Gary Nunn wrote:
> I have been following the Check 21 initiative for about 6 months now and I
> think this is the beginning of the end for paper checks. I have mixed
> feelings on this. Even though there will always be people that will want to
> write a paper check, I suspect that banks will make check writing so
> unattractive with fees that most will want to switch to a debit card or
> electronic banking. Now if the US government would only stop companies from
> charging a fee to pay online, something like this might work...
There are situations for which I see no easy replacement for a paper
check. I could be wrong.
I deposited 2 checks this afternoon.
One was from a woman to whom I'd sold a couple of baby swings. The
other was from the Mothers of Multiples club I belong to, for my share
of the stuff I'd sold in the club's semi-annual sale earlier this month.
We've managed to go to online bill paying for most of our bills (I think
there are 1 or 2 that we're still writing checks for), direct deposit
for payroll checks, using credit cards and debit cards instead of checks
at stores, but I don't see how to get around the occasional check such
as the ones mentioned above without some major change in the system.
To be fair, that change could come sometime in the next 10 years -- but
I have no idea what it would be like.
Julia
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