The Future of Cheques

In December 2009 the Payments Council set a target date of 2018 for the abolition of cheques. This was a response to a decline in cheque use, but was a decision taken without an assessment of the costs and benefits, or an indication of what alternatives to cheques would be put in place. This caused great and unnecessary concern among bank customers, especially those who depend on being able to use cheques.

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