Close this search box.

Table of Contents

Traveler’s Check


A traveler’s check is a preprinted, fixed-amount check designed to allow the person signing it to pay for goods and services in foreign countries. Issued by banks or financial institutions, it serves as a safe and convenient alternative to carrying cash, especially while traveling. If lost or stolen, a traveler’s check can be replaced by the issuing organization.


The phonetics of the keyword “Traveler’s Check” would be /ˈtrævələrz tʃɛk/.

Key Takeaways

Sure, here is the requested information in HTML numbered format:“`html

  1. Traveler’s checks are preprinted, fixed-amount checks designed to allow the person signing them to make an unconditional payment to someone else as a result of paying the issuer for that privilege.
  2. They are often used by individuals traveling internationally as a safeguard against theft or loss. In case the checks get stolen or lost, issuers provide replacements.
  3. Most of the financial institutions and merchant establishments around the world accept traveler’s checks. However, their usage has declined with the advent of prepaid foreign currency cards and digital financial solutions.



A traveler’s check is critical in business and finance as it serves as a safe and convenient form of payment, especially for international travelers. It is a preprinted, fixed-amount check that is trusted worldwide as a secure form of currency. Since it can be replaced if lost or stolen, it provides a considerable level of financial security to the users. Furthermore, unlike cash, the use of a traveler’s check can be tracked, making it easier for businesses and individuals to monitor and control their spending. Therefore, it is an essential financial instrument for managing travel-related expenses, providing safety, traceability, and convenience in transactions for both consumers and businesses.


A traveler’s check is a medium of exchange that can be used in place of hard cash, particularly during travel. It serves as a secure and convenient way to carry “money” on vacations or business trips, even internationally. The major benefit of using a traveler’s check over carrying a large amount of cash is the safety-net feature: if lost or stolen, it can be replaced, reducing the traveler’s risk of loss.In terms of its usage, a traveler’s check works much like a regular check. A traveler purchases the checks in their home country in their own currency. They can then use these checks abroad, where it is often accepted like cash at hotels, restaurants, and retailers, or it can be exchanged at a local bank for the local currency. However, unlike regular checks, traveler’s checks require two signatures: one at the time of purchase, and the second at the time of use, ensuring further security.


1. American Express Traveler’s Checks: One of the most well-known entities providing traveler’s checks, American Express has historically been a go-to for people travelling abroad. Purchasing these checks from American Express offers protection if they are lost or stolen while travelling, with its immediate replacement guarantee. 2. Thomas Cook Traveler’s Checks: Another major provider, Thomas Cook, has provided traveler’s checks as an alternative to carrying large amounts of cash while travelling. The company issues these checks in various currencies, which can be cashed or used as payment in different countries.3. Visa Traveler’s Checks: Visa has also offered traveler’s checks, providing an added security measure against lost or stolen checks. Visa’s traveler’s checks can be used in the same way as a debit or credit card in places where Visa cards are accepted, giving travelers an added convenience and flexibility.These are examples that existed historically. However, it should be noted that the use of traveler’s checks has significantly declined with the increase in usage and acceptance of credit/debit cards and digital payment platforms. Nowadays, many businesses and banks don’t even accept traveler’s checks anymore.

Frequently Asked Questions(FAQ)

What is a Traveler’s Check?

A Traveler’s Check is a preprinted, fixed-amount check 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. It is often used as a safer alternative to carrying large amounts of cash when traveling.

Who issues Traveler’s Checks?

Major financial institutions such as banks and credit companies like American Express issue Traveler’s Checks.

How safe are Traveler’s Checks?

Traveler’s Checks are considered safer than carrying cash because if they are lost or stolen, they can be replaced by the issuing company. Most companies offer 24/7 assistance for this.

How do I use a Traveler’s Check?

To use a Traveler’s Check, you would sign it in the presence of the person you’re paying. They will verify the match between that signature and the one you made when you purchased the checks.

Are there any fees associated with Traveler’s Checks?

Some issuers do charge a fee for issuing Traveler’s Checks. It’s best to check with the institution before purchasing.

Can I use Traveler’s Checks anywhere?

Generally, Traveler’s Checks can be used at any location that accepts checks. However, their acceptance has declined with the rising use of credit and debit cards and may not be accepted everywhere.

Can Traveler’s Checks expire?

No, Traveler’s Checks do not expire. You can use them indefinitely until they are cashed.

How can I replace a lost or stolen Traveler’s Check?

You can get your lost or stolen Traveler’s Checks replaced by contacting the issuer, provided that you have a record of their serial numbers and proof of purchase.

What denominations do Traveler’s Checks come in?

Common denominations for Traveler’s Checks include $20, $50, $100, $500, and sometimes $1,000. The denominations available can vary based on the issuer.

Can I cash a Traveler’s Check at any bank?

While most banks will cash Traveler’s Checks, it is always safest to check with the specific institution. Some banks may only cash checks for their own customers.

Related Finance Terms

  • Foreign Exchange
  • Bank Endorsement
  • Currency Conversion
  • Signature Verification
  • Lost or Stolen Replacement

Sources for More Information

About Our Editorial Process

At Due, we are dedicated to providing simple money and retirement advice that can make a big impact in your life. Our team closely follows market shifts and deeply understands how to build REAL wealth. All of our articles undergo thorough editing and review by financial experts, ensuring you get reliable and credible money advice.

We partner with leading publications, such as Nasdaq, The Globe and Mail, Entrepreneur, and more, to provide insights on retirement, current markets, and more.

We also host a financial glossary of over 7000 money/investing terms to help you learn more about how to take control of your finances.

View our editorial process

About Our Journalists

Our journalists are not just trusted, certified financial advisers. They are experienced and leading influencers in the financial realm, trusted by millions to provide advice about money. We handpick the best of the best, so you get advice from real experts. Our goal is to educate and inform, NOT to be a ‘stock-picker’ or ‘market-caller.’ 

Why listen to what we have to say?

While Due does not know how to predict the market in the short-term, our team of experts DOES know how you can make smart financial decisions to plan for retirement in the long-term.

View our expert review board

About Due

Due makes it easier to retire on your terms. We give you a realistic view on exactly where you’re at financially so when you retire you know how much money you’ll get each month. Get started today.

Due Fact-Checking Standards and Processes

To ensure we’re putting out the highest content standards, we sought out the help of certified financial experts and accredited individuals to verify our advice. We also rely on them for the most up to date information and data to make sure our in-depth research has the facts right, for today… Not yesterday. Our financial expert review board allows our readers to not only trust the information they are reading but to act on it as well. Most of our authors are CFP (Certified Financial Planners) or CRPC (Chartered Retirement Planning Counselor) certified and all have college degrees. Learn more about annuities, retirement advice and take the correct steps towards financial freedom and knowing exactly where you stand today. Learn everything about our top-notch financial expert reviews below… Learn More