Cheques move a step closer to extinction 26 June 2009 at 10:34AM in Budgeting & Bank Accounts 147 replies 9.4K views

Former_MSE_Guy

This thread is to discuss the following news story:

Cheques move a step closer to extinction

Hazzanet

Old news: http://forums.moneysavingexpert.com/showthread.html?t=1776849

ozzage

Good. What an out-dated form of payment...

Rosemary7391

I don't know, cheques can be useful! Much easier than large amounts of cash.

sofa_surfer

ozzage wrote: »

Good. What an out-dated form of payment...

Outdated they may be, but I still find them extremely convenient on various occasions.

Extant

Rosemary7391 wrote: »

I don't know, cheques can be useful! Much easier than large amounts of cash.

This, however, is about the end of cheque guarantee - a scheme which only goes up to £250, which is hardly a large amount of cash.

Extant

Consumers love to whinge about how transfers take/took three days to move, and yet bitterly cling to cheques and whine about their decline and intended removal...

withnell

I think cheques will always have a place for paying club subscriptions and tradesmen - both situations when I doubt anyone has needed to show a guarantee card anyway!

Extant

withnell wrote: »

I think cheques will always have a place for paying club subscriptions and tradesmen - both situations when I doubt anyone has needed to show a guarantee card anyway!

"Always have a place" until the Payments Council decides they're done, in a couple more years.

buxtonrabbitgreen

The main reason that cheques have been useful for me is for sending money for school trips etc. My kids are old enough to be trusted with money now. But not when they were younger.

CLAPTON

BarclaysManager wrote: »

"Always have a place" until the Payments Council decides they're done, in a couple more years.

Does Barclays provide a non cash payment system appropriate for small clubs or small tradesman?