This is why you need a personalized cheque
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 or you are afraid that you may be branded old school for adopting this method of payment, then read below to learn about some of the benefits that will come your way when you decide to use pre-printed cheques for making payments.
You can safely mail personalized cheques
One of the first benefits that come with using personalized cheques is that you can safely and easily mail them to the recipients. Upon receiving the cheques, the recipients will have no problem cashing them at the bank. This is not just a preserve of personalized cheques, but all cheques are easier and safer to mail.
With forms such as cash, however, it is neither possible nor even legal to send someone’s cash through the mail. You’d be setting up yourself for some serious problems doing so.
It is not easy for thieves to manipulate personalized cheques
Back in the day, cheques were a sure way to guarantee safe payments. But over the years, thieves have advanced in knowledge and technology such that they are now able to manipulate bank-printed cheques issued by banks and change their details to suit their needs. As such, there is always some chance that the common cheques may get intercepted and even stolen by the bad guys. However, this is never the case with personalized cheques.
This is because personalized cheques come with additional security features that would be a great hassle for the thieves to manipulate. In addition to the security features, it is not quite as easy to change the payee details on a personalized cheque as it is with the common cheques.
Personalized cheques can be easily traced
The traceability of personalized cheques is another reason that makes them highly preferred over other forms of payment, such as cash and debit cards. Whenever you make a payment using a personalized cheque, the bank will retain a copy as proof that the payments were made. Also, all the information you would ever need about the payment will remain on the underlying copy. As such, it will be easy for you to know how many payments you have made, who the recipients were, and other details, such as the reasons for payment.
Cheques are widely accepted as a means of payment
Cheque payments are among the oldest forms of payment. They are accepted by most business people and businesses around the world. They are trusted, and since nearly every business accepts them, you won’t have to worry about not making prompt payments unless you find yourself in a grocery store that asserts that they can only be paid in cash.
It is easier for businesses to bank with personalized cheques
One beautiful thing about writing personalized cheques is that whenever you write one, you retain a personal receipt as additional proof for the payment you are making. You can always keep such copies with your checkbook so that at the end of every week or month, you have a detailed overview of the payments you made, the amounts you paid, and the items purchased or reasons for making the payments. This is a subtle way of keeping things organized and staying on top of your finances and budgeting.
Cheques are never cashed immediately
The timing of cheques is another attractive feature it has as a means of payment. Though some people may see this as a delay or a con, for businesses making the payments, there are very good reasons as to why they appreciate the slight delay. In most cases, processing pre-printed cheques will require two or three business days before the recipients can have their money.
To the business owner, this will give you a day or two to ensure that you have your finances right before the cheque is cleared. If your business is in a very pressing financial position, a day or two would be sufficient to sort out many things.
Personalized cheques appear more professional
To begin with, personalized cheques are widely viewed as a professional form of payment. For example, if you are a freelancer, cheques are one of the most professional forms of payment you can have. If you are running a business or you are doing any other form of official business, paying in cheques will make you be perceived as trustworthy, professional, and serious, making those with who you deal trust you more.
Also, personalized cheques will greatly improve your brand identity. This is because you have the freedom to include your logo, business name, business colors, any other item that you wish to be associated with your business. This will go a long way in helping to establish the proper reputation of your business.
No bank account is needed to cash a cheque
This is a convenience that comes to the recipients of the cheques. This is because you, as a recipient, are free to cash the cheque in any bank that receives deposits. If you were to make payments through direct deposit, then the payee must have a bank account; if they don’t have one, then you will have to wait for them to set up an account before you can go ahead and make the payment.
The above are just but some of the benefits that come using personalized cheques. If you add the fact that you are free to customize them as you wish, they are not only a powerful and trusted form of payment, but also a branding tool that will spread your name or that of your business to those who will be handling them.
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