Using Cheques

[sleep envy]

Du1point8 said:

crankedup said:

So the banks want to do away with cheques because retaining them is not worth their investment - what a surprise. Wonder if the coalition may step in to stop banks steam rollering this slice of old age money transfer.

Its not a right... its the banks own decision to stop using them, if its losing them money why should they carry on to appease you?

Are you incapable of using any of the other transfer services that they offer?

Remember that accounts in the UK are free and that is a great privilege that is not afforded in many countries, how about if you want a cheque book they stick a £5 a month cost on that for the choice to have one after all it is a choice and therefore its up to them to decide what to do.

Did you also protest when analogue TV sign was turned off as age old way of entertainment the masses?

Things change and people need to adapt hence now you can almost survive cashless, I only have it for the corner shop as everyone else takes card.

hold up

if you want to draw a large amount of cash at the counter you need a cheque book to do so

they're reducing their level of service

Edited by sleep envy on Monday 13th December 14:09

[Shuvi Tupya]

I have used cheques ever since I got into some financial trouble and the bank charged me £6000 in illegal bank charges, which have now been made legal as i understand.

Since using cheques rather than direct debits i have not had any of these bank errors or charges ebing put on my account.

They are getting rid of them because it is much easier for them to screw over customers that have direct debits IMO.

[pad58]

I write 3-4 a day .
Until the day comes when all transactions are delt with via the debit/credit card system i can't see any changes
in the near future.
Without checks i can't run my business.

[sleep envy]

Shuvi Tupya said:

They are getting rid of them because it is much easier for them to screw over customers that have direct debits IMO.

do you mean they're making easy money out of people who can't balance a bank account?

[Big E 118]

It's something I've looked into in quite a lot of depth as I need to accomodate this within my business as we receive a lot of cheque payments.

The majority of the people I've spoken to at the banks say that the 2018 "deadline" for the halt on cheques will not happen, they'll have to run them longer than that and the complete stop on cheques may never happen.

Saying that charges on cheques are becomming excessive and even if it doesn't become legislation to complete abolish cheques the banks can still price them so they are not an attractive option.

Saying that, as far as me personally I couldn't tell you the last time I used a cheque or even if I have a cheque book!

[Fittster]

The kind of people who use internet forums won't miss them. The elderly who aren't technoliterate will suffer from this measure.

[Kermit power]

sleep envy said:

Du1point8 said:

crankedup said:

So the banks want to do away with cheques because retaining them is not worth their investment - what a surprise. Wonder if the coalition may step in to stop banks steam rollering this slice of old age money transfer.

Its not a right... its the banks own decision to stop using them, if its losing them money why should they carry on to appease you?

Are you incapable of using any of the other transfer services that they offer?

Remember that accounts in the UK are free and that is a great privilege that is not afforded in many countries, how about if you want a cheque book they stick a £5 a month cost on that for the choice to have one after all it is a choice and therefore its up to them to decide what to do.

Did you also protest when analogue TV sign was turned off as age old way of entertainment the masses?

Things change and people need to adapt hence now you can almost survive cashless, I only have it for the corner shop as everyone else takes card.

hold up

if you want to draw a large amount of cash at the counter you need a cheque book to do so

they're reducing their level of service

I don't know who you bank with, but that's certainly not the case with Natwest. I took out several thousand pounds on a number of instances over the last couple of years whilst we were having building work done, and never required anything other than my debit card to do so.

If a business can't be arsed to accept card payments, then I can't be arsed to give them my business, and will only do so when there is no alternative.

[Du1point8]

sleep envy said:

Du1point8 said:

crankedup said:

So the banks want to do away with cheques because retaining them is not worth their investment - what a surprise. Wonder if the coalition may step in to stop banks steam rollering this slice of old age money transfer.

Its not a right... its the banks own decision to stop using them, if its losing them money why should they carry on to appease you?

Are you incapable of using any of the other transfer services that they offer?

Remember that accounts in the UK are free and that is a great privilege that is not afforded in many countries, how about if you want a cheque book they stick a £5 a month cost on that for the choice to have one after all it is a choice and therefore its up to them to decide what to do.

Did you also protest when analogue TV sign was turned off as age old way of entertainment the masses?

