My friend said she was thinking of taking travelers checks to England next month-I was negative about it until she said they could be in pounds.......any feedback/experience or thoughts on that???
Doesn't matter if they're in pounds, euros, dollars or ducats. Travelers checks are an anachronism. Honestly, they're a complete waste of time, effort and money. Why not just use an ATM?
TC's are so last century. ATM's are ubiquitous in England and give the best rate of exchange, no doubt better than the seller of TC's in £'s will give you. You'll have no trouble getting cash when you need it.
I would agree that you should not waste your time and money with travelers checks. Please use a debit card attached to a checking account with a four digit pin from a credit union or a bank with minimal fees at the numerous ATMs available. Do not use travelers checks, regardless of what currency they are in. You will most likely not be able to cash them in once in England and will pay a hefty fee for the conversion to pounds stateside.
The denominations are irrelevant, very few places accept travelers check anymore. Those that do impose huge fees to cash them. http://www.youtube.com/watch?v=Ur7NgbJ1G30
Don't. The transition from the absolutely-take-travelers-checks to nobody-including-banks-will-cash-them happened very quickly! There wasn't a lot of 'phasing-in/phasing-out' time. It's ATMs all the way, now. Make sure you take at least two ATM cards, because sometimes one won't work (you'll have to ask the gods why), make sure your ATM has a 4-digit 'NUMERICAL' PIN (no letters), and be sure to let your bank know when and where you'll be going. Otherwise, they'll think your card has been stolen, and you'll be cut off from your funds while overseas! No Travelers Checks. Unless you really need some expensive note paper...
Thanks! Like I said, I was negative to my friend on the "travelers checks", but when she said she was getting them in "pounds" -I started second guessing myself!
If you feel more comfortable taking travellers checks, consider getting them AmEx chekcks in pounds (or dollars) and cashing them at AmEx offices. I was advised to do this by a London bank- the banks charge a fee but AmEx cashed their own checks without a fee
Are the existing Am. Express offices open 24 hours a day and on weekends and holidays? ATMs are the only answer. To resist is futile!
joanne, I'd suggest NOT using Traveller's Cheques of any kind, as they're an outdated and archaic method of providing travel funds. Even if you can find a location to cash them without huge fees or terrible exchange rates, it will be a more time consuming method to obtain cash. ATM cards are by far the best method. If your friend decides to use ATM cards, it's a good idea to carry a "backup" card in case of problems with the primary card. Also, travel funds must usually be in a chequing account with a four-number PIN. It's also a good idea to review daily withdrawal limits with the Bank(s) and of course notify them that she'll be travelling so they don't "freeze" the card when they detect a change in spending patterns. Cheers!
If they are worried about carrying cash and don't mind paying a fee travelex has a mastercard in Euros or Pound Sterling you can buy. It is a chip and pin card so works anywhere in Europe. http://www.us.travelex.com/US/Products/Cash-Passport/
Don't bother with travelers checks. ATM's are everywhere, and American Express offices are not.
Traveling with traveler's checks is like arranging to contact home via poste restante or sending your friends a telegram to let them know you arrived okay. So last century... Smart travel tips have a short shelf life these days.
Good luck finding an AMEX office in Europe these days...they used to be everywhere. No more.
Joanne, If you do indeed get Amer. Express Travellers' Checks. their office in Paris and Vienna is still at the same site where it has always been, ie., since I first saw them in the early 1970s. I don't know about London. Aside from Am. Ex. you could get checks from Thomas Cook; their outlets may be more prevalent.
Tex says, ATM's are ubiquitous in England How ubiquitous? I live in a small to medium village of about 1300 houses. We have an ATM at the petrol station. We have another ATM at the other petrol station. We have 3 ATMs at the banks. There's another at the local small supermarket. We have even got an ATM at the news agents/post office. That's 7, or one for every 185.7 houses. Is that ubiquitous enough?