Talk:Traveller's cheque

Untitled

Usability: do banks in the USA accept TC? is there a commission? -- Afsfa (talk) 08:29, 10 November 2009 (UTC)

"Waitperson"? Surely "waiter" is the more commonly accepted term?

Amex (not) first to develop traveler's cheques?

The current article says: "The largest volume issuer of traveller's cheques is American Express, the first to develop the product in the late 19th century." But the page for January 1 lists "1772 - The first traveller's cheques, which can be used in 90 European cities, go on sale in London for the first time." Only one of these statements can be correct, and I don't know which one. Probably, Amex was not the first to develop them after all? — David Norris 01:43, 2 January 2007 (UTC)

The tale is relayed in American Express of J. C. Fargo's difficulty obtaining cash on a letter of credit in the late 19th c. If the 1772 launch was a successful enterprise and TCs still existed at that time, the market niche would not have been available for Amex to service. But I'll try to incorporate this discrepancy in the article. knoodelhed 04:00, 2 January 2007 (UTC)

On a related note, when I deleted the claim that Thomas Cook developed traveler's cheques, I stated in the edit summary that my reference was the Thomas Cook AG (former) article. I can't change an edit summary, but the statement about when they entered the business is actually in the Thomas Cook article (though it shouldn't be since it's about the company; that article is supposed to be about its founder and namesake). Of course, I left the 1772 statement in there although nearly all reliable sources attribute its invention to American Express. --RBBrittain 03:19, 24 September 2007 (UTC)

Thomas Cook first issued traveler's-cheques (although not under that name) in 1874. There's a lot of European institutions that were issuing TC's before Amex's launch in 1891. Amex may have caught a niche in the US, but that wasn't universal. Thomas Cook's TC's were pretty dominant in the UK, for example. Mauls (talk) 00:31, 17 December 2007 (UTC)

Usability

The article doesn't indicate some common difficulties in using TCs. For example, in a number of countries (e.g., Mexico, France) it is virtually impossible to use them except by cashing them at a bank. In Russia (St. Petersburg), I was unable to cash TCs at banks (I didn't even try stores), only one (Sperbank) of the ten or more we tried even admitted to even theortically cashing them. On three different days in the summer of 2007, the bank said that they would have to have authorization from Moscow (for even one one-hundred dollar TC), which they said they couldn't contact. Kdammers 08:27, 24 August 2007 (UTC)

I work at a retail store in the United States, and we stopped accepting traveler's cheques because over 50% of the checks we recieved were fakes. Many other stores are doing the same now, and it is becoming difficult to spend them. —Preceding unsigned comment added by 71.142.199.12 (talk) 20:34, 30 June 2008 (UTC)

In Colombia no stores accept travaler's checks and a few years ago in the Valle del Cauca only ONE branch of ONE bank, the Banco Industrial Colombiano (the branch in Cali) was willing to cash them. Alloco1 (talk) 01:34, 16 September 2010 (UTC)

Cross AE/BE?

Why does this article use the American spelling of "traveler/traveller" but the British spelling of "check/cheque"? —Preceding unsigned comment added by 124.177.31.33 (talk) 05:20, 24 December 2008 (UTC)

Compromise? SergioGeorgini (talk) 20:51, 17 February 2009 (UTC)

Maybe because that's the way American Express has spelled it? Oswald Glinkmeyer (talk) 11:44, 27 April 2009 (UTC)

Nota?

Section under Usage uses the term "nota." This use of word does not appear to be found in the English Wikipedia or Wiktionary. Can someone clarify what that is? Oswald Glinkmeyer (talk) 11:47, 27 April 2009 (UTC)

It appears that the word "nota" has been replaced with "receipt" in subsequent revisions. Thanks. Oswald Glinkmeyer (talk) 19:46, 25 June 2009 (UTC)

Reference 1 is a broken link.

Link of reference #1 is broken. —Preceding unsigned comment added by 116.52.38.223 (talk) 09:54, 9 October 2009 (UTC)

Reference 1 is a broken link. Baziliscus (talk) 20:32, 4 October 2012 (UTC)

Spelling inconsistency

Surely it's either "traveller's cheque", correct English, or "traveler's check", American English? It seems oddly inconsistent to have this half and half mixture of both. Gymnophoria (talk) 16:52, 9 November 2015 (UTC)

It should be one or the other, and since the title is British English, I am going to tag it as such, and do my best to change the article that way. --Dthomsen8 (talk) 03:22, 28 February 2018 (UTC)

External links modified

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Incorrect spelling change

@IVORK: I think you mistakenly went the other way with your recent change: the US spelling is traveler, while the international spelling is traveller (as per the title). Getsnoopy (talk) 07:11, 13 November 2020 (UTC)

¯\_(ツ)_/¯— IVORK _Talk 06:18, 14 November 2020 (UTC)

@IVORK: All good. Could you please revert your changes? It says a clean revert is not possible. Getsnoopy (talk) 05:55, 18 November 2020 (UTC)

Unsourced content

Below material removed from article for lacking citations long-term. DonIago (talk) 07:37, 13 December 2024 (UTC)

Declining use

=== Declining use === The convenience and wider acceptance of such alternatives as credit and debit cards and the wider availability of ATMs has led to a significant decline in the use of traveller's cheques since the 1990s. In addition, security concerns of retailers has led to many businesses ceasing to accept them, in turn making them less attractive to travellers. This has led to complaints about the difficulty that holders have in using them. In much of Europe and Asia, traveller's cheques are no longer widely accepted and cannot be easily cashed, even at the banks that issued them. Since traveller's cheques do not earn interest, one of the main incentives financial institutions have to sell traveller's cheques is that they effectively represent an interest-free loan from the purchaser to the seller. The sustained decline in interest rates in most of the developed world since the early-to-mid 1990s has substantially reduced the profitability of traveller's cheques for their issuers. Financial institutions have responded to this development by charging new fees for traveller's cheques, increasing existing fees, or by exiting the business altogether.