New federal surveillance meant to combat cartels and drug traffickers is far more likely to hit everyone else, and to be largely ineffective in fighting crime.
In the US, checks are still a common way to give money to people as gifts, especially birthdays and weddings and things like that. Also schools will require extra fees like trip costs to be paid by check because they are paid into older bank accounts that they don’t have online payment equivalents.
Paper checks are a pain, but they have lower fees than most other ways of giving money. Once you’ve paid for the book of papers, that’s it. Each check only costs your account the exact amount written for and the recipient’s bank gives them the exact amount you wrote. No extra percentage or flat fee on the transaction and with smartphones you can scan the check and make the transaction happen electronically between the banks in 5 seconds. Every other way to do this has a flat or percentage fee for the money to move but a paper check is free.
Do you put a $200 grocery bill/ restaurant tab on your bank card? Congratulations, Uncle Sam is now demanding that your bank report that spending to them.
They still have cheques over there? Last time I saw one here was 15 years ago.
They say “checks” but it is realistically going to mean any transaction over $200
Many US banking systems are surprisingly old fashioned compared to other countries.
I last remember seeing my mom write one in the mid 80s. Personally I’ve never used one, and I’m pushing 50.
Mid-40s and wrote several. Many places I lived only accepted rent by check or money order.
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Hmm. I’m 58 and I’ve written many.
I guess it just depends on what people like.
Ah, I forgot to mention that I live in Norway, and over here debit cards started taking over from check use in the 80s.
In the US, checks are still a common way to give money to people as gifts, especially birthdays and weddings and things like that. Also schools will require extra fees like trip costs to be paid by check because they are paid into older bank accounts that they don’t have online payment equivalents.
Paper checks are a pain, but they have lower fees than most other ways of giving money. Once you’ve paid for the book of papers, that’s it. Each check only costs your account the exact amount written for and the recipient’s bank gives them the exact amount you wrote. No extra percentage or flat fee on the transaction and with smartphones you can scan the check and make the transaction happen electronically between the banks in 5 seconds. Every other way to do this has a flat or percentage fee for the money to move but a paper check is free.
That would explain it
Its just a SEPA transfer equivalent on paper.
Do you put a $200 grocery bill/ restaurant tab on your bank card? Congratulations, Uncle Sam is now demanding that your bank report that spending to them.
I still write a cheque to pay the milkman. Remember them too?