December 15, 2009

UK: Cheques to be bounced into history

. LONDON, England / The Guardian / Money / Banks / December 15, 2009 UK banks set to vote tomorrow to phase out 300-year-old tradition of paying by cheque By Patrick Collinson Do you pay the milkman by cheque? Slip a surprise cheque in a Christmas card to a grandson or granddaughter? Or maybe you simply don't trust direct debits when dealing with gas and electricity companies? In the future you'll have no choice but to pay electronically, by plastic, or go online if, as expected, Britain's banks vote tomorrow to phase out the tradition dating back more than 300 years of payment by cheque. [rc] Click here to read the full report © Guardian News and Media Limited 2009