Travellers cheques

#1 Apr 16th, 2018, 15:40
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#1
Looking thru my old bags I found some old travellers cheques. Now as these are almost defunct, can I still cash them.

My problem is I don't have a bank ac in the UK anymore, and as far as I know foreigners are not supposed to keep cash currency etc for an extended period.

If I try and cash these here will I get into trouble .

I know I have to show my passport when I cash them and as I have been in India for over three years am I still allowed to keep these TCs with me.

thanks
Lord, Grant me the Serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to hide the bodies of those people I had to kill because they pissed me off.
#2 Apr 16th, 2018, 20:13
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American Express TCs used to have unlimited validity. Even if you can't cash them outright I'm sure your bank will let you pay them into your account. They might charge you a hefty fee though. In any case a branch of American Express or Thomas Cook or whoever issued them in the first place would encash them.

I remember encashing my last $100 American Express traveller cheque back in 2001 at Prague airport.
#3 Apr 16th, 2018, 22:15
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Originally Posted by Golghar View Post American Express TCs used to have unlimited validity. Even if you can't cash them outright I'm sure your bank will let you pay them into your account. They might charge you a hefty fee though. In any case a branch of American Express or Thomas Cook or whoever issued them in the first place would encash them.

I remember encashing my last $100 American Express traveller cheque back in 2001 at Prague airport.

Thanks, my second problem is as I am resident in India will I get into trouble for keeping foreign currency/ tc with me for such a long time.
#4 Apr 16th, 2018, 23:54
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#4
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Originally Posted by JOHNLORD View Post Thanks, my second problem is as I am resident in India will I get into trouble for keeping foreign currency/ tc with me for such a long time.
American Express still seems to be issuing TCs. Try calling their customer care number.
#5 Apr 17th, 2018, 05:45
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#5
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Originally Posted by JOHNLORD View Post Thanks, my second problem is as I am resident in India will I get into trouble for keeping foreign currency/ tc with me for such a long time.
No you will not.
#6 Apr 17th, 2018, 05:53
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I had some Thomas Cook tc. Tried to cash them last month here in Sydney. No bank will accept them and there is no Thomas Cook in Australia. Luckily I found out that Travlex bought out local Thomas Cook business. Went and saw them, they has to send a mail to Thomas Cook in UK to ensure that the cheues were not lost or stolen and cashed them next day. Charged me A$ 10 per cheque but I was happy to see the end of them.
#7 Apr 18th, 2018, 12:41
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#7
I got the same scare in 2016 when a set of TCs I had on me were turned down by a store owner in Philadelphia. He said, am sure they're valid but as a store policy we dont accept them any more. I scurried to find a bank that would turn them into currency, got one and changed the lot - these were Amex cheques. Bank teller confirmed Amex stopped issuing TCs and hence while these are still valid, they are no longer popular and hence acceptance is getting lower. I was lucky to be state side at that time, and even luckier that the bank did that for a non-customer (it was a regional bank).

Amex TCs had, in theory, infinite validity, but like someone once mentioned to me ''Nothing lasts forever!"
#8 Apr 18th, 2018, 18:13
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#8
Traveler checque is not expire because they take money first.
#9 Apr 18th, 2018, 23:40
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#9
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Originally Posted by vaibhav_arora View Post Amex TCs had, in theory, infinite validity, but like someone once mentioned to me ''Nothing lasts forever!"
Like the PIO card which was "deemed to be valid for life".
#10 Apr 19th, 2018, 02:48
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I'm suspicious of "deemed" things.
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#11 Apr 19th, 2018, 05:17
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#11
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Originally Posted by Golghar View Post American Express still seems to be issuing TCs. Try calling their customer care number.
I called them last June before I left for India and did yesterday on your advice same same all gone they are history
#12 Apr 25th, 2018, 03:39
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#12
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Originally Posted by JOHNLORD View Post Thanks, my second problem is as I am resident in India will I get into trouble for keeping foreign currency/ tc with me for such a long time.
Why would that be a problem? Is there a law in India that says you are not allowed to keep foreign currency?


BTW: I also had four Amex TCs left which I'd bought MANY years ago but never used. My local bank cashed them, but I had to pay a (small) fee. Glad I've got rid of them.
#13 Apr 25th, 2018, 08:04
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#13
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Originally Posted by Wildhorse View Post Why would that be a problem? Is there a law in India that says you are not allowed to keep foreign currency?


BTW: I also had four Amex TCs left which I'd bought MANY years ago but never used. My local bank cashed them, but I had to pay a (small) fee. Glad I've got rid of them.
I think there is a restriction on the amount of foreign currency allowed.
#14 Apr 25th, 2018, 20:54
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#14
Makes me think of the Foreign Currency chapter in The Master and Margarita!

As there is not a limit on how much you can bring in to the country, subject to declaring it, I don't see how there can be a limit on holding it?

But... Just thinking aloud. I don't know.
#15 Apr 25th, 2018, 22:28
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#15
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Originally Posted by Nick-H View Post Makes me think of the Foreign Currency chapter in The Master and Margarita!

As there is not a limit on how much you can bring in to the country, subject to declaring it, I don't see how there can be a limit on holding it?

But... Just thinking aloud. I don't know.
I hope you are right. As there is truss work going on at my house for the past two weeks and another week to come I haven't been able to go to the exchange place .

Will let you all know what happens.

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