traveler's check

Prepaid foreign money

A traveler's check is a preprinted check for a fixed amount, purchased from a bank or financial institution, that can be cashed or used as payment while traveling.

The buyer signs it once when purchasing and again when cashing, providing security against theft.

Largely obsolete since the rise of ATMs and credit cards, they were once essential for international travel: We cashed our traveler's checks at the hotel.

banking

foreign exchange

Trading between national currencies

American Express · Visa · Mastercard · cashier · endorsement · signature · payee · encashment · commission · currency conversion

travel

vacation

Leisure time away

emergency funds · passport · destination · globetrotting · excursion · overseas · holiday · airport · prepaid · portable

security

fraud protection

Defenses against deceptive schemes

tamper-evident · loss prevention · authentication · photo identification · refund policy · indemnity · secure transaction

obsolescence

outdated

No longer in use

ATM · debit card · credit card · mobile payment · digital wallet · phased out · vintage · nostalgia · 20th century · superseded

Categories
Opposites
payment instrument type

traveler's checkcash

Ready spending funds

currency · banknotes · hard currency · coins · credit card

payment technology era

traveler's checkmobile payment

Purchase via smartphone

digital wallet · Apple Pay · Google Pay · Venmo · contactless payment

portability and travel-specificity

traveler's checklocal currency

Nation's official tender

fixed deposit · personal check

Family

check, travel, traveler, travels, traveling, traveled, untraveled

Familiarity
Top 100,000
Profile
Concrete · Everyday, not technical · Rated G