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Cheques being phased out in Australia by 2030

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themadhippy:
so if cheques disappear what are all the lottery and competition winners going to hold up for publicity? a comically  over size screen showing an electronic transfer?

tggzzz:

--- Quote from: themadhippy on October 10, 2023, 11:53:50 am ---so if cheques disappear what are all the lottery and competition winners going to hold up for publicity? a comically  over size screen showing an electronic transfer?

--- End quote ---

Oooh! I hadn't thought of that use case :)

In other news a child has discovered that floppy disks are made to look like a wordprocessor's "save" hieroglyph icon, but has yet to realise why you dial telephone numbers.

PwrElectronics:
I still use checks for a few monthly bills paid through the mail.  Some of those bills I setup for auto-pay due to the business poor habits of sending out the paper bill in the mail that would not get to me quickly and the due dates being too close that I was getting hit with late fees too often.  For "reasons" the US mail is getting slower in some areas.

I probably have not written one on the spot at a store for several years.  Some stores no longer will accept checks, only credit card or cash.

My observation is the folks writing a check at the till in a store tend to be elderly (age 70s or older).

tggzzz:

--- Quote from: PwrElectronics on October 10, 2023, 04:44:36 pm ---I still use checks for a few monthly bills paid through the mail.  Some of those bills I setup for auto-pay due to the business poor habits of sending out the paper bill in the mail that would not get to me quickly and the due dates being too close that I was getting hit with late fees too often.  For "reasons" the US mail is getting slower in some areas.

I probably have not written one on the spot at a store for several years.  Some stores no longer will accept checks, only credit card or cash.

My observation is the folks writing a check at the till in a store tend to be elderly (age 70s or older).

--- End quote ---

Here that was only done with a "cheque guarantee card", which guaranteed the retailer would receive their money. They were phased out in 2011.

Bicurico:
I used cheques in the past when buying or selling a house.

The cheques are authenticated by the respective bank, warranting that the respective funds have been captivated.

Paying in cash is not allowed for payments over 2000 Euro (here in Portugal) and hence these cheques are the only real secure way of transfering funds against a signature in the ownership papers.

Electronic transfers take one day so seller and buyer would have to trust a lot in using this.

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