Foreign currency traveler's checks refer to fixed denomination bills issued by domestic commercial banks, printed by overseas banks or professional financial institutions, with the issuer as the final payer and the freely convertible currency as the pricing and settlement currency. Domestic residents must sign the check in person when purchasing, and only need to sign it again when exchanging.

Buy Appropriate Traveler's Checks At present, the popular traveler's checks in the world are American Express, VISA, Tongji Long, MasterCard, Citigroup and other brands. The above traveler's checks printed with the words Bank of China can be exchanged in more than 800 remittance banks around the world, and can also be directly used in large shops and hotels in various countries. Among them, American Express traveler's checks can be bought at more than 2,000 bank outlets in Chinese mainland. Cooperative banks include ICBC, BOC, CCB, China Everbright, CITIC and Bank of Communications. It is recommended to make an inquiry by telephone before purchasing. Like cash, traveler's checks have different denominations. Take the US dollar check as an example, which is divided into 20 yuan, 50 yuan, 100 yuan, 500 yuan and 1000 yuan. In addition to the most commonly used US dollar traveler's checks, customers can also buy traveler's checks in euros, pounds, Japanese yen, Australian dollars and other currencies at Bank of China Shanghai Branch as needed to avoid unnecessary exchange rate losses caused by exchanging local currencies. Among them, American Express traveler's checks are currently issued in Chinese mainland in seven currencies, including US dollars, euros, Canadian dollars, Australian dollars and Japanese yen, with more than 20 denominations. According to the regulations, domestic residents can buy foreign currency traveler's checks with funds in foreign exchange deposit accounts or foreign currency cash, or they can buy foreign currency traveler's checks with funds in RMB accounts or RMB cash. Residents of this city can use the funds in the foreign exchange cash accounts of major banks to buy traveler's checks with the equivalent of less than 50,000 US dollars (including 50,000 US dollars) with their valid identity certificates, passports with valid national or regional visas or Hong Kong and Macao passes. If there is no foreign currency, citizens can go through the formalities of purchasing traveler's checks in RMB within the foreign exchange limit for private travel and according to the Detailed Rules for the Administration of Foreign Exchange Purchase by Domestic Residents and other relevant regulations.

First of all, traveler's checks are much like cash. They have good liquidity, are permanent and effective, and have no time limit. If you don't use it up, you can keep it for next time, or pay a certain fee to cash it. At the same time, don't worry if you lose your traveler's checks. You can get a new traveler's check as long as you take your passport and purchase contract to the designated institution to report the loss. Secondly, the handling fee for purchasing and using traveler's checks is low, and only 0.75% handling fee is required (taking China as an example); It's even free in America. Third, the use of traveler's checks is not restricted by communication conditions like credit cards. Fourthly, traveler's checks have multiple currency choices, which avoids the exchange rate loss caused by exchange. In a word, traveler's checks have matured and have obvious advantages in convenience and security, which can be a useful supplement to "cardholders"

I suggest you make an appointment with the bank first to avoid running errands.