Answer:
You are only required to negotiate physical traveler's checks if you have a contract with the traveler's check issuer requiring that you do so.
There is no federal regulation which would require this.
Banks Required to Cash Travelers Checks
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Question:
We used to sell Amex gift cards and travelers checks in the branch. About 3 years ago we discontinued this service.
Is it a requirement for banks to accept travelers checks to be negotiated. We are located in NY if that matters.
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