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We still write out cheques each month for the agri business account and all vehicle registrations. No fees tacked onto the cheques as is with credit card payments.
We still write out cheques each month for the agri business account and all vehicle registrations. No fees tacked onto the cheques as is with credit card payments.I still receive cheques from time to time, dividends from trading shares i am not registered with yet, etc
Last one was a house insurance reimbursement after change of premium $20 or so
Put it in a cba atm, was scanned and automatically read, appeared immediately but amount not available, credited fully the following day
D+1 if i remember well
We can still use cheque efficiently if required.
But yes, i have not written one for years
So you do enjoy cashless transactions, we are agreeing more and moreWe still write out cheques each month for the agri business account and all vehicle registrations. No fees tacked onto the cheques as is with credit card payments.
Governor of the RBA Michele Bullock "Maintaining access to cash. We also remain focused on access to cash for Australians.
cash remains an important means of payment for some people and is widely held for precautionary or store-of-wealth purposes. Cash is also an important backup method of payment during system outages or natural disasters, when electronic payments might be unavailable.
For these reasons, the RBA places a high priority on the community continuing to have reasonable access to cash withdrawal and deposit services."
I haven't written a cheque for years. Can't see the point with BPay.
You have to go to the PO and line up to get a stamp to post your cheque, whereas you can do it in seconds online.
Also the recipient knows that your BPay isn't going to bounce because you have the money in your account.
Refusal to Pay
There are a number of reasons why a bank may refuse to make payment on a cheque:
- there are insufficient funds to cover the amount of the cheque (sometimes cheques payable to the payer's account have not been cleared);
- the cheque is not completed properly e.g. it is not dated;
- there is a discrepancy between the amount of the written sum and the figures e.g. "two hundred and ten dollars" and "$201-00" the cheque is post-dated and the cheque is presented before that date;
- the payer has stopped the cheque; there is reason to believe the payer does not have the mental capacity to write the cheque; the payer is subject to a bankruptcy petition.
What is a cheque?
Although not used as much as in the past due to the widespread use of the internet and credit cards, cheques still remain the method of choice for many people when paying bills.www.smh.com.au
We are still using the cheque book but only for payment for veh registrations and agri account, as these do not hit us with a percentage surcharge.A cheque is really just a promissory note, a lot of trust and honesty required. When they were commonly used, we would not release anything until the cheque was cleared, or we knew and trusted the payee.
I still have a cheque book for my business but haven't used it about 2 years.
I wonder if cheque users actually had to cover the costs and were not subsidised, what the charge per check would be.We are still using the cheque book but only for payment for veh registrations and agri account, as these do not hit us with a percentage surcharge.
I haven't written a cheque for years.
Couldn't give a toss as mine are FREEI wonder if cheque users actually had to cover the costs and were not subsidised, what the charge per check would be.
Same.
As for a surcharge for paying bills such as car rego, etc, it probably depends on which state or territory you are in. In Canberra there isn't one if you pay by a CC.
The oddest, and very unfortunate, "surcharge" is the one which some charities use.
Yes, since digital payments have overtaken cash, it has been extremely easy for every large organisation to introduce a fee or surcharge.
None of the anti cash people like you explained how things work in a cashless system when the system is temporarily down (internet outage, power outage, EFTPOS terminal down, apple pay gets hacked, etc). The old manual backup systems for processing credit cards are clunky and inferior to cash for a number of reasons. Plus what if you want privacy for a transaction. Cash gives you far more privacy than anything else.very hard to keep the system going just to keep a few backward people happy. At some point we have to say it’s time to move with the times people.
"Backwards people"... Notice how the ideologically possessed always resort to ad hominem?None of the anti cash people like you explained how things work in a cashless system when the system is temporarily down (internet outage, power outage, EFTPOS terminal down, apple pay gets hacked, etc). The old manual backup systems for processing credit cards are clunky and inferior to cash for a number of reasons. Plus what if you want privacy for a transaction. Cash gives you far more privacy than anything else.
well i prefer tangible commodities , but each their own ( wealth isn't so useful to corpses )"store-of-wealth purposes" Really?
"store-of-wealth purposes" Really?
I have explained that.None of the anti cash people like you explained how things work in a cashless system when the system is temporarily down (internet outage, power outage, EFTPOS terminal down, apple pay gets hacked, etc). The old manual backup systems for processing credit cards are clunky and inferior to cash for a number of reasons. Plus what if you want privacy for a transaction. Cash gives you far more privacy than anything else.
Yep, that’s why the system is being canned though. Can’t really complain when it does.Couldn't give a toss as mine are FREE
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