Tuesday, August 17, 2010

Are You Still Using Checks

I still use checks and according to MSN Money I am one of a few who still do. My first preference is using money orders. Your personal information is passed around as many times as we breathe air during a 24 hour period which puts you at an increased risk for identity theft.

Whole Foods has begun refusing checks as payment in some of their stores and has plans to expand the policy to other stores. Banana Republic also began a no check writing policy that went into effect in the fall of 2009.

I liked it when you had to go to a bank to make transactions and the only means of payment was writing a check or using a credit card. I use electronic transactions such as a debit card or credit card but prefer to pay for items with cash.

I don't like being forced to use a particular payment method such as the automated check system that scans your check and accesses your account immediately. This prompted me to start using money orders again, that way I don't have to worry about anyone accessing my bank account. I don't do online banking and don't setup automated payments.

I know checks are going to be retired but I am holding on for dear life and will continue to use them until I am forced to use another method of payment.

Some consumers are afraid or uncomfortable using ATM and debit cards. Others, are hesitant to use them for fear of becoming a victim of identity theft. I wonder, if those who write checks now will no longer be able to write checks in the future and don't want to use a debit card or credit card, what payment method will banks provide for them? Only time will tell what the future holds.

If you are a check writer like me, write your congressman and request that businesses accept checks as a form of payment. I will be writing my letter right along with you.

2 comments:

Anonymous said...

afads

Joe said...

i always suggest my friends and relatives not to use credit cards. i personally dont use checks but I do have an ATM card. it works for me. Checks are still better than ATM cards because you can't get your money out all the time and we should learn to spend our life without money. but peoples are relying more on crediting system. because a good score is a need of today and many thanks to Credit Repair Companies who are helping innocent people getting back their score.