staff will carefully check the customer's passport and two signatures when redeeming travellers' checks, it is difficult for a lost check to be used fraudulently, and the owner can immediately report the loss to protect his or her rights. .

Characteristics of traveler's checks

1. It is as convenient and easy to use as cash, but there is no worry about the loss or theft of cash. Travelers' checks are very similar to cash. They have good liquidity, are permanently valid and have no time limit for use. If they cannot be used up, you can keep them for next time or pay a certain fee to exchange them for cash. But travellers' checks have advantages that cash does not have. Even if they are lost, you don't have to worry. Just go to the designated agency with your passport and purchase contract to report the loss, and you can get a new traveler's check. This is like buying insurance for your cash. Similar. Take American Express travelers checks as an example. It has 100,000 service points around the world that can handle claims.

2. Compared with the high handling fees for credit card cash withdrawals, the purchasing and use of traveler's checks have low handling fees.

There is no additional fee for credit card consumption, but when you borrow cash in advance, you have to pay a high handling fee (usually 3% to 4%); when you cash a traveler's check, you only need to pay a handling fee of about 0.5~1%; American Express travellers' checks are an example. They have 75,000 exchange points around the world and there is no handling fee for exchanging travellers' checks!

3. Unlike credit cards, the use of travellers' checks is not restricted by communication conditions (because it is necessary to be able to swipe the card) Need to be able to connect to the bank). Although the environment for using credit cards continues to improve, in areas and countries with underdeveloped communication facilities, there will be inconveniences in which credit cards cannot be used. Theft of credit cards makes card users even more uneasy. Newspapers have also published news about credit cards being stolen overseas.

4. Travelers’ checks are available in multiple currencies to avoid exchange rate losses caused by exchange. Most credit cards on the market today use US dollars as the settlement currency. For example, if you use a credit card to make purchases in Europe, although there is no handling fee, due to the volatile exchange rates of the U.S. dollar and the euro, the actual losses caused by the price difference are also considerable. You don't have to worry about this when you use traveller's checks in Euros. Who is suitable to buy travellers' checks? Travelers' checks are a very good choice for people who occasionally go abroad. For the elderly and students studying abroad, safe and reliable traveler's checks can save them a lot of trouble in a foreign country. In situations where a large amount of cash payment is required, the advantages of travelers checks are even more obvious.