Traveler's Check

A traveler's check is a prepaid check designed for secure use while traveling. It can be replaced if lost or stolen, offering protection compared to cash.

Travelers checks are signed at purchase and countersigned when cashed or used. Their use has declined with the rise of cards and digital payments.

Related Terms

Money Order

A money order is a prepaid payment instrument issued by a bank, post office, or retailer. It is used...

Check

A check (or cheque in British English) is a written order instructing a bank to pay a specific amoun...

Cashier's Check

A cashier's check is a check guaranteed by a bank, drawn from the bank's own funds rather than a per...

Wire Transfer

A wire transfer is an electronic transfer of funds between banks or financial institutions. Wire tra...

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