Cheques move a step closer to extinction

Extant

withnell wrote: »

What about birthday gifts? My grandparents always used to send me a cheque - bit impersonal for them to just put a note in the card "I've FPed you the money"

Changing times.

But it's not as though giving money in one form is any more personal of a gift than another, surely? It represents the same thing.

Extant

Ifts wrote: »

Like I said IMO (you don't have to agree) I think its handy having a cheque book and they are useful.
And I don't think the example that I used was a poor one, it is only one example of many where a cheque book comes in use.
The reason I used this specific example on this occasion was because only this morning having a cheque book and being able to send a cheque helped me to apply for a savings bond by post.
I was trying to apply to open a Close Brothers premium gold bond. I had to phone their helpline up this morning because I couldn't send them a copy of my bank statement as supporting document because I bank on-line and don't receive statements in the post, the adviser said as long as I sent my opening deposit by cheque from my linked account then that would be fine (which is the same Ive had to ever do previously opening other savings bonds), so it was good to be able to write a cheque.
So although I do know Client obligations can be met easily enough without requiring a cheque. In this instance it DID help me having a cheque book and YES I am grateful that I could write a cheque on this occasion.

Edit: I admit one day they will cease to exist. Fair enough when the retailer refuses to accept your cheque but what about when a bank or other institution actually specifies you have to pay by cheque, it sure is handy having a cheque book.

These situations only exist BECAUSE cheques are still in use. It's not an inherent advantage of the cheque, it's a side use, and a rare one at that - the isolated businesses that rely on this method will just have to adapt.

Think realistically - is that usage enough to justify the continuation of cheques?

thumper1970

olly300 wrote: »

Tradesmen are easy to deal with.

The main problem are schools and clubs children belong to.

Yes there are ways around this but this relies on the kids giving their parents letters immediately they get them and this doesn't happen.

Our school has a system called 'Parent Pay' which not only lets you pay for items (such as school trips and school dinners) but also emails out all of the usual letters, instead of relying on children bringing them home.

Not only is it 'greener' in that less printing is done, it is a godsend sending money in through this rather than having to write cheques out all the time.

Extant

Inactive wrote: »

The Bank Directors are " human " as well we all know, as are the shareholders, greed is the main factor behind this move, whatever your obviously biased opinion is.

The largest shareholder in Barclays, and in HSBC, are pension funds.

Damn those greedy old people and their pension funds!

Or, maybe, just maybe... the banks could be responding to their legal and moral obligation to produce profits, and aim to do this by reducing un-necessary waste and red-tape, removing clearing?

We all know that the Banks control Government, that is blatantly obvious.:rolleyes:

When is your birthday? I would like to buy you a tinfoil hat.

Inactive

BarclaysManager wrote: »

The largest shareholder in Barclays, and in HSBC, are pension funds.

Damn those greedy old people and their pension funds!

Or, maybe, just maybe... the banks could be responding to their legal and moral obligation to produce profits, and aim to do this by reducing un-necessary waste and red-tape, removing clearing?



.

Perhaps they could make a start on profit increases by reducing Directors etc. bonuses, instead of removing cheques..:rolleyes:


Only greedy pensioner that I know of is Sir Fred..

Extant

Inactive wrote: »

Perhaps they could make a start on profit increases by reducing Directors etc. bonuses, instead of removing cheques..:rolleyes:

The job market is a competitive place, they'd just go somewhere else and we'd end up with poorer quality people in place.

It's also pointless as cheques are in decline anyway - there's no benefit in keeping cheques as people just stop using them less.

Although I am sure you will start a silent protest in writing out numerous cheques for one pence each.

Only greedy pensioner that I know of is Sir Fred..

Because he took what he was contractually entitled to? Good god, someone stuck to a contract!

If he'd been fired he'd still have gotten £420,000 a year.

Ifts

BarclaysManager wrote: »

Think realistically - is that usage enough to justify the continuation of cheques?

Its one of many uses. I am expressing my opinion if I think cheques still have a purpose, like many other posts on this thread that agree that they would like to see the cheque book stay. Its an open forum so everyone is entitled to their view.

BarclaysManager wrote: »

Sorry Lansdowne, but there is no amazing benefit to cheques that cannot easily be replicated or replaced with a little education.

Whether you think we are educated or not, I am educated enough to know its a beautiful day out there and I am now going out to enjoy it, don't really want to waste my day in front of the computer doing tit for tat. Im wrong and your right. Ive expressed my views and your entitled to yours but you don't have to counter everyones that you dont agree with. Fairplay it must be hard work replying to all those posts.

Time to go and enjoy the lovely weather :wave:

anna42hmr

withnell wrote: »

What about birthday gifts? My grandparents always used to send me a cheque - bit impersonal for them to just put a note in the card "I've FPed you the money"

i agree with you on that one, as occasionally my parent send cheques to relatives for birthdays /christmases especially those that live a few hundred miles away or when they have asked for money, no way would we risk cash and postal orders are also going to be less easy to get, especially with closure of post offices etc

also for some reason cap 1 hate my lloyds debit card, they never accept it for payment of my credit card bills on their site (though no one else has an issue) and whilst i have a dd for the minimum balence, have to pay with cheque for any additional amounts i pay off at the bank. i am sure that others experience this with other organisations too, (indeed a few people i work with also have problems with paying with lloyds card on cap one site??) I have a natwest current acc as well, and it does accept that card so can pay with that, but i use lloyds as my bills account and would prefer to use that.

I would like to see cheques still around, maybe on a request only basis, i understand that its not worth the banks sending them out automatically, but whats the harm in people being able to request a cheque book if needed

Extant

Ifts wrote: »

Ive expressed my views and your entitled to yours but you don't have to counter everyones that you dont agree with.

Forums are a place for the exchange of views; debate and discussion.

Isn't that sort of the point?

Extant

anna42hmr wrote: »

i agree with you on that one, as occasionally my parent send cheques to relatives for birthdays /christmases especially those that live a few hundred miles away or when they have asked for money, no way would we risk cash and postal orders are also going to be less easy to get, especially with closure of post offices etc

Postal orders are also just cheques now.

also for some reason cap 1 hate my lloyds debit card, they never accept it for payment of my credit card bills on their site (though no one else has an issue) and whilst i have a dd for the minimum balence, have to pay with cheque for any additional amounts i pay off at the bank. i am sure that others experience this with other organisations too, (indeed a few people i work with also have problems with paying with lloyds card on cap one site??) I have a natwest current acc as well, and it does accept that card so can pay with that, but i use lloyds as my bills account and would prefer to use that.

I would like to see cheques still around, maybe on a request only basis, i understand that its not worth the banks sending them out automatically, but whats the harm in people being able to request a cheque book if needed

From Capital One's website:

Standing orders, telephone & internet banking
If your bank offers a standing order service, telephone or internet banking, the Capital One bank account details to use are: Bank account number 81077082 sort code 40-02-50. Please contact your bank by either going into one of their branches, by phone or through your online account. Please quote the 16 digit number on your Capital One credit card, with no spaces or dashes, as a reference. This will ensure your payment reaches your account as quickly as possible.

http://www.capitalone.co.uk/creditcards/faqs.jsf

So there's an easy alternative to cheques for you there, and you can do it all from your house!