Sign of the times? UK Banks to vote to abolish checks
When was the last time you wrote a check? Can you even remember?
I used to buy boxes of 250 checks at a time several times a year for my personal account. Now I use one packet of 25 checks in a year.
Check usage has fallen in the UK by almost two-thirds in the last 20 years. According to the Telegraph:
The Payments Council, which is a panel made up of representatives from the major banks, are to vote on December 16 to abolish the cheque. Cheques as a payment form date back to Persian and Roman times.
The plan is to discontinue checks (cheques) by 2018.
Retail stores in my neighborhood are already putting out signs saying that they no longer accept checks for payment. Looks like the deadline may be much sooner by simple attrition.
