Travellers’ cheques used to be the way to carry travel money, however they’re not as essential now that ATMs and credit cards are so widespread.

It is worthwhile taking some of your money as travellers’ cheques since it is a great backup if you lose your wallet with all your credit cards or if you arrive to discover that your cash card won’t work in the ATM.

The beauty of travellers’ cheques is that they can be replaced if they’re lost or stolen. It helps if you keep a record of your travellers cheque numbers in a safe place, preferably a copy with you (but not with your cheques) and another copy at home (or somewhere where someone can fax them to you if you need to make a claim for lost cheques).

Many travellers buy travellers cheques in either British pounds, euros or US dollars, which is fine if you’re travelling through lots of different countries. However travellers cheques in the local currency have the advantage of being able to be used as an alternative to cash – of course this is dependent on finding someone willing to accept them.

If you bring travellers cheques with you, make sure that you sign them when you buy them, but do not countersign them until you are ready to cash them. You may also need to have identification such as your passport with you when you cash your cheques.

The most widely accepted brands of travellers’ cheques are American Express, Thomas Cook and Visa. Don’t travel with anything else as many people will not recognise or accept them.