HomeEducation Education Ways students can carry money abroad: #4 Travellers cheque Ways students can carry money abroad: #4 Travellers cheque

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Ways students can carry money abroad: #4 Travellers cheque

Ways students can carry money abroad: #4 Travellers cheque

Thursday, June 29, 2017, 7:32 PM

Among the oldest options, Travellers cheque is a secure way of carrying out forex transactions. TCs are available in all major currencies. They cannot be used by others in case of theft/loss. They also offer better exchange rates than cash. TCs also do not have an expiry-date. The downside is that they can be encashed only at a limited number of authorised dealers.
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