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Cheques have been in use for hundreds of years. So they finally get round to making them safe just as they are going out of use. Quick thinking, financial regulators!
Edited by Pugugly {P} on 27/11/2007 at 16:23
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So they finally get round to making them safe just as they are going out of use.
That thought occurred to me, too. As most people use cheques so infrequently, I wonder if there will be a lot of problems with people losing or having their cheque books stolen and not realising? You'd only notice something was amiss when you got your bank statement and by then, under the new rules, it would likely be too late.
Edited by Pugugly {P} on 27/11/2007 at 16:23
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I used to write two cheques a year (car and bike road tax) but even that stopped when on-line service started. My current cheque book is 4 years old!
Can't imagine why anyone would choose to use them.
Cheers
DP
--
04 Grand Scenic 1.9 dCi Dynamique
00 Mondeo 1.8TD LX
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Can't imagine why anyone would choose to use them.
Like other say use them for gifts to nieces/nephews (parents want to encourage saving). Traceable payments to smaller tradesmen - local installer absolutely denied any involvement with washer that slowly leaked away Mum's kitchen floor until cashed cheque retrieved.
Then there's all that club stuff at school - and their dinner cards.
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Cheques have been in use for hundreds of years.
Fourteen hundred at least. In use in the early Abbasid empire (centred on Baghdad, then the world's biggest city following the decline of Rome, with London and Paris being mere muddy villages of twenty or thirty thousand people) in seventh century. The word is derived I believe from an Arabic one, 'sakk' or something of the sort, meaning, er, a cheque. Might well have been invented by the Persians who were the backbone of the Abbasids' civil service though.
Edited by Pugugly {P} on 27/11/2007 at 16:23
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How else can you send a payment, say as a present, when you do not know, or want to know, account details?
Edited by Pugugly {P} on 27/11/2007 at 16:24
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Postal orders are still available.
Edited by Pugugly {P} on 27/11/2007 at 16:24
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Cash, PO, PayPal, Store Voucher, Book token, any one of many other vouchers rom Service Poviders and shops.
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