While travelling overseas, the smartest way to carry money is in the form of American Express Travellers Cheques. They allow for greater convenience and safety than other methods of carrying your money overseas.
According to the RBI exchange control guidelines, students travelling overseas for higher studies can now carry tuition fees in the form of travellers cheques. That's good news and here's why!
Lose anything, but not your peace of mind
Cash stolen is lost forever. But American Express Travellers Cheques are safer than cash as they can be replaced, usually within 24 hours*.
In the unfortunate event of your American Express Travellers Cheques getting lost or stolen, American Express offers a worldwide refund service to replace them, usually within 24 hours*.
Money at hand
American Express Travellers Cheques are accepted at over a million locations, globally, and can be encashed commission-free at over 75,000 locations worldwide. What's more, they are available in 8 currencies with varied denominations for added convenience. It's possible that even your University accepts them! However, do check with your University for this facility before you leave.
Here are more reasons to opt for American Express Travellers Cheques as a payment option. A quick glance will demonstrate their superiority as a payment option for tuition fees and living expenses.
|American Express Travellers Cheques
||Clearing can take up to 10 days or more
|No bank account required to use them overseas
||Must be deposited into a bank account to access funds
|Multipurpose, can be used for tuition fees or living expenses. Can also be endorsed to a third party and used directly for payments, without encashing them
||Can be used only for specified purpose, as on "pay to" line
|No expiry period
||Expiry date of approximately three months
|In case of loss, refunds are normally within 24 hours*
||If lost, only the specific issuing branch can send replacement, post verification of loss details and this may take up to a month
If you purchase American Express Travellers Cheques at select outlets, you are eligible for special benefits. Please check with outlet concerned.
* Conditions apply
* Please go through our terms and conditions before submitting your entry form.
Contest Entry Form
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