| General > General Technical Chat |
| Cheques being phased out in Australia by 2030 |
| << < (4/59) > >> |
| jpanhalt:
I can understand why some businesses would not take plastic. The fees charge for plastic are high, and profit margins for some businesses are quite low (e.g., 5%). One local market I go to has a minimum for using plastic for that reason. |
| EPAIII:
I still routinely pay my lawn crew with a check. I don't think they can take credit cards or any kind of direct transfer of funds. The only other way would be cash but the government wants to do away with that as well. Other service providers also want cash or a check - no credit cards. My AC service man. My appliance services. So, what happens from there? But I can see where more than one government agency may find the idea of having all financial transactions totally traceable would be a good one. But that does not mean that I would. I am probably too old to ever trust something like bit-coin. I just had a thought. When a certain political party here finds out that their imported "voters" only want cash, they may change their minds about all this. Of course that won't happen in every country. |
| EPAIII:
Just as an aside, my bank now has a cell phone "app" that allows me to deposit checks by taking pictures of the front and back, with my endorsement signature. I get one check every month and deposit it that way with no problems. After depositing them that way, I just mark them "Deposited" and stuff them away. The bank never gets the actual paper check. I guess after a while I can destroy them. This may be an intermediate step. |
| BrianHG:
Still use checks for some private contractors like hiring painters / renovaters / yard work / plumber / temp employees. I cant see paying them cash as some of them would be receiving upwards of a few thousand dollars. A check also leaves a traceable paper trail as the receiving bank sends my bank a scan of the deposited check they had to sign the back of. I wouldn't know how to send large sums of money except for a money transfer which involves going online and dealing with my bank's website having to get everything done right... I basically have this little book of blank checks. I write down the recipients name, a dollar amount, and sign. Then give it or mail it to the recipient. It's very convenient and doesn't require an online connection. |
| AndyBeez:
When did I last write a cheque/check? Let me look... Whoa 2008. I still had surfers hair back then :) |
| Navigation |
| Message Index |
| Next page |
| Previous page |