<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by lisamcgu:
With ATMs in even remote parts of even remote foriegn countries, and there being no fee for using them, and the exchange rate is so much less, is there still any benefit to using Traveler's Checks instead of your ATM or charge card?</font>
The benefit is that you buy them with your airline credit card and get miles for the purchase. If you buy at the beginning of your credit card cycle, you can get maybe 45 days' free interest, plus the miles. You just take the traveler's checks and deposit them in your account. No one I know of actually uses them to travel with. Foreign countries want you to show ID and do not understand that the whole point of traveler's checks is that the signature is the ID.
Doakes