How Much Do Traveler’s Checks Cost?

Although the wide use of debit cards and automatic teller machines (ATMs) have made the use of traveler’s checks decline, they are still quite popular for those who do much traveling abroad.  Traveler’s checks are safer than carrying cash because they require identification before they can be cashed or used as payment.  While ATMs may be more convenient since they are faster and are usually in service 24 hours a day, the fees of an ATM are quite a bit more expensive than the fees of a traveler’s check.

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Average Reported Cost: $0

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Less Expensive $1 $1.5K $3K $5K $6.5K More Expensive $8k

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