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Credit and debit cards may be the most popular modes of payment in the present times, but this is no indication that people are forgetting about cheques. Unknown to many people, there is a horde of benefits that comes with using cheques compared to other modes of payment.Currently, the majority think that cheques are actually becoming obsolete, but what you don’t know is that according to the Federal Trade Commission, over three billion cheques are drawn every year. This is a humongous number fo …

Bank deposit slips may be relatively rare these days, but they are still an option with most banks in Canada, including some of the big banks such as RBC Bank. Since they are an option you may come across occasionally, it is a good idea that you know how they work so that you don’t face any challenges when it comes time to use them. A bank deposit slip is a document that usually accompanies a cheque or a cash payment.It is the document you normally hand over to the teller, in addition to the cas …

Many businesses around the globe prefer to use company cheques as a means of meeting their financial obligations. Cheques are a traditional form of payment that is largely accepted by many businesses, making it not only ideal for the issuing party but also convenient for the receiving parties. Recent years have seen a sharp increase in cheque frauds, but financial institutions have also responded by devising cheques that are more secure as a way of maintaining the integrity of this form of payme …

It is always the desire of most businesses to save cost, improve efficiency, and maintain proper and clear records. There are several ways through which businesses can achieve this, with the use of pre-printed cheques being one of them. Unknown to most business owners, there are a plethora of benefits that come with a business printing its own cheques compared to using the pre-printed versions that are normally issued by the various financial institutions. If you have never thought about …

You may appear old-fashioned if you or your business is still writing cheques, but it comes with a horde of advantages compared to common payment methods, such as the use of cash or credit cards. With the advent of personal cheques, businesses or even individuals now have more control over their finances and have less to worry about concerning the safety of their funds, as is usually the case for those using cash or credit cards to make payments.If you are skeptical about using personal cheques …