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Your Take: Do You Use Personal Checks?

Posted By Jim On 02/11/2011 @ 7:06 am In Your Take | 63 Comments

Fifteen years ago, you had two options when it came to paying someone else – cash or personal check. Nowadays, you have a dozen different ways with new methods popping up each year. I, for one, am ecstatic we’re moving away from personal checks. I very rarely use personal checks and it’s usually at the request of the person I’m paying. I’m not a fan of personal checks because personal checks are not secure [3].

They have almost all the information someones needs to steal your identity (name, address, bank, bank account number, and your signature). I’m not an identity thief so I don’t even know the full extent of the shenanigans you can pull with just that information… but I imagine you could do some serious damage. The only time I use checks is when I’m paying back a friend for something, like for social sports leagues, and even then it’s only if they want it as a check (they’re doing me the favor, so I’ll pay however they want).

As for taking personal checks, I don’t take personal checks unless it’s from some I know. I have no desire to verify a personal check [4] and I definitely don’t want to get dinged the fees for bounced checks.

Do you use personal checks? What’s your feeling towards them?

(Photo: potteryandeverythingelse [5])

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[1] Tweet: http://twitter.com/share

[2] Email: mailto:?subject=http://www.bargaineering.com/articles/personal-checks.html

[3] personal checks are not secure: http://www.bargaineering.com/articles/dont-write-personal-checks.html

[4] verify a personal check: http://www.bargaineering.com/articles/how-to-verify-a-personal-check.html

[5] potteryandeverythingelse: http://www.flickr.com/photos/potteryandeverythingelse/3846575731/sizes/s/

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