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Cashing Traveller's Checks at a Bank #264842
01/29/08 09:29 AM
01/29/08 09:29 AM
Joined: Aug 2007
Posts: 16
Ohio, USA
j&dgreen Offline OP
j&dgreen  Offline OP
I hope all you great folks can help us. We're going to AC next week and plan on using quite a few US Traveller's Checks instead of credit cards or liberal use of the ATM, since the money-grabbing US banks are now tacking on a 3% International Transaction Fee for not only credit card use, but also ATM withdrawals. Do the local banks charge a fee to cash a Traveller's Check? Please let us know your experiences. Thanks.

Re: Cashing Traveller's Checks at a Bank [Re: j&dgreen] #264844
01/29/08 09:31 AM
01/29/08 09:31 AM
Joined: Jan 2003
Posts: 7,479
SimonB Offline

SimonB  Offline
You're better off cashing them in the grocery stores or at Milo's. They'll pay 2 to 1 or better where as the bank is 1.985 to 1.

Re: Cashing Traveller's Checks at a Bank [Re: SimonB] #264853
01/29/08 10:03 AM
01/29/08 10:03 AM
Joined: Jun 2005
Posts: 280
Land of Lincoln, Illinois
cakelee Offline
cakelee  Offline
We took traveler's checks, and most stores, restaurants, etc will accept them as payment (and give you change in BZ$). Your hotel may also cash them. No worries! Bank rate is a lower exchange rate, as Simon mentions.

Re: Cashing Traveller's Checks at a Bank [Re: cakelee] #264858
01/29/08 10:18 AM
01/29/08 10:18 AM
Joined: Dec 2004
Posts: 700
J DOG Offline
J DOG  Offline
I use Milos, never have to stand in line as you do at the bank.

Re: Cashing Traveller's Checks at a Bank [Re: J DOG] #264895
01/29/08 01:01 PM
01/29/08 01:01 PM
Joined: Apr 2000
Posts: 507
Ohio USA
margarita Offline
margarita  Offline
FYI the banks in San Pedro have VERY different hours than USA and I have always had long lines to deal with. Luckily most places will cash your Travel checks with passport ID - grocery stores, rental places, restaurants, hotels, dive/snorkel operators, gift shops.... Why waste time at the bank if you don't have to??
and before we return to USA we just request some US change and we have gotten it. Depends on the place.
Have also cashed some t checks in the duty free shops on the way home!
Belize it

Re: Cashing Traveller's Checks at a Bank [Re: margarita] #264898
01/29/08 01:28 PM
01/29/08 01:28 PM
Joined: Apr 2000
Posts: 8,868
SP Daily Offline
SP Daily  Offline
Belize Bank hours:
Mon- Thurs..8AM- 3PM
Fri....8AM- 4:30PM
Sat....9AM- 12 Noon

Re: Cashing Traveller's Checks at a Bank [Re: SP Daily] #264899
01/29/08 01:29 PM
01/29/08 01:29 PM
Joined: Aug 2005
Posts: 367
snorkelgirl Offline
snorkelgirl  Offline
Bring SMALL denominations to make it easy for little shops or resturants to give you change. Lots $20's.

Re: Cashing Traveller's Checks at a Bank [Re: snorkelgirl] #264901
01/29/08 02:00 PM
01/29/08 02:00 PM
Joined: Aug 2007
Posts: 16
Ohio, USA
j&dgreen Offline OP
j&dgreen  Offline OP
Thanks to all of you for the great information!!

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