Originally Posted by
airoli
When I moved to Canada a couple of years back, I had to have my bank advisor give me a 101 on cheques. In 30 years in Europe, I had
never had to use one and was amazed that such arcane means of payment still exist here, combined with very limited e-banking services for individuals paying individuals.
I rent and my landlord, as well as the odd craftsman, insist on cheques. I also get them from friends every now and then, and have to trek to the bank to deposit them. Oh, and I've had compensation cheques from both LH and UA in the last 12 months.
I can't wait for something like an
IBAN to put an end to this disgrace.
It sure is a different world.
The only advantage of the Canadian system is that you donīt need to provide any personal information (such as bank account number etc.) if someone wants to pay you - but thatīs about it IMO.
Some banks will allow you to send the cheque to the branch instead of having to deposit the cheque in person, but not all banks will do that.
Iīve seen a few ads from banks which offer customers to deposit cheques using an app on their smartphone - but I havenīt looked into that.