How To Handle Foreign Currency Traveller'S Checks?

First, make sure it is effective.

It can also be purchased from foreign exchange deposits or foreign currency notes.

Foreign currency traveller's check: a bill issued by a domestic commercial bank, which is printed by an overseas bank or a specialized financial institution, with a issuer as the final payer and a convertible currency as the currency of valuation and settlement and a fixed denomination.

When a resident is buying, he must sign his cheque, and only sign it again when changing money.

The circular issued by the State Administration of foreign exchange on issues related to the management of foreign currency traveller's checks and consignment was formally implemented yesterday.

How can domestic residents purchase foreign currency traveler's checks? What role can traveller cheques play in pnational business? The reporter interviewed the head of the retail business department of Shanghai branch of Bank of China.

Traveller's checks have the same liquidity as cash and are permanent.

If you can't use it, you can reserve it for the next time, or pay a certain fee for the cash, and you don't have to worry about losing the traveler's check. You can get a new traveler's check if you go to the designated organization by passport and purchase contract. Compared with the credit card, the traveler's check will only be charged (0.75% in the domestic case), which is sometimes free in the United States, and the charge for the credit card will now be 3%-4%.

Travellers' checks are a good choice for those who occasionally go abroad.

Especially for the old people and students studying abroad, choosing traveler's checks can save a lot of trouble.

The advantage of traveler's checks is more obvious when large amount of cash is needed.

Variety of traveller's checks

At present, all kinds of traveler's checks in the world include AMERICAN EXPRESS, VISA and THOMASCOCK. The above traveler's cheques printed with the words of the Bank of China can be exchanged on behalf of more than 800 travellers' checks in the world or directly used in large shops and guest houses in various countries.

Traveler's checks have different faces.

Take the US dollar check as an example, it 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 travellers' cheques in euros, pounds, yen, Australian dollars and other currencies in Shanghai branch of the Bank of China, as required, avoiding unnecessary exchange rate losses caused by the exchange of local currency.

Purchase of traveler's checks

According to the Circular of the safe, domestic residents may purchase foreign currency traveler's checks in funds or foreign currency notes in foreign exchange deposit accounts, or in foreign currency travellers' checks in Renminbi or in Renminbi.

The residents of this Municipality may, on the basis of their valid identity cards, complete their passports valid for entry to the country or region, or pass to Hong Kong and Macau, purchase the equivalent traveler's checks in the foreign exchange account with major banks such as the Bank of China. If they are purchased with foreign currency cash, they also need to provide proof of their legitimate foreign exchange sources, such as bank withdrawals, etc.