March 26, 2005

The New York Times > Business > Follow the Vanishing Check

Check writing is shrinking fast, Still, plenty of them are written every year. I seldom use checks except when the recipient doesn't accept plastic.

"Not so fast, the check industry says. Although the Fed's figures do show checks declining by about 4.3 percent a year, 37 billion checks a year is still a huge number. And a lot of the decline is linked not to people writing fewer checks but to banks turning checks into electronic transactions, a practice that largely began in 2002."

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