Traveler's Checks on Coz...Same as Cash??

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I don't even mess with the Checks. I go ATM all the way. I bring enough cash for travel the first day and get pesos from the ATM's after that. I usually stay in Playa, and I am close to a fair amount of the machines, so it is more conveneint(sp) for me to do so.
 
DET:
I don't even mess with the Checks. I go ATM all the way. I bring enough cash for travel the first day and get pesos from the ATM's after that. I usually stay in Playa, and I am close to a fair amount of the machines, so it is more conveneint(sp) for me to do so.
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FWIW, I like having the cheques. I budget the trip before I go, and I do a quick accounting from time to time of what I've got left. If I just ATM it, it is far too easy for me to consider it an inexhaustible fount of money, and thereby unpleasantly surprise myself upon my return. Plus, it's easier for me to get another cheque out of the hotel safe than it is to go looking for an ATM every time I'm low on cash.
 
ggunn:
FWIW, I like having the cheques. I budget the trip before I go, and I do a quick accounting from time to time of what I've got left. If I just ATM it, it is far too easy for me to consider it an inexhaustible fount of money, and thereby unpleasantly surprise myself upon my return. Plus, it's easier for me to get another cheque out of the hotel safe than it is to go looking for an ATM every time I'm low on cash.
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I agree, I also like the TC's because I can get them for free. With the ATM, each time you use it you get jacked a couple bucks by your bank, and the bank that owns the machine.
 
Christi:
I ditto EVERYTHING Holly (Photocoz) said. I will only add that if you wonder why they are so picky about travelerc checks here this is why:

Remember it is a foreign currency, so they take extra precautions. If you are changing them in a change house, make sure you have a photo ID in case your signature isn't "rubber stamp" perfect. However, if you pay your dive shop, hotel, whoever with them, if your signature is questionable, we don't have your ID to prove that it's you who signed them...that's where the problem comes about. Just take an extra second or two to make sure you are signing in the proper place and in teh sme way you originally signed. If you mess up, you can always take them back home with you and deposit them in your bank account or cash them at your bank...since the original signature is yours. So it's not like you would lose that money.

Also, as Holly said, leave the "pay to the order of" blank. If you make it out to the merchant, they cannot change it in the change house and may not even be able to deposit it in their bank because here in Mexico, many of us have our commercial/public business name, and then we have the "legal" corporation name which is the name on the bank account. I actually have a bank stamp I use on my travlers checks. I know this is alot of information, but it will help you understand that dive shops/hotels, etc. are not being difficult, we are just restricted in many ways and bank employees don't have the authority to make decisions...They have a box and must stay within that box.

Thanks Holly for explaining this to everyone!!!!!!! You helped us ALL out! I need to come see you!
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Hi Christie!!!
How funny - we live on the same island & communicate on ScubaBoard!!!!
Actually the info you added made the "report" complete - between the two of us I think we covered it well - and how true - "if it isn't in the box, forget it!!!
Come see me anytime! It will be great fun!!!
 
I have found CC'c not to be too much of a problem in Cozumel. We were asked on a couple occasions to show 2 additonal forms of ID when we did our counter signature and to put our address with another signature on the back of the CC. Otherwise we had a no issues using CC's while in Cozumel. Maybe we were lucky.
 
Bison:
I have found CC'c not to be too much of a problem in Cozumel. We were asked on a couple occasions to show 2 additonal forms of ID when we did our counter signature and to put our address with another signature on the back of the CC. Otherwise we had a no issues using CC's while in Cozumel. Maybe we were lucky.
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My dad once had a restaurant on Cozumel (no longer a going concern) add a leading "1" to a CC invoice to add a hundred bucks to the bill. Had he not saved the receipt and checked his statement carefully, they would have gotten away with it.
 
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