28 Jun 2010

More banks to discontinue travellers' cheques

11:51 pm on 28 June 2010

Two more banks are to stop issuing travellers' cheques.

The ANZ and National banks say customers prefer to travel with pre-loaded electronic travel cards and there is now almost no demand for cheques.

They will continue to cash the cheques, but will stop selling them from 4 July.

Westpac, Kiwibank and HSBC have already discontinued travellers' cheques but BNZ and ASB still offer them.