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Do you ever use your chequebook?
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David Tennant
Posted: 01 February 2011 11:35:23(UTC)
#91

Joined: 21/03/2010(UTC)
Posts: 5
Keep Cheques !
For reasons well documented above.
Plus the cost of processing cheques is already paid for by the negligble interest on current accounts
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Altogether now
Posted: 01 February 2011 11:54:18(UTC)
#92

Joined: 11/08/2010(UTC)
Posts: 19
If cheques are so inefficient and costly how come the banks use them to transfer my ISA money from one to another. Presumably so that the inefficiency works in their favour to squeeze the last couple of days interest for themselves.
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Peter Michael
Posted: 03 February 2011 17:30:46(UTC)
#93

Joined: 01/11/2009(UTC)
Posts: 1
Although I do not use a large number of cheques I have written three during the last couple of weeks; one to a club of which I am a member and two to small independent traders. All of these would be hugely inconvenienced by loss of the cheque facility and in one case might find it impossible to continue trading. As others have said the proposal to drop cheques is for the benefit of the banks; presumably so that they can pay even more grotesque bonuses to a few of their staff.
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Barry1936
Posted: 04 February 2011 10:22:25(UTC)
#94

Joined: 18/10/2010(UTC)
Posts: 12
A cheque is only a preprinted instruction to a bank. In their absence, I wonder what the legal position would be if I wrote a letter to the bank instructing them to pay from my funds £x to a named individual. Could they refuse, bearing in mind it is my money and not theirs?
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normski
Posted: 04 February 2011 10:36:39(UTC)
#95

Joined: 29/03/2010(UTC)
Posts: 42
It is just great to receive a cheque especially a hand written one , why be modern?
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Dennis .
Posted: 04 February 2011 11:44:45(UTC)
#96

Joined: 26/12/2007(UTC)
Posts: 1,018
In theory a cheque can be written on anything, a farmer once wrote a cheque to his bank on the side of a cow in protest at his bank charges. Evidently they accepted it but the cheques clearance fee charged by the bank was non standard too!
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John Aislabie
Posted: 04 February 2011 20:55:07(UTC)
#97

Joined: 12/08/2009(UTC)
Posts: 4
Clearly there is no chance of cheques disappearing without inconvenience to those noted above.
But i would comment for the other side of the coin that I wrote a cheque last year and regret having a book for such limited usage.
Also having lived in Japan I would note that (although they have the oldest population the world) there are no cheques.
The invoices for most things (utilities, phone etc) have a voucher attached which allows payment by cash at most general stores or post offices.
For most payments however the ATMs are used since they are designed to take, as well as give out, money.
Japan is still far too much of a cash society despite mobile phone payments and other electronic methods.

But if you really want to be impressed at how banks are different there; in 10 years my bank never sent me a single piece of paper by mail.
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Sushma Dua
Posted: 04 February 2011 21:15:03(UTC)
#98

Joined: 03/02/2011(UTC)
Posts: 1
cheque book is certainly not outdated as far as I'm concerned. I use it very very frequently to make payments and also draw out cash for myself.. It gives me the feeling of security. I don't have to remember all kinds of passwords and I'm not worried about anybody looking over my shoulder or hijacking my account..

So long live the cheque books sya I.
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