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hochhasd
Joined: 05 Jul 2008
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 Posted: Fri Jun 18, 2010 6:17 am Post subject: Do you get a better exchange rate if you accept travelers ch |
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Do you get a better exchange rate if you exchange won to usd travelers checks rather than cash and if so what banks actually have us travelers checks. How can I tell if I am getting the real deal? does it say American Express just like the ones in America?  |
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hochhasd
Joined: 05 Jul 2008
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| Posted: Fri Jun 18, 2010 6:55 pm Post subject: |
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| Has anyone had experience with this before? |
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hochhasd
Joined: 05 Jul 2008
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| Posted: Sat Jun 19, 2010 1:16 am Post subject: |
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| I gather that no one has experienced dealing with this situation? |
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thegadfly
Joined: 01 Feb 2003
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| Posted: Sat Jun 19, 2010 4:21 am Post subject: |
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| Changing won to TC's used to get a noticeably better exchange rate than changing for cash -- recently, the difference has become less, but still exists (I think it was 5 won to a dollar better for TC's over cash when I converted on 6/17/2010 at KEB bank). It is now a pretty minor difference -- $5 per $1,000 US or so...may not be worth the "hassle" connected to TCs if you are only exchanging small amounts...but a bunch of 5s add up if you are exchanging several months' savings at one time.... |
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hochhasd
Joined: 05 Jul 2008
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| Posted: Sat Jun 19, 2010 4:59 am Post subject: |
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| thegadfly wrote: |
| Changing won to TC's used to get a noticeably better exchange rate than changing for cash -- recently, the difference has become less, but still exists (I think it was 5 won to a dollar better for TC's over cash when I converted on 6/17/2010 at KEB bank). It is now a pretty minor difference -- $5 per $1,000 US or so...may not be worth the "hassle" connected to TCs if you are only exchanging small amounts...but a bunch of 5s add up if you are exchanging several months' savings at one time.... |
I am exchanging several months. Does KEB offer the best deal or should I check around? How do I tell if they are the real deal(American travelers checks) and will it have the values amounts noticable on the TC? I guess they use American Express. Thanks |
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hochhasd
Joined: 05 Jul 2008
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| Posted: Sat Jun 19, 2010 6:48 pm Post subject: |
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I know that the exchange from won to American TC is easy to get,but I still need to know what company does the bank use(American Express) and how can I deal they are the real deal when I am at the bank?
Anyone? |
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uklathemock
Joined: 26 Dec 2009
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| Posted: Sat Jun 19, 2010 8:35 pm Post subject: |
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| You want to get Amex checks. Some banks here use "Thomas Crown" checks, which aren't as easy to exchange. |
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hochhasd
Joined: 05 Jul 2008
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| Posted: Sat Jun 19, 2010 9:40 pm Post subject: |
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| uklathemock wrote: |
| You want to get Amex checks. Some banks here use "Thomas Crown" checks, which aren't as easy to exchange. |
Thanks for responding! Which banks carry Amex checks? |
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wormholes101
Joined: 11 Mar 2003
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| Posted: Sat Jun 19, 2010 11:00 pm Post subject: |
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| hochhasd wrote: |
| How do I tell if they are the real deal(American travelers checks) and will it have the values amounts noticable on the TC? I guess they use American Express. Thanks |
How to Identify Travellers Cheques |
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hochhasd
Joined: 05 Jul 2008
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| Posted: Sat Jun 19, 2010 11:19 pm Post subject: |
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| wormholes101 wrote: |
| hochhasd wrote: |
| How do I tell if they are the real deal(American travelers checks) and will it have the values amounts noticable on the TC? I guess they use American Express. Thanks |
How to Identify Travellers Cheques |
Thanks! But does anyone know what banks carry the AMEX checks? |
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