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Traveller's cheques question?

 
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McQwaid



Joined: 18 Jan 2004

PostPosted: Wed Feb 22, 2006 10:27 am    Post subject: Traveller's cheques question? Reply with quote

Do they have an expiry date? I'm thinking about bringing $9000 worth home with me on the plane. I might not deposit them in my bank acct until I get my non-residency status cleared away, so they might be stored away in a safe place for awhile. An expiry date, however, might change these plans.

Thanks for any info on the matter ....
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Big Mac



Joined: 17 Sep 2005

PostPosted: Wed Feb 22, 2006 11:08 am    Post subject: Reply with quote

I don't think they do.

The other option is to get it as a money order. Citibank or Korea Exchange Bank can do them. That's what I did.
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justagirl



Joined: 17 Jan 2003
Location: Cheonan/Portland

PostPosted: Wed Feb 22, 2006 11:59 am    Post subject: Reply with quote

No, they don't.

You get a better exchange rate getting T/C's than exchanging for money or doing a money order (which you have to pay for).

Your plan is the best way to do it. Hubby and I took over 10K home with us that way.
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Big Mac



Joined: 17 Sep 2005

PostPosted: Wed Feb 22, 2006 12:21 pm    Post subject: Reply with quote

justagirl wrote:
No, they don't.

You get a better exchange rate getting T/C's than exchanging for money or doing a money order (which you have to pay for).

Your plan is the best way to do it. Hubby and I took over 10K home with us that way.


Really...I wasn't aware that the exchange rates would be different. That's good to know.
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bucheon bum



Joined: 16 Jan 2003

PostPosted: Wed Feb 22, 2006 2:45 pm    Post subject: Reply with quote

Very easy way to carry money back home. Anything under 10K will spare you from having to be questioned by customs if you're entering the states. Another benefit of T/C over a money order is you can get your money refunded if you lose the checks (but still have the receipts). Can't do the same with a money order I believe.
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Tiny_Tibbo



Joined: 21 Apr 2005
Location: In My Skin

PostPosted: Wed Feb 22, 2006 3:23 pm    Post subject: Reply with quote

ok...so where do I get travellers cheques if my bank won't give them?
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bucheon bum



Joined: 16 Jan 2003

PostPosted: Wed Feb 22, 2006 4:36 pm    Post subject: Reply with quote

take your cash to a foreign exchange desk at any bank branch. Don't think it will be too much hassle to find a place.
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schwa



Joined: 18 Jan 2003
Location: Yap

PostPosted: Wed Feb 22, 2006 5:08 pm    Post subject: Reply with quote

Tiny_Tibbo wrote:
ok...so where do I get travellers cheques if my bank won't give them?

Many smaller branches dont have a foreign exchange counter & therefore cant provide travellers checks or wire services. Your bank should have a main or at least larger branch somewhere in your town to meet your needs.
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