Things change and people need to adapt hence now you can almost survive cashless, I only have it for the corner shop as everyone else takes card.

hold up

if you want to draw a large amount of cash at the counter you need a cheque book to do so

they're reducing their level of service

Edited by sleep envy on Monday 13th December 14:09

I cant remember the last time I have needed to have a cheque to withdraw large amounts of cash, but then I always do it all electronically without the need for physical cash to be in my hand.

Are they removing business cheques too or all cheques?

[elster]

Where has this been announced?

How am I meant to pay for things in France?

[elster]

[redacted]

[Shuvi Tupya]

sleep envy said:

Shuvi Tupya said:

They are getting rid of them because it is much easier for them to screw over customers that have direct debits IMO.

do you mean they're making easy money out of people who can't balance a bank account?

Only those with direct debits.

[Pints]

elster said:

Where has this been announced?

How am I meant to pay for things in France?

http://www.bbc.co.uk/news/business-11972334

[sleep envy]

Du1point8 said:

sleep envy said:

Du1point8 said:

crankedup said:

So the banks want to do away with cheques because retaining them is not worth their investment - what a surprise. Wonder if the coalition may step in to stop banks steam rollering this slice of old age money transfer.

Its not a right... its the banks own decision to stop using them, if its losing them money why should they carry on to appease you?

Are you incapable of using any of the other transfer services that they offer?

Remember that accounts in the UK are free and that is a great privilege that is not afforded in many countries, how about if you want a cheque book they stick a £5 a month cost on that for the choice to have one after all it is a choice and therefore its up to them to decide what to do.

Did you also protest when analogue TV sign was turned off as age old way of entertainment the masses?

Things change and people need to adapt hence now you can almost survive cashless, I only have it for the corner shop as everyone else takes card.

hold up

if you want to draw a large amount of cash at the counter you need a cheque book to do so

they're reducing their level of service

Edited by sleep envy on Monday 13th December 14:09

I cant remember the last time I have needed to have a cheque to withdraw large amounts of cash, but then I always do it all electronically without the need for physical cash to be in my hand.

Are they removing business cheques too or all cheques?

dunno chap - my guess is they'd need to keep them for business acc

went to HSBC last week to draw out some cash (couldn't transfer the money), they wouldn't let me take out above £999 without my chequebook

bit of an arse as I had DL and other photo ID with me

[elster]

Pints said:

elster said:

Where has this been announced?

How am I meant to pay for things in France?

http://www.bbc.co.uk/news/business-11972334

So it is a plan by the Payment council, how very odd. I take it none of the do business on the continent.

I can't see this being EU-wide.

[sleep envy]

[redacted]

[Steameh]

I wonder, does this also mean the loss of bankers drafts? Effectively it's a cheque drawn on the bank...

[dreamer75]

I use one every week to pay the cleaner, and use them regularly to pay small companies - especially motorsport type companies and especially when purchasing by phone/post. Many of these companies either don't accept credit cards (the cleaner doesn't take any cards), or charge you a supplement for paying by cc.

I didn't realise they were ditching them - what a pain, I will have to keep visiting the bank to withdraw cash

[Broccers]

We still use them at work for the simple routine of we always have, plus they take a while to arrive and get processed...

[sinizter]

dreamer75 said:

I use one every week to pay the cleaner, and use them regularly to pay small companies - especially motorsport type companies and especially when purchasing by phone/post. Many of these companies either don't accept credit cards (the cleaner doesn't take any cards), or charge you a supplement for paying by cc.

I didn't realise they were ditching them - what a pain, I will have to keep visiting the bank to withdraw cash

They will either adapt or go back to using cash only. They will adapt, as they might find that people keep forgetting to withdraw sufficient cash.

I paid an electrician a little while ago with a bank transfer (done while he waited) as I didn't have enough cash on me and I couldn't locate my cheque book.

[davepoth]

They won't ditch them. The difficulties involved are too great (especially the international issues when people send a cheque) which will mean what will happen in the end is that you will take the cheque into the bank and it will be verified by the bank clerk rather than being sent for clearing, basically exactly what happens at the paying in machine, just without the cheques being sent to London before you get the money.