Traveler's Checks
Traveler's checks may be sold through the ship's store after approval of the commanding officer. All traveler's checks are stored in the ship's store officer's safe. Any traveler's checks that will not fit in the ship's store officer's safe will be turned over to the disbursing office for safekeeping. The retail store operator will maintain a working stock of traveler's checks in a three-combination safe. Only the retail store operator will have access to the safe and any of the working stock not sold during the working day will be turned over to the ship's store officer at the close of business. Traveler's checks are issued by the ship's store officer to the store operator daily. The ship's store officer will maintain a locally developed log to account for the checks. The log is called the Traveler's Check Control Record and this log will have columns for the following:
Date
Quantity received from vendor
Quantity issued to retail store operator
Quantity returned by retail store operator
Initials (both ship's store officer's and retail store operator's)
Balance on hand

The hours in which traveler's checks are sold will be designated by the commanding officer and should not conflict with the regular store hours. The minimum sale of traveler's checks is $50. There will be a surcharge of 1 percent ($ 1 per $100) of the amount sold. The ship retains two-thirds of 1 percent (67 cents per $1) of the surcharge, while the remaining one-third (33 cents per $1) is given to the vendor. To assist you in selling the traveler's checks, consult the Ship's Store Afloat Catalog listing for traveler's checks, which contains complete instructions for selling checks to customers. At the end of the business day, turn any remaining traveler's check stock and all cash from sales of traveler's checks collected over to the ship's store officer. Use the locally developed Traveler's Check Cash Collection Record log for this purpose. The log will have columns for the following:

Value of checks issued to the retail store operator
Value of checks returned
Value of surcharge fees collected
Cash for face value of checks sold
Initials (both ship's store officer's and retail store operator's)

All cash collected from traveler's checks is recorded in a separate Cash Register Record, NAVSUP Form 469.