TRAVELLER’ S CHECK Many of the banks and travel services in western provide a convenience for travellers by issuing traveller' s checks. Travellers, when buying the checks, have to sign the checks in the presence of the bank or service clerks. During the trip, travellers can cash the checks from the agencies of the bank or the travel service whenever they need after their counter-signatures are recognized. A lot of travellers like to buy these checks as they don' t have to take along much cash and worry about counterfeit signatures. The agencies will get back the money they have paid by sending the checks to the issuing offices. Traveller' s checks are generally of small face value, such as ten or twenty dollars, or five or ten pounds, for miscellaneous payments. There is no time limit for their circulation period. It is very profitable for the issuing offices to finance the funds they collect by issuing traveller' s checks because they not only receive a service charge from the check buyers, but they also don' t need to pay any interest no matter how long the checks remain in circulation before clearing. This is why banks and travel services are willing to provide this convenience. 1. It is convenient for the travellers to travel around the world as many banks and travel services issue travellers' checks.