vellers'cheque
Security and cheques
Travellers' cheques are still a relatively common form of payment for overseas Tourists to use though they are to some extent being replaced by the use of credit and debit cards. Many organistions accept them, especially in tourist areas. Occasionally there will be a surcharge for using them.
Set against a background of working in the Hospitality industry, these pages aim to help you accept payments by cheque.
Whilst different organisations have different policies and procedures, general rules are still useful to learn and apply.
What are travellers'cheques?
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A travellers' cheque are the equivalent to cash but are more secure in that the person using them will be refunded if they are stolen. The have a value in the currency they were issued.
Travellers' cheques are issued by financial institutions such as Banks, Building and Saving Societies, Post Offices etc. and by some travel agents.
People use travellers' cheques rather than carry around large quantities of cash because of the reduce security risk.
a normal crossed blank cheque
How to complete a Travellers' cheque
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The Diagram below shows what needs to filled in on a normal cheque:
These are the main features of a Travellers' cheque:
In some cases cheques are printed by the register and returned to the customer for signature.
How to accept a payment by Travellers' cheque
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In most cases to accept a Travellers' cheque the customer must produce a passport. This will show the identity and signature of the custome