| General > General Technical Chat |
| Cheques being phased out in Australia by 2030 |
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| Halcyon:
--- Quote from: rdl on October 09, 2023, 11:26:39 am ---I write two checks every month and one I could avoid if I wasn't so lazy. But how would I pay my credit card if there were no checks? I guess these days there's some way to transfer the money directly? --- End quote --- Do you guys not have "direct debit" or transfers between banks? i.e.: The minimum balance just gets deducted from your normal savings account by the credit card company automatically, or you manually transfer the funds via internet banking to a BSB and account number? |
| sleemanj:
--- Quote from: rdl on October 09, 2023, 11:26:39 am ---I write two checks every month and one I could avoid if I wasn't so lazy. But how would I pay my credit card if there were no checks? I guess these days there's some way to transfer the money directly? --- End quote --- In most places in the world, login to your bank website/app, choose to send some money, enter the recipient account or search known payees, enter the amount (and if you want it one-off now, or at a future date, or recurring), and hit the button. Money leaves your account and arrives at the destination, be it your credit card, your power company, or your mate Jimbob, within a short tIme. US has a very old complicated and brittle banking system which is very resistant to change for various reasons, so the old ways live on there with checks. |
| DennisCA:
I think cheques where basically phased out by the late 1980s in Finland? I can't remember ever having seen a cheque outside an american TV show. |
| DennisCA:
--- Quote from: tszaboo on October 09, 2023, 09:11:19 am ---I hope you guys can still pay in salt or silver coins. I mean, do the bad government want to get rid of directly exchanging donkeys for goods? Can you still use seashells though, right? --- End quote --- Who doesn't know how to use the three sea shells? |
| tggzzz:
--- Quote from: Halcyon on October 09, 2023, 05:02:28 am ---I can't think of a single use-case, other than consumer stubbornness, that can't be satisfied with current technologies, in a faster, cheaper and arguably more secure manner. --- End quote --- Sending a present. Not wanting to send bank details by an insecure mechanism, e.g. email. Old people that can't use the internet, for any/all of several reasons. Having a paper trail accessible in 15 years time. Small local charities can prefer to receive subscriptions/donations by cheque, since it is easier for the charity's treasurer. No doubt there are others. You might not be able to think of them because they don't apply to you, but Martin Niemöller wrote a well-remembered poem that is relevant beyond its origin. |
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