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0 pointsjshevek9y ago0 comments

> People in the US still use cheques. And they have to pay (a lot) to print those.

US citizen, and I haven't used a single cheque in over a decade.

The actual costs of printing cheque are negligible, and every bank and CU I've used gives them to customers for free.

0 comments

Printing is cheap, but processing the cheques at the other end is expensive; about 70 cents each and that was with a system that scanned them at point of receipt and converted it to ACH.

j / k navigate · click thread line to collapse

0 pointsjshevek9y ago0 comments

> People in the US still use cheques. And they have to pay (a lot) to print those.

US citizen, and I haven't used a single cheque in over a decade.

The actual costs of printing cheque are negligible, and every bank and CU I've used gives them to customers for free.

0 comments

dingaling9y ago

Printing is cheap, but processing the cheques at the other end is expensive; about 70 cents each and that was with a system that scanned them at point of receipt and converted it to ACH.

j / k navigate · click thread line to collapse