This section is from the book "Elementary Banking", by John Franklin Ebersole. Also available from Amazon: Elementary Banking.
A modified form of the traveler's letter of credit is the traveler's check issued by the American Bankers Association and others. The "A. B. A." checks are of convenient size and are fastened in a handy leather wallet or pocket-book, from which they may be torn as needed. They are issued in four denominations and a traveler can have a book of checks made up in any amount to suit his requirements. At the time the checks are bought, the purchaser writes his name on the face of each one (top line on the left) and he is instructed not to countersign them (bottom line on the left) until presenting them for payment. Hotels, banks, transportation companies and all others called upon to accept the checks should require the holder to countersign in the presence of the person accepting them, when the signature and counter-signature should be compared. These checks are accepted throughout America and Europe by hotels, railroad companies, steamship lines, sleeping car companies, and the principal stores and shops. They may be cashed at practically all banks, including the strongest banking institutions in all the larger cities and towns.
American Bankers Association
Travelers' Check
Bankers Trust Company
New York City When Countersigned Below With This Signature. At Any Time Within Two Years From Date. To Wit: NO.
__________________________________________________ _____________________________________192_____
Pay to the order of______________________________________________________ $________________
Or Its Equivalent Countersignature As Below
Name Of Issuing Bank Will ____________________________________ Be Printed In This Space
We Hereby Accept The Foregoing Order And Will Ray The Same. When Properly Negotiated Through Any Of Our Correspondents Named On The Back Hereof.
Bankers Trust Company.
By______________________________________________treasurer By...................................................Cashier
Checks Cashed In Europe Will Be Redeemed Only At The Company's Bankers In Europe.
Equivalents in the Money of Various Foreign Countries Are Printed on the Bottom of Such Checks.
 
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