Marks & Spencer &More Travellers Cheques

YorkshireBoy

mattih5 wrote:

I'm pretty sure when I read the T&C's, M&S will not buy back their travellers cheques.

Correct...

We do not buy back coins or Sterling Travellers' cheques

http://www6.marksandspencer.com/pages/default.asp?PageId=Quo&Product=TM

Jostick

YorkshireBoy wrote:

Correct...

I think that must apply to the Travel Money Dept. The bureaux will cash them, I know, I've cashed about £8k worth.

sniperpenguin

Just been to my local A+L branch and have been told (after a couple of phonecalls and asking around their office) that it was "physically impossible" for them to take them

Not sure how I can take advantage of the offer now!

pldd4

ok, so just let me get this correct.

Once i get my m&s card i should order as many sterling travellers cheques as i need (need about £4000)?

The cheques arrive in the post?

I can then take the cheques to an M&S bureaux to get them exchanged for cash without any %fee?

Cheers,

debeast

I think thats right pldd4 go check the stoozing.com forums if in doubt
/beastie

Jostick

pldd4 wrote:

ok, so just let me get this correct.

Once i get my m&s card i should order as many sterling travellers cheques as i need (need about £4000)?

The cheques arrive in the post?

I can then take the cheques to an M&S bureaux to get them exchanged for cash without any %fee?

Cheers,

That's correct.

I would suggest you give the B de C a ring before you go just to let them know you are coming. They will probably want to make a 'phone call to find out what their rules are as they don't come across this every day. They may also be short of cash in their branch! I used a couple of branches near me. Bluewater managed £6k of the £8k I was cashing that day. That was one occasion I hoped I was being watched by security as the cashier helpfully counted the cash out loud for me to attract any chancer that fancied a quick mug in the car park!

virgin_moneysaver

t/chqs ordered Thursday afternoon, just delivered so now have 4900 to pay into a/c - no phone calls from M & S like some posters - can now pay off 4 cards all ending their 0%

Jostick

virgin_moneysaver wrote:

t/chqs ordered Thursday afternoon, just delivered so now have 4900 to pay into a/c - no phone calls from M & S like some posters - can now pay off 4 cards all ending their 0%

Keep those plates spinning! :T Don't you just love it when a plan comes together!

pcyam

i just want to double and triple check on whatI've read on this post, im a VERY scepital person and wary when theres a 'free luch' out there.

I applied for a M&S card for mum, she got it so now.

So she can order sterling travellers cheques up to a % of her limit, this is all fee free, the pay the cheques as normal into her account and start earning interest, and she just needs to pay the minimum every month, and if she buys via a quidco account she earns cashback on this too.

YorkshireBoy

pcyam wrote:

So she can order sterling travellers cheques up to a % of her limit

Not a percentage of the credit limit as such (I maxed out my card). However, technically there's a £2.5K per transaction limit for online/telephone orders. Details on the M&S website.

this is all fee free

No, there's a 1% fee. Details on the M&S website (again).

the pay the cheques as normal into her account

Be aware that some institutions will not accept them.

and if she buys via a quidco account she earns cashback on this too.

No cashback on TC orders.


Could I respectfully suggest that you re-read the M&S TC threads on this board again, and check out the original thread on the stoozing site, before your mum gets her fingers burnt.