Travellers Cheques

ChangFai

Eventually got round to cashing in these Travellers Cheques.

Euro Change accepted them, after the teller worked out how to do it.

But they charged me 3% which is kind of annoying.

eskbanker

ChangFai said:

But they charged me 3% which is kind of annoying.

But that's nothing compared to the loss of real terms value over that period, which will have averaged about 3% per year!

retiredbanker1

Banks stopped cashing travellers cheques years ago.

However if you sign top and bottom and write your name in the middle they become like ordinary cheques (assuming you have pound sterling cheques not currency (the bit about 3% commission is confusing me).

Pay them in like any other cheque.

If they are by any chance currency cheques your only option these days will be to contact AMEX.

zagfles

retiredbanker1 said:

Banks stopped cashing travellers cheques years ago.

However if you sign top and bottom and write your name in the middle they become like ordinary cheques (assuming you have pound sterling cheques not currency (the bit about 3% commission is confusing me).

Pay them in like any other cheque.

If they are by any chance currency cheques your only option these days will be to contact AMEX.

That's exactly what I used to do when I used travellers cheques and had some spare at the end of the holiday. Sign them out to yourself and pay them in like you would with any cheque. Then it's just a cheque made out to you. Sounds like OP encountered clueless bank staff who refused to accept valid cheques. The automated machines or mobile app to pay in cheques would have probably worked too.