Check Accounts

In recent history checks and checking accounts were the best method to make your day-to-day financial transactions.  Technological advances means that making a financial transaction is nothing more than a click away; but fortunately checks are not redundant.

Its common knowledge that punters use checks far less than say 20 years ago.  Credit cards, online payment channels like PayPal are an easy and convenient alternative.  There are however some situations that just cry out for the old fashioned check.

Slowing Down Payment

Occaisionally when your cash flow is slow you may want to slow down your own payments.  Cash flow is all important and paying a bill by check can buy you a day or two extra.  By the time you put your payment in the mail, your creditor banks the check, and then it clears at your bank can easily take 2 or 3 days.  However for all intents and purposes you have paid the moment your creditor receives the payment.

Playing It Safe

Bank checks are only issued by a bank if you pay for them first, and so they are guaranteed by the bank and as such are a safe as cash, with the added bonus of the check being written in the name of the person it is intended for. This added level of security is required ofr many important transactions like buying a car or a house.

Business Still Like to Pay By Check

It may seem old fashioned, but many business still like to use checks to pay their bills.  They are easily mailed and provide a written record of your payment in the stub.  Many small business owners like to sit down with their checkbook and pile of bills once a month and clear all their bills in one sitting.

There are many more possible uses for the old fashioned check.  A takes just a little imagination to think of ways that using checks could make your life a little easier.  If you haven't written on for a while give it a try.