Originally Posted by Halcyon

Problem is it isnt straight off. It takes up to 4 days so your money hasnt gone out straight away.

Originally Posted by Chrysalis

its an ancient method of payment and I am surprised its taking so long to ditch them.

my main gripe with cheques is that they very slow to clear which adds inconveniance and too much oppurtunity to rip people off, its all too common to write out cheques knowing will bounce.

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card fraud exists but personally I have only suffered from it once and that was online. I never found out the reason of how it happened, the bank refunded me but never got back to me after.

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its expensive for the banks when you consider cheque guaruantuee cards as well. They have to honour the payment even if the payer doesnt have the money, it then becomes debt they have to chase down.