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Thread ID: 63917 2005-11-26 20:53:00 Best Deal on Traveller's Cheques? Strommer (42) PC World Chat
Post ID Timestamp Content User
407969 2005-11-26 20:53:00 Usually when I travel overseas I do not bother with traveller's cheques, but this time I'll need them for the places I am going. Anyone know the best deal to get traveller's cheques? BNZ quoted me a 1% fee - anything better?

Thanks.
Strommer (42)
407970 2005-11-26 21:57:00 Have you rung any banks? Gone to any bank sites for info? Speedy Gonzales (78)
407971 2005-11-26 22:27:00 Probably unlikely to do much better, the real issue is not the fee this end but the fee when they are cashed, can make chasing a "deal" at the purchase end to get a fraction of a % a bit irrelevant overall.

As far as I know all major institutions here are 1% with a minimum of $10
godfather (25)
407972 2005-11-26 22:40:00 I think the charges depend on the value of the TC's you're buying. My last purchase was thru' Trust Bank as agents for Thomas Cooks and there were NO charges at the other end when they were cashed at Tommy Cook branches throughout the U.K. :D Dusty (3931)
407973 2005-11-26 22:45:00 American Express travellers cheques are the way to go.
Check on the location of the American Express travel offices before you leave so you can cash them without getting charged a fee

There are currently over 65,000 locations around the world where you can cash your American Express Travellers' Cheques fee-free.
Safari (3993)
407974 2005-11-27 01:38:00 American Express travellers cheques are the way to go.
Check on the location of the American Express travel offices before you leave so you can cash them without getting charged a fee

There are currently over 65,000 locations around the world where you can cash your American Express Travellers' Cheques fee-free.

It was not the charge at time of cashing (is there ever a charge?) but at the time of getting the TC's. With AmEx, do you have to be an AmEx card holder to get the TC's, and isn't there a fee for getting the TC's in the first place?
Strommer (42)
407975 2005-11-27 03:01:00 Amex travellers cheques have nothing to do with Amex CC. Many banks supply American Express cheques and yes you will be charged to cash them unless you do so at an American Express travel office which are easily found everywhere.

You have already been quoted the fee for issue of the cheques which as GF said is about normal.
Safari (3993)
407976 2005-11-27 07:49:00 Thanks Safari.

Sometime earlier this year I thought a TV advert for a bank claimed that such and such TC's were issued free of charge. Guess I will ring all banks but was hoping someone here would remember.
Strommer (42)
407977 2005-11-27 08:23:00 Make sure the bank you use is well known were you are going. A friend had trouble in cashing some, I think they were westpac, travellers checks in the USA even though they were in US$ tutaenui (1724)
407978 2005-11-27 18:20:00 Make sure the bank you use is well known were you are going. A friend had trouble in cashing some, I think they were westpac, travellers checks in the USA even though they were in US$

Thanks - good advice. But then again, (aside from AmEx TC's) which bank would be "well known" in places other than Oz? Maybe Bank of New Zealand would at least look impressive. I am not going to the USA, which is good since most people there are not aware that any other country exists :lol: that does not touch their borders i.e. Mexico and Canada. I remember years ago when I was in the USA, using a BNZ Visa credit card with my photo on it. The check out girl was so impressed with the photo (yep thats right - we had credit card photos before the Yanks) that she called the supervisor over.... then they asked where New Zealand was and I told them up in New England on the east coast and of course they believed me! :D

BTW, I'll be going to India, Malaysia, Singapore, China and probably Bali. Most places should be no problem with $$ except probably China, but I don't want to rely on using a credit card, especially for getting cash.
Strommer (42)
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