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What is a check?
Here in the UK cheques (please note the spelling) have hardly been used for the last ten years or more. With the introduction of standing orders and direct debits more than 40 years ago and with the introduction of variable amount direct debits and debit
cards in the last 20 years, most people write less than 10 cheques per year.
My cheque book is several years old and I doubt that I have written more than five cheques in that time.
Frankly, I do not need a cheque book in the 21st Century.
I'd almost agree but we're not there yet. For example, I note I am writing more cheques than previously these days, sometimes just to avoid the Credit/Debit charge which is creeping into payments. Its just the principle that if I am making a merchants
life easier and more instant, they should shoulder the fee, not me. Sometimes its simply a ploy to make me pay with a Debit card to forgoe the additional protection paying with a Credit Card offers me, but since both are 'Visa' in my case, I don't see the
different from a merchants perspective.
Conversely, I HATE receiving cheques, because they invaribly expire before I physically get to a bank (and they are valid for 6 months or even a year).
Lastly, try cashing a US check in the UK - NO GUARANTEE of payment whatsoever between the banks. I don't believe it but my UK Bank told me "USD cheques can be returned unpaid apparently for a period of 6 years after presentation" What's that about.
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