Travellers Cheque
A Travellers Cheque is a form of Cheque that can be used as Currency Note or Hard Cash. A Travellers Cheque will need a signature of issuer to become valid. It is issued by a bank for its customer; normally used in foreign business or other trips. It is issued only on Major Currencies of the world. It will have specified denominations unlike a normal cheque. Once signed by the issuer, the Travellers cheque is as good as cash and cant be bounced back. Even if its lost and used by a person, it serves as cash if it is signed. The bank will issue it at a charge.
Also Read
- Read What is Cash?
- Read What is Cheque?
- See What is Banker / Manager Cheque?
- See What is a Pay Order?
- Know What is Account Payee Cheque / Crossed Cheque?
- Know What is Crossing of a Cheque Mean?
- Read What is an Order Cheque?
- Read What is a Bearer Cheque?
- See What is an Open Cheque?
- See What is a Self Cheque?
- Know What is a Post-Dated Cheque?
- Know What is a Pre-Dated Cheque?
- Read What is a Stale Cheque?
- Read What is a Mutilated Cheque?
- See What is Telegraphic Transfer?
- See What is Letter of Credit?
- Know What is a Demand Draft?
- Know What is a Travel Card?
- Read What are the types of Travel Cards?
- Read What is a Branded Credit Card or Debit Card?
Must Know !!
Klip
Klip is a cashless payment system of the United Arab Emirates. It is a digital cash platform that eliminates use of physical cash. Also it is a safe and secure mode of payment method as per the promoters Emirates Digital Wallet. It is by UAE’s Central Bank. You don’t need to carry currency notes, coins or credit cards for making payments or even receiving payments. It is a safe mode of transaction system. Anything and almost everything can be purchased through it by making payments. It is very efficient too. Most importantly it is secure too. You can save money or even transfer too.