Who can tell me about travel money orders?

Travelers’ checks refer to checks 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 having a fixed denomination. bill. When purchasing, the buyer must initially sign the traveler's check, and when exchanging the traveler's check, the purchaser must re-sign the traveler's check in front of a bank teller.

(1) It has good liquidity, is permanently valid and has no time limit for use. If it cannot be used up, you can keep it for next time or pay a certain fee to exchange it for cash. Even if the traveler's check is accidentally lost, you can get a new traveler's check by going to the designated agency with your passport and purchase contract to report the loss.

(2) The redemption fee is low. Taking China as an example, you only need to pay a handling fee of 0.75% of the redemption amount (deducted in the original currency).

(3) Widely used.

(4) Travelers’ checks are available in multiple currencies, which avoids exchange rate losses caused by exchange.

(1) Currently, the globally accepted types of traveler’s checks include AMERICAN EXPRESS, VISA, MASTERCARD (and THOMAS COOK), etc. These brands can be processed at our bank. Business.

(2) Like cash, traveler’s checks also have different denominations, such as US$20, US$50, US$100, US$500, and US$1,000. > (3) In addition to the most commonly used U.S. dollar travellers’ checks, customers can also buy travellers’ checks issued by American Express in euros, pounds, yen, Australian dollars and other currencies at Bank of China as needed, avoiding the exchange rate caused by exchanging local currencies. Loss.

(4) The cost of purchasing traveler's checks is usually 1%-0.5% of the purchase amount, and a currency exchange fee will be charged when purchasing in foreign currency cash.

(5) According to regulations, individual customers can use their personal foreign exchange accounts or personal foreign exchange purchases to purchase foreign currency traveler's checks within the limit with their valid identity documents, passports with valid visas for the countries or regions they are traveling to, or passes for Hong Kong and Macao.