Can I cash or deposit a American Express Travelers Cheque if it does not have my signature at the top?
What are the drawbacks of Travellers Cheques?
Disadvantages of travellers’ cheques
- They’re impractical to use as you’ll have to carry around a number of cheques with you, require prior filling-out and a signature during purchase.
- They’re less widely accepted these days.
- There are handling, commission and cashing-in fees.