Subscribe to Answers
I couldn't tell you where my cheque book is. I know the last time I used it a few years back, I was advised that my bank was no longer at the address on the cheque - who knew?
Many people still use checks as they worry about identiy theft.
Anthony Acosta - ALLAT...
We like the firm control and security of a check versus having to follow-thru on every wire and lately banks have been making serious wiring errors on escrow deposits.
I pay 90% of my business expenses by credit card. Wires would be difficult because increasingly banks require you do come in person to initiate the wire due to the fraud. I never go to the bank.
Fred Griffin, on leave...
I must be the odd ball out. Mainly checks for every bill I receive in the mail. Anything online or gas station I use a credit card. Most stores accept checks and run them through instantly. Otherwise, each week I get cash at the bank (cause I don't want a debit card) and use cash for most everyday transactions like food drinks, and what not. It's easy come tax time to review checks i wrote and for what. I do use paypal once in a while though.
Fred Griffin, on leave...
There are so many schools of thought on this. Our website is paid by a credit card on file. I know many do not like wire transfers, because of the bank charge for this.
Some like the feel of a written check. In the market, we use our Apple pay, and we love that. Diversity rules, and that is OK...not right not wrong, just diversity. A
Business checking account is our preferred tracking method. Why? My wife, the bookeeper wont go online but gets it done.
Paper trail- for traceability.
I pay lots of things with checks. If a company wants to charge me (and some do) to pay on line then they are getting a check. My mortgage company used to allow free on line pay (so for 14 years I paid on line) last year they wanted 5.00 to pay on line every month. Check, envelope and stamp combined are 1.25 so off that check goes in the mail.
I only use the check book once or twice a year.
Anthony Acosta - ALLAT...
I will use ANY method that avoids auto-billing which eliminates my ability to control who deserves to be paid.
Some businesses prefer checks.
I rarely use checks.
The reason most businesses prefer checks is that there are extra charges for using CC's, paypal, etc.
We rarely use a check for business. It's so much easier to keep track of business expenses with a card.
I write very few checks. Not sure why people do - with a debit card and bill pay, what more do you need? I do pay for my web site on my credit card.
I know of some companies that only still take checks because they do not want to pay the credit card fee.
I haven't ordered checks for my business account and have no plan to do so. We write maybe 2 checks a year now for those few things we pay from our personal accounts which require a paper check.
"Better" is in the eyes of the beholder, though.
I imagine some still prefer cancelled checks as a back-up verification of payment. My credit union has even those digitized, but it would still be an extra way to say "see, I paid" if an issue arises.
Others might not have business credit cards to be able to make online payments.
Others might not trust online/electronic payments. I can certainly understand that; we've had our credit card numbers abused so many times I have a set routine for when it happens. Does it stop me from using the convenience of online purchases/payments? No! but that's just me.
Wire transfers? Those can get expensive, especially in comparison to simply writing and mailing a check.
Credit cards give you milage points! Don't get that with a check.
I use a credit card, but checks for some things...
Checks allow us to have more controll over when and how much the payment is.
Far too many companies get your CC and think of it as their own personal atm card.
I have written exactly one check this year. Everything online gets paid with credit or debit card; everything like groceries or gasoline is either cash or debit card.
Credit cards or bill pay from my bank account.
I usually use my American Express....
Not all companies accept wire trnasfers so I still pay a few bills by check.
Credit cards. I only do checks for my cleaners and when dealing with tenants. As far as wire transfers, there is a $35 fee for those, so I'd only do them when time is of the essence and I have to use a wire (initial deposits on purchases, etc.).
People have their own reasons for doing what they do. Most of my payments are online. I write about 3 checks per month. I will write a check when online payment is not an option.
Good question - checks used very rarely these days...
Mostly safety, one time payments or to a company i dont know. I only write a couple a month if any
I hardly ever use checks. When I do I have to spend time finding where I put the check book.
Wire transfers are extremely expensive compared to checks and require that you have complete banking information of the recipient. Many people are not willing to provide others with that information.
Wire transfers are too much $ for bill pay. Do you make it easy to pay? Most companies that I know of don't other than credit card.
The only place that still forces us to use checks is the Post Office. I've signed up to do ACH & it's such a hassle.
As it is still an accepted method of paymeny yes.
With all the hoopla about wire transfer's probably would not get the average person to do it.
Not everyone is accepting bitcoin yet!