Where Can You Still Buy Traveler’s Checks?

Traveler’s checks are a prepaid, fixed-amount payment method once widely used as a secure alternative to carrying cash. They offer a safer way to manage funds, especially when traveling internationally, as they can typically be replaced if lost or stolen.

Where to Purchase

Although their use has declined with the rise of electronic payment methods, traveler’s checks can still be purchased, though availability varies significantly. Traditional financial institutions are the most common places to acquire them. Many banks, including major and local establishments, may still offer traveler’s checks.

Credit unions also represent a viable option for purchasing traveler’s checks, often providing this service to their members. Beyond these primary banking institutions, some specialized financial service providers or travel-related organizations might still facilitate the purchase.

American Express, historically a prominent issuer, still honors previously issued checks, and Visa also issues traveler’s checks through various partner banks. However, the overall trend points to a reduced number of outlets offering these checks. It is recommended to call ahead to any potential purchasing location to confirm availability and procedures.

What You Need to Buy Them

Before heading to a location to purchase traveler’s checks, it is important to have specific documents and payment ready. You will need to present a valid form of government-issued photo identification, such as a driver’s license, state identification card, or passport.

In some instances, the issuing institution may also require your Social Security Number (SSN). For payment, accepted methods generally include cash, a debit card linked to your bank account, or direct funds from your checking or savings account.

How the Purchase Works

Once you arrive at the financial institution with your identification and payment, the purchase process begins by approaching a teller or designated agent. You will then present your valid government-issued photo identification and any other requested personal information. This allows the institution to verify your identity and comply with their internal procedures.

Next, you will specify the denominations of the traveler’s checks you wish to purchase, such as $20, $50, or $100 checks, and the total monetary value you intend to acquire. After confirming the amounts, you will provide payment using your chosen method, whether it is cash, a debit card, or funds directly debited from your bank account. The agent will then issue the checks.

A crucial step in the transaction is signing each traveler’s check immediately upon receipt. You will typically sign the top signature line on each check in the presence of the agent. This initial signature is a security feature, designed to prevent unauthorized use if the checks are lost or stolen. Finally, you will receive a purchase agreement or receipt, along with a separate list of all the serial numbers for the checks you purchased. Keep this record of serial numbers separate from the checks themselves, as it is needed for reporting and replacing lost or stolen checks.

Costs and Available Amounts

The cost associated with purchasing traveler’s checks typically involves a service fee, which can vary by issuer and location. This fee is commonly structured as a percentage of the total amount purchased, often ranging from 1% to 4%. Alternatively, some institutions might charge a flat fee per check or per thousand dollars.

Some financial institutions, particularly for their account holders, may offer traveler’s checks with reduced or no fees. Traveler’s checks are generally issued in fixed, convenient denominations. Common available amounts typically include $20, $50, $100, and $500, with some issuers also offering $1,000 denominations. Before making a purchase, inquire with the issuing institution about their specific fee structure and available denominations.