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qlklege041
Joined: 19 Jul 2013
Posts: 9718
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Warns: 0/10 Location: England
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hollister outlet sale People Still Write Checks Fo |
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It is true that with debit cards we see less and less checks being written in the marketplace and for purchases [link widoczny dla zalogowanych] at the retail level. Debit cards which take the funds directly out a persons bank account and cost the retailer a lot less than charge card bank service fees and percentages are a lot more popular, prevalent and seem to be taking over what were the credit card method and payment by personal check [link widoczny dla zalogowanych] methods. However in some rural areas , where everyone knows [link widoczny dla zalogowanych] everybody and in special situations where either the seller knows the check writer personally or perhaps wishes to forgo risks inherent in a NSF returned check due to the case or situation where [link widoczny dla zalogowanych] he really want to sell the item some sellers and retail outlets will still take checks as payment.
In addition with either debit card payment forms or charge / credit / convenience cards there is not the risks , costs [link widoczny dla zalogowanych] dont want to be caught in a situation where your young adult is in trouble for writing NSF checks and quite credibly honestly says But there were more checks still in my check book. The assumption somehow is , [link widoczny dla zalogowanych] belying a lack [link widoczny dla zalogowanych] of comprehension of the simple concepts of negotiable instruments are , that because there was still a number of blank checks in the checkbook , that valid payments could be still be made and was perfectly fine and legal.
All of this again belies the points of due diligence and outright financial obligations of payments to vendors , retail outlets and various other people [link widoczny dla zalogowanych] and companies for which payment is well due for goods or services provided. After all we are not dealing with the biker school of management. On top of that as a parent you may well have cosigned financial papers for the small business or loan and are on the hook for payment.
Thus its a good idea for people still to be familiar with checks as a form of payment what they are , the definitions of negotiable instruments , and how to write a check as a document of payment [link widoczny dla zalogowanych] properly. On top of that they should also [link widoczny dla zalogowanych] know what is acceptable format and procedure if a check needs to be corrected or revised. This is important even if they do not have a checking account at their bank or credit union presently and at this point make payments solely by debit cards.
Thus either for the general public and for the instruction of your [link widoczny dla zalogowanych] children and young adults under your charge its still a good idea to provide basic instruction regarding checking accounts & how to make payment by checks even if they do not have a checking account presently.
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Tue 18:55, 03 Sep 2013 |
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