Thursday, May 31, 2007

Barclay's and Travelers' Cheques

Warning to Americans traveling abroad....

When you purchase travelers' cheques, one of the steps you are advised to take is to keep your receipt separate from the cheques, even to the step of leaving the originals at home and taking a photocopy of the receipts in case you need to recover the cheques.

This is what we did - we left the original receipts at home and brought a photocopy, just in case.
We had a problem when we tried to exchange the travelers' cheques for Kenyan Shillings in Nairobi.

It is Barclays' policy to require the original receipt when cashing travelers' cheques. We were scared, as most of our money was in this form. Luckily, there are other exchange bureaus that do a phone verification of the travelers' cheques and therefore, do not require the original receipts.

Just a warning, if you plan to deal with Barclay's, bring the original travelers' cheque receipt.

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