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Are cheques safe?

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Comments

  • Biggles
    Biggles Posts: 8,209 Forumite
    1,000 Posts Combo Breaker
    bigfreddiel wrote: »
    My OP was more about the information on the cheque, not the cheque itself, I know they're on the way out.

    But the information? Would you happily post the information on your cheque here? After all the bank obviously thinks it's safe, so surely it would be okay?
    Utility and credit card companies obviously think it's safe, too, as they put that information on their paying-in slip which are still attached to the bottom of all their bills.
  • Kernel_Sanders
    Kernel_Sanders Posts: 3,617 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    takman wrote: »
    the cost to receive payments is 1.75% with no other charges at all.

    So it's not really a very big amount
    If your profit margin is 25% on card sales then the charges represent a significant 7% of that gross profit.
  • KingS6
    KingS6 Posts: 400 Forumite
    Are cheques safe? I'm not sure some people say they are highly explosive :rotfl:
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