Brits still love cheques
May 4, 2007 by admin
Filed under News, News-Banking
Although they are seemingly becoming a thing of the past, cheques remain extremely popular among Britons.
New research, carried out by Which? magazine, shows that 57 per cent of people over the age of 16 find them “really useful” for carrying out banking.
In addition, cheques are still widely used, with 55 per cent saying that they had used one as a form of payment in the last month.
The findings come as firms such as Boots and Shell are announcing that they plan to phase out the use of cheques.
Although the research may cause these stores to have a bit of a rethink about when to ban cheques, Which? found that they are correct to note that the method of payment is slowly dying out.
Of the 1,003 people survey, 72 per cent said that they use cheques less now than they did five years ago, while almost 25 per cent found it “annoying” to receive one.
Boots will no longer accept cheques in its stores from this month, while Shell has already phased them out at all of its 586 UK forecourts.
