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Whats the benefit of foreign-denominated travelers cheques?

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Whats the benefit of foreign-denominated travelers cheques?

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Foreign currency travelers cheques offer both security and savings. They give you the same security as US dollar travelers cheques. Backed by AmericanExpress ®, our foreign currency travelers cheques can be refunded usually within 24 hours if lost or stolen. Foreign currency travelers cheques also offer the added bonus of allowing you to lock in a competitive exchange rate before you leave on your trip.

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