🚀 go-pugleaf

In article <236@spar.SPAR.SLB.COM> ward@spar.UUCP (Michael Ward) writes:

    In the US it is usually possible to buy travelers' checks denomi-
    nated in a foreign currency; these can generally be converted at
    no charge by the recipient in that country. I buy Bank of America
    checks in pounds sterling on a regular basis to buy books from the
    UK; no one has ever had any trouble converting them. BoA has var-
    ious other currency types available. It is a *lot* cheaper than
    International Money Orders.

Yes, but once you sign a travelers' check in both the required spaces
(which you would obviously have to do before mailing it), it is no
safer than cash.  My understanding has always been that *anyone* can
cash or deposit a properly signed travelers' check -- regardless of
whether or not their name is shown as payee on the front of the check.
So, if it is lost or stolen in the mail, you have no recourse.

Assuming this is true -- and I hope someone will speak up if it is not
-- you might as well just mail foreign cash as mail a TC.

-- Rich Wales // UCLA CS Dept // wales@CS.UCLA.EDU // +1 (213) 825-5683
   3531 Boelter Hall // Los Angeles, California 90024-1596 // USA
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