18 June 2022 0:09

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.