We used to rely on paper checks to do most of our business. All the bills would be paid by a personal check and going to the grocery store meant using a check. Other shopping at the stores required checks as well, if you didn’t have cash. This is no longer the case. Paper checks have become a thing of the past.
Here are some things that will help you understand why checks are obsolete:
Online Bill Pay
It has never been easier to pay your bills. Simply get on your computer and click away. Before you know it, your bills are paid and you don’t have to worry about whether the check is getting to the business on time. You will get a confirmation that the money has been received so there is no more guesswork.
Debit Cards are one of the main reasons that paper checks have gone the way of the dinosaur. Although many people still use the traditional check, most people opt to use the debit card. It is much easier and faster to use the card. You don’t have to write it out and you don’t have to wait for it to clear. It is taken out of your account almost immediately. By the time you complete you purchase and get home to log onto your computer, the charge will almost already appear on the account. That beats waiting for a week or two before it shows up.
When you have credit cards and debit cards, you no longer have to carry around a bulky checkbook. Sure, credit cards have been around for a very long time. They hold a different meaning today though. If you don’t have money in your checking account, you can’t use your debit card. A credit card becomes the next best thing.
Most businesses have direct deposit for their employees. That means that they don’t have to use paper checks as much either. The money goes straight from the employers hands to the bank account. You can’t beat that for service and most employees will take advantage of it. In some places, it is required to have direct deposit.
Online banking makes everything easier. You can transfer money to and from your accounts without having to write out a check. You can do almost anything from your computer without ever stepping foot into a bank, if you choose. That includes automatic bill pay for some banks.
It is much easier to overdraft your checking account with traditional checks. Since the money doesn’t come immediately out of the account, if you forget to enter a check into the register, you may write another check thinking you have enough to cover it. Using debit cards nearly eliminates this issue. Although some things don’t come immediately out, most things do. You can’t use the debit card if the money isn’t there because it tells the merchant right away if it is approved. This protects the customer and the merchant.
Paper checks cost money. Debit cards do not cost money. You do not have to worry about running out of checks and paying more to replenish your supply. Boxes of checks can cost from $12.00 to $35.00, depending on what you get. Debit cards come with the account and are smaller in size. You never have to reorder them. The new card comes automatically and only once every couple of years.
The world is going green. Going “paperless” is part of the proposition. There are some things that we need to have on actual paper. Checks are not one of them. Using debit cards saves millions of trees a year from being cut down. That’s good for the environment.
Paper checks have fast become obsolete. They are still in use but it is very limited. It only makes sense to use things that save in so many ways. Life has been made very convenient for us. Time savings is an essential part of life because nearly everyone has to work to survive but they still need to find time for other things. Checks take up more of our time and can be eliminated from our lives. Why wouldn’t anyone change over?