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Strugglerzinc wrote:I know you asking a legit question so humor me, but, who still takes cheques? Are they still relevant for this day and age?
j.o.e wrote:Strugglerzinc wrote:I know you asking a legit question so humor me, but, who still takes cheques? Are they still relevant for this day and age?
Cheques are still used but they’re as good as your name. I personally use it to move around money between my accounts when the amounts are too large for online banking.
They also come in handy for large purchases when you are negotiating discounts(example hardwares). As discounts tend not to be given on credit card purchases due to fees.
Yes. Don't know about other banks but republic bank has a policy that you can only withdraw cash from your business account by writing out a cheque to yourself under your name. They don't accept withdrawal slips.j.o.e wrote:Strugglerzinc wrote:I know you asking a legit question so humor me, but, who still takes cheques? Are they still relevant for this day and age?
Cheques are still used but they’re as good as your name. I personally use it to move around money between my accounts when the amounts are too large for online banking.
They also come in handy for large purchases when you are negotiating discounts(example hardwares). As discounts tend not to be given on credit card purchases due to fees.
Mmoney607 wrote:j.o.e wrote:Strugglerzinc wrote:I know you asking a legit question so humor me, but, who still takes cheques? Are they still relevant for this day and age?
Cheques are still used but they’re as good as your name. I personally use it to move around money between my accounts when the amounts are too large for online banking.
They also come in handy for large purchases when you are negotiating discounts(example hardwares). As discounts tend not to be given on credit card purchases due to fees.
Fees the merchant has to pay for credit card transactions?
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