I don’t know how well Traveller’s Checks are accepted in Taiwan. I live in the Kaohsiung area. Will it save a needless headache to simply pay the $35 dollars for the transaction fee, or can I rely on getting a traveller’s check sent to me for free?
I didn’t mention getting traveller’s cheques in China at all, (Zhanghwa bank is the name of a Taiwanese bank, it’s not actually the zhong in China) - but that’s another issue.
It doesn’t matter where your traveller’s cheques are issued to begin with (US, Europe, China or Iraq). If they are on the VISA, Mastercard, Thomas Cook or American Express brand name, that’s who backs them, not the actual bank that issues them.
I have had negative experiences with a) VISA b) Thomas Cook c) American Express, and don’t know about Mastercard. This was with traveller’s cheques issued in Taiwan AND western countries.
Granted i’ve only had one experience, but I took quite a bit of money in American Express Travelers Checks issued from the US with me to Taiwan, cashed them in Kaohsiung without any problems.
I’ve used American Express traveller’s cheques throughout most of Asia and have never had a problem. Even the ones I bought in Taiwan were no problem. Cashing cheques in Taiwan has always been fairly easy for me with no problems. I usually used ICBC for cashing traveller’s cheques.