Funds Insider - Opening the door to funds

Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error
Do you ever use your chequebook?
+ Reply to discussion
Options
Tony Forbes
Posted: 05 November 2010 16:52:39(UTC)
#71

Joined: 08/01/2008(UTC)
Posts: 1
It's about time the goverment sorted out the banks and made them offer a proper service to their customers ... this is obviously a scheme to start charging for cheques and personal accounts in general .... quite frankly it is cynical and should be slapped down rightaway ... what planet do these people operate on
Back to top Quote
Anthony Beck
Posted: 05 November 2010 17:03:03(UTC)
#72

Joined: 08/08/2008(UTC)
Posts: 1
I use cheques all the time. Not only is it an easy way of paying, but you also have a record of debits you have made/are making on your bank account.

It has never occurred to me that the banks would want to eliminate this useful, convenient and universally employed method of transferring small/smallish sums of money, whether as a payment or a gift.

A. H. Beck
Back to top Quote
John Howard Norfolk
Posted: 05 November 2010 17:14:43(UTC)
#73

Joined: 09/08/2010(UTC)
Posts: 26
To "Bouncing Czech"

Please do not be so selfish.

There are many of us who are hard of hearing or indeed deaf and therefore totally unable to use telephone payment systems, even unable to order goods by phone and pay be credit card.

We NEED a cheque system.

I am not alone - the RNID estimate that one in seven of the British population have a hearing loss.
Back to top Quote
Mike V
Posted: 05 November 2010 21:13:27(UTC)
#74

Joined: 07/07/2008(UTC)
Posts: 17
I am afraid its precisely the attitude of the banks and the 'Bouncing Czech' who will lead us into the 'Brave New World' of the society where everyone has to have their sort codes and account numbers on their letter headings or whatever (and how secure is that?)
What is their problem? No-one is for one second suggesting that BCA's be outlawed, all many of us want is a parallel system.
As for Bouncing Czech, I did say 'the country you say you come from' did I not? since I had the feeling you were a bit of a fraud all along and thank you for proving me right!

Back to top Quote
Caz
Posted: 06 November 2010 16:17:19(UTC)
#75

Joined: 06/10/2009(UTC)
Posts: 2
I agree with the earlier comments that the banks would like to reduce their costs and see discontinuing cheques as a cost cutting exercise.

Although I regularly use cards etc for payments, I still use cheques once or perhaps twice a week to pay small - and sometimes - larger businesses. The alternative way for me to pay the milkman and the paperman would be by cash rather than any type of electronic transfer. Cheques also help me keep keep track of my money and maintain a record of whether a bill has been paid.

My vote is to keep cheques.
Back to top Quote
Anonymous Post
Posted: 06 November 2010 18:37:15(UTC)
#76
Anonymous 1 needed this 'Off the Record'

I have a NatWest bank account.
Recently I had a number of deliveries.
I was asked to pay by cheque, which I did.
On my statement I found a charge of 88p/cheque.
Not all cheques are free.
Also, I cannot help but wonder, considering banking overcharges, whether that is a reasonable charge.
Irrespective of the above I vote for cheques
Back to top Quote
Stephen Dee
Posted: 06 November 2010 21:55:34(UTC)
#77

Joined: 09/10/2009(UTC)
Posts: 1
As has been overwhelmingly stated - cheques are useful and in some situations there is no sensible alternative. They should be retained.
Back to top Quote
clive chafer
Posted: 07 November 2010 10:47:22(UTC)
#78

Joined: 11/09/2010(UTC)
Posts: 2
What utter lunacy to suggest suggest that cheques should be phased out and typical of the crackpot ideas that are continuously thrown in the direction of the public by our leaders. Cheques are extremely useful and probably indispensable in a wide range of circumstances, as has already been shown by the comments that you have received on this.

It's a funny democracy that seems to be carried in the opposite direction to that which is overwhelmingly supported by public opinion. There are so many examples of this, cheques being but a very small one, that one has to ask how we can make our elected representatives do what the majority of the people want. That is surely the point of democracy as a concept.
Back to top Quote
John Howard Norfolk
Posted: 07 November 2010 12:35:39(UTC)
#79

Joined: 09/08/2010(UTC)
Posts: 26
Am I the only person to remember a cheque book costing money?
In the 1960's I was charged 4/2 (four shillings and tupopence) each time I requested a new chequebook. This represented stamp duty at tuppence a cheque on a book of 25 cheques.
I worked in several banks right up to the late 1970's and it was not unusual to see cheques appearing with the stamp duty symbol in the corner at that time - no doubt issued by some folks who who took a very long time to get throught their cheque book!
It occurs to me that the Chancellor may nbe missing a revenue raising trick here. By re-introcing stamp duty on cheques at the same time as the banks agreeing to continue the cheque clearing system, we could have a relatively painless way of raising tax revenue while allowing the advocates of new payment methods to avoid the duty and the cheque using diehards to be placated.
That includes me: being deaf I am unable to use telephone banking or retailers' phone ordering systems so cheques are a must for the deaf community.
Back to top Quote
Jeremy
Posted: 08 November 2010 08:07:38(UTC)
#80

Joined: 08/11/2010(UTC)
Posts: 1
This shows the bankers' greed; increase the billions of profit without consideration of their customers.Cheques are very useful for paying small businesses e.g. Newsagents. Also for payments to charities,small gifts to relatives.What is the alternative suggested? Where have the friendly,considerate bankers gone ? Their adverts would appear to show a certain amount of hypocrisy.

Back to top Quote
10 Pages«Previous page678910Next page
+ Reply to discussion

Markets

Other markets