5 Situations Where You Should Still Pay by Check

Many of us no longer use checks for most transactions. Instead, we use debit cards or online banking. But a lot of people still use checks when they need to pay a lot of money. Some examples are a down payment on a house, paying rent, giving a gift, or paying a pet sitter.

In general, paying by check is pretty safe, thanks to things like watermarking and specialised check backgrounds. 

Is writing a check still safe?

But if you still use this payment method, you may be more likely to be a victim of theft or fraud. That's why money experts say you should use a credit card or debit card instead.

5 risks of using checks

1. Mail theft

Checks are a great way to pay for things that have to be sent by mail, like paying the IRS or sending money to a landlord's P.O. Box.

2. Personal information on display

For a long time, the only way to pay was by check. If you wanted to buy something from a paper catalogue or pay your utility bill by mail, you had to use a check. Because of this, your full name, permanent address, and phone number are printed on your checks so that people can find you.

3. Checks can be thrown out intact

You may be very careful at home to shred important papers like bank statements, insurance papers, and tax forms before you throw them away. But that doesn't mean the person you give a check to will be just as careful.

4. Home invasion

A home invasion is the worst thing that can happen to a homeowner. It's a situation that can make you feel like your safe space has been broken into. During a robbery, if your chequebook is taken, the thief can use it however they want, which can make things even worse.

5. Lack of protection

Let's face it: identity theft and fraud don't happen all that rarely anymore. There are many ways that criminals can get into your accounts.

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