traveler's cheques

Traveler's cheques are prepaid instruments issued by financial institutions, allowing users to carry a fixed amount of money when traveling internationally. They function as a secure alternative to cash, offering protection against loss or theft since they can be replaced if reported promptly. To use, travelers sign them upon purchase and again at the point of use, helping verify their authenticity. They are accepted at banks, hotels, and exchange offices in many countries. Although less common today due to digital payment options, traveler’s cheques remain a reliable, low-risk option for managing funds abroad.