What are the Advantages of Travelers Checks?
Travelers checks are financial drafts that are issued by banks and selected other financial institutions. While debit cards and similar options are often used today by many people who travel for work or pleasure, the travelers check is very much alive and well. In fact, there are a few advantages to travelers checks that make them the best option in many situations. Here are a few examples. One of the most important benefits of using travelers checks is that it is virtually impossible to use a stolen travelers check. This is because the checks are signed at the time of purchase, and then must be countersigned when they are redeemed with a vendor or bank. Since the likelihood that it would be possible to replicate the original signature without hesitation, thieves do not find the checks as attractive as credit or debit cards. Travelers checks can also allow the international traveler to take advantage of attractive rates of exchange. This is because many services will issue the checks i
