Traveler’s checks

•Traveler's checks.

If you travel frequently or your job is connected with frequent business trips, probably you have already tried to use traveller's cheques. If not, we recommend you to use traveller's cheques, as it is always risky to take cash funds in travel. Also it is not possible to be absolutely sure in safety of savings, which are kept in the hotels rooms. Money can be lost or stolen. To protect you from such troubles, PRAVEX-BANK proposes to your attention American Express traveller's cheques.

Traveller's cheque as payment card is reliable and safe means of payment and cash getting while travelling abroad - cheques are signed by their holder. But unlike banking cards the client does not have to open special account and wait for the card manufacturing. Besides traveller's cheques still have wider spreading in the world than payment cards. By means of cheque you will be able to get cash as well as pay for purchases and services.

At present use of traveller's cheques as equivalent of cash foreign currency is widely spread in many countries of the world. Main advantage of traveller's cheques is high reliability of invested money storage: traveller's cheques have permanent solvency, can be converted in other types of foreign currencies and, what is the most important -are "personal money", which almost impossible to loose. If cheques were stolen or lost, you can get compensation from issuer company within acceptable terms.

American Express cheques are spread in the USA where in many cases they can be used as cash currency. Favourable mode for American Express cheques use: Australia, New Zealand, Canada, in Asia - Bangladesh, Brunei, Izrael, India, Indonesia, Yemen, Malaysia, Pakistan, Singapore, Thailand, Philippine, Sri Lanka; in Latin America - Argentina, Bahamas, Bolivia, Venezuela, Virgin Islands, Columbia, Mexico, Puerto Rico, Salvadore, Jamaica; in Africa - Egypt, Kenya, Malawi, Morocco, Tanzania, South Africa; in Europe - Austria, Great Britain, Germany, Greece, Spain, Italy, Malta, Portugal, France, Finland, Czech Republic.

In Brazil, Chine, Latvia, Lithuania, Croatia, Japan, American Express traveller's cheques  should be exchanged into local currency.

You can get traveller's cheques amounting to EUR 10000 (or equivalent of this amount in other foreign currency) in travel.

In "PRAVEX-BANK" you can acquire American Express traveller's cheques  (face value of USD 100 and 500) and in EUR (face value EUR 50, 100, 200 and 500) for corresponding cash foreign currency *.

If you have unused traveller's cheques, acquired in our Bank, you can store them till the next trip or encash them in PRAVEX-BANK under preferential terms.

PRAVEX-BANK pays foreign currency in cash:

• For Thomas Cook, American Express and Visa traveller's cheques (traveller's cheques in USD, EUR, in pounds sterling are accepted for payment; cash funds payment with traveller's cheques is performed in the currency of the cheque);
• For cheques, accepted for collection (registered and traveller's cheques are accepted in the following currencies: USD, EUR, GBP, AUD, CAD, CHF, DKK, JPY, NOK, SEK. Compensation to cheque is paid in 30-40 days in USD, EUR or pounds sterling less commissions of foreign banks);
• For VTM Cash Passport cards, which were acquired in PRAVEX-BANK (funds balance on card is paid to the holder in 3 banking days less commission of the Bank). We would draw your attention to the fact that payment of funds balance on these cards will be performed only till 16.07.2010 in compliance with instruction of Travelex Company, which terminated issue of Visa TravelMoney Cash Passport cards from April 20, 2010.

* - Bank's commission on operations with cheques clients shall pay in UAH in compliance with established fees/rates.