Consistent with this analogy, I take travelers checks with me on every trip. They are my insurance policy for which I never pay a premium. Ask the Expert Rob Sangster Rob has traveled in more than 100 countries and all seven continents. His wanderlust has lured him all over Asia, Central America, about half of the countries in Africa and South America, the Pacific Islands, most of Western and Eastern Europe, the former Soviet Union, Australia, New Zealand, Antarctica, and throughout the United States. I hope everyone agrees that carrying large amounts of cash is, to be blunt, nuts.
Travelers checks are a safe way to transport money.
They don't take up much room and protect you in case of loss or theft. Of greater value is the availability of travelers checks as a back-up credit, debit, ATM and other cards. Here are some of the reasons you might need that back-up. You can lose your ATM bank card. Sure, you'll take more than one, but they may all be lost or stolen.