- NEW!
by Sherri on September 24th, 2009
Pretty much the same as a personal check except they are 'guaranteed' and the bank/merchant/etc doesn't have to worry about them 'bouncing'. You'll pay a price to buy them and perhaps a fee to cash them in which can be difficult to do! I really would not recommend them!
by puzzled on September 24th, 2009
Give you access to cash remote from home. Fixed denominations which can be exchanged for cash at most banks or exchange points.
You have to produce a means of identification usually a passport to get the cash.
Usually a fee is charged for the cheques on issue and the rate of exchange given may include a handling fee on encashment.
Advantage is security, access is limited to face value, there are no details of holders a/c's and to cash, a proof of identity is required.
How long to keep canceled checks and other documents?
by Answerbag Staff on March 17th, 2011
| 1 person likes this
Does the country of Latvia accept American Express traveler's checks?
by Answerbag Staff on June 4th, 2010
| 1 person likes this
Does the IRS take electronic payments?
by Answerbag Staff on July 14th, 2010
| 1 person likes this
HOW LONG TO CASH AN INSURANCE CHECK? HAD WATER DAMAGE IN HOUSE 2YRS AGO AND JUST FINISHED REPAIRS. INSURANCE WROTE US 2 CHECKS 4 MONTHS AGO?
by lorali on June 17th, 2011
| 1 person likes this
If a celebritys signature is worth $1000 and they wanted to buy something worth $1000 could they just sign a personal check made out for $0?
by June on May 7th, 2011
| 1 person likes this
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