“AMERICAN EXPRESS” traveler's checks
AMEX traveler’s cheques which we are widely  used throughout the world as an analogue for cash, have got a large number of advantages. Currently, all over the world, these cheques, are accepted, just like cash, in hundreds thousands of restaurants, hotels, rent-a-car offices, service facilities, as well as in shops and supermarkets. Along with all the above, in western countries and in Russian AMEX cheques gradually start replacing cash kept at home and that tendency is expanding.
In comparison with cash, traveler’s cheques are safe, which feature is recognized in an international context. To avoid various problems which may arise when one looses, damages or has his cash stolen when keeping or using the money, AMEX cheques are flexible and convenient as even you loose the cheques as a result of an negative circumstance, you can recover your money in full just by one call which you can make any time of the day.
The procedure for the use of cheques is very simple. You can pay to purchase your USD or EUR cheques either in cash or by wire transfer. Verification of the cheques is made with checking of two signatures appearing on the cheques. The first time a customer signs when he purchases a cheques, and the second time – when he is submitting the cheques for encashment. Provided that the signatures are sufficiently similar, your cash on the cheques is guaranteed.
Often questions arise as to difference between traveler’s cheques and other means of payment, especially plastic cards. Below, you can read some information about comparative benefits of cheques against plastic cards:
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What are the conditions for the acceptance of the traveler's check for collection?
- No first signature of the check holder on the traveler's check;
- Both signatures being made on the traveler's check by the holder in advance;
- Submission of the traveler's check bearing endorsement signature;
- Doubt as to authenticity or due completion of the traveler's check;
- Physical damages of the traveler's check (including, torn and then glued traveler's check; traveler's check without sections of low significance; traveler's check without initial color or uncolored; burned or punched traveler's check; traveler's check fully or partially stained with oil, ink, paint; traveler's check affected by a chemical substance);
- Where acceptance of the traveler's check for collection is required by American Express.
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| “Bank of Baku” is charging the following fees for operations with cheques: |
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Purchase of cheques |
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2 % of the amount |
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Additional information
Review FAQ.
Please send us your queries related to this service or approach any branch or office of the Bank,
call in information centre under number 145.
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