Summary: Discover what denominations traveler's checks come in, fees associated with traveler's checks, and where you can purchase them.
Tags: What demonimation traveler's checks, where to purchase travelers checks, fees associated with travelers checks
Traveler's checks are generally sold in denominations of $20, $50, $100 and are usually sold in pads.
More Info: Traveler's checks can be purchased in several currencies such as U.S. dollars, Pounds Sterling, Euro, Australian dollars, Canadian dollars, and Japanese yen. American Express and Visa sell their US currency traveler's checks in denominations of $20, $50, $100, $500, and $1,000.
Where Can You Purchase Traveler's Checks?
You can purchase traveler's checks through American Express, AAA, Ciricorp, and many other banks. One of the most popular locations to purchase travelers checks is American Express. Traveler's checks purchased through American Express are the types that are most widely accepted. American Express sells traveler's checks without fees to individuals that hold most types of their credit cards. AAA is another great choice because they sell American Express travelers checks without fees.
What Fees Are Associated with Traveler's Checks?
There are two main fees associated with traveler's checks, but with a little planning, they can be avoided. The first fee is the purchase fee, usually a set price based on the number of checks issued. If you are a member of a local credit union or if you purchase checks of the same brand with your credit card, these fees are often waived. The second fee is a possible re-issuance fee. This is charged when you need replacement checks. Check with your financial institution before purchasing, to find out if it is their policy to charge a re-issuance fee.