Comments on: Are Cheques Still Useful Nowadays?

By: Azmeen

Azmeen — Sun, 18 Nov 2007 18:55:42 +0000

Thanks for your comments Deslack and mypapit,

Perhaps I should have phrased my introduction better. It’s not really for purchases but usually for payments of fees and the like.

A weird example I can relate right now is opening of a checking account which requires the initial deposit to be in (of all things) cheque!

Now getting back to Deslack’s comment about many establishments’ refusal to honour cheques. The thing about cheques is that they’re just too easy to issue. However, there’s no promise that the cheque will eventually go through. Hence the refusal of many merchants to accept cheques as a form of payment.

Personally, I wouldn’t be inclined to accept cheques either… unless of course its from a customer with a proven history.

By: mypapit

mypapit — Sun, 18 Nov 2007 17:39:09 +0000

hmm i havent found places that request me to pay solely by cheques. Almost all of them readily accepts credit cards, mepcash, a small fraction of them accepts money order and postal order and the likes of it.

By: Deslack

Deslack — Sun, 18 Nov 2007 15:43:58 +0000

I have not encountered those, to be frank. Instead I have a preference to cheques. And many retailers refuse to honor them.

Hard cash is risky to carry around, nowadays. That is why I prefer cheques.

Do tell us what store insisted on u drawing a cheque to them?