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Exchange and commission rates vary considerably so it pays to shop around and even bargain where necessary.. Commission is sometimes charged for cashing travelers' cheques in foreign currencies, but not for sterling travelers' cheques, provided you cash the cheques at a bank affiliated to the issuing bank (get a list when you buy your cheques). Commission is charged if you change cash into another currency. You always need identification, such as a passport, when exchanging travelers' cheques.


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