what do you do with traveler s checks 
traveler s checks are a secure way of carrying money while abroad many businesses in the tourism industry will cash traveler s checks and they can also be deposited into a bank account because the checks can be easily replaced they have a lower risk of theft or loss however traveler s checks have fallen out of favor due to the increased convenience of credit cards and prepaid debit cards the bottom linetraveler s checks were once a popular way to carry money while vacationing abroad they are sold in fixed denominations and can be used for purchases or cashed like an ordinary check traveler s checks can be easily replaced making them less risky than carrying large amounts of cash however they have fallen out of favor due to the convenience of using credit or debit cards 