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UK to phase out cheque payments

http://uk.finance.yahoo.com/news/cheques-to-be-written-off-by2018-skynews-022a5768c328.html?x=0

by budu3 • 17 years ago

4 2 17 years ago

UK

uk.finance.yahoo.com

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2

blahedo• 17 years ago

I wonder how they'll actually forbid the use of cheques; will a bank be actually unable to advertise that they will honour them? The entire idea of the cheque began quite without governmental intervention, although I suppose that in modern times the government clearinghouses perform a pretty vital role.

anigbrowl• 17 years ago

Government clearing houses? I thought this was just about benefit payments no longer being made by cheque (or checks if you're in the US). AFAIK the clearing system is oeprated by the banks themselves.

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