Here, payments small and large are dealt with using a phone app, which uses strong online ID as login, and only requires the knowledge of the recipients phone number. I pay for bus tickets with it, and bought our present car with it too. Handy at ham fests; the recipient gets immediate (2-5 seconds) notice and has the funds available.Specmaster wrote: ↑Thu Mar 30, 2023 8:58 pmI agree when it comes to your wages, direct deposit is good, but on the other hand when it comes to buying things, cheques can be a godsend at times, I'm always careful about giving my account details to anyone and a cheque can allow you to purchase something before your pay hits the bank, especially if its mail order as by the time the cheque is received and presented the money will be in your account. They also useful for sending money as a present to someone securely.mansaxel wrote: ↑Thu Mar 30, 2023 8:12 pm Having been paid by cheque, I am very happy this is an abandoned method. Every employer after that one have paid by direct deposit, which makes the money available in my account the 25th of every month, or earlier if the 25th is in a weekend or otherwise special day.
I do not think I've seen one since then, and that was 30 years ago now. Progress is good.
A cheque does last me a couple of years though, but as I said, they are handy at times.
All parents, wifes and mine, are online banking, and have been for at least 10 years, so no such issues here.
Money as gifts has been moved to online in our family, since the children, prime recipients, always want to buy online with these funds. We actually had to take the gift money and reimburse their accounts, so decided to do away with the intermediate step.
Buying things before you have the money in general is a questionable concept, which I reserve for house and similar. Never for fun things. But the credit card is the preferred method.
Cheques are dead, and deservedly so.