Noticed an increase in check writing recently, primarily because a lot of businesses are including a 4% processing fee for using credit cards. For larger ticket items, like major dental work or rent deposits, more people are using checks to avoid the additional charge. For instance, a $2000 rent with the credit card fee added pushes it up another $80.
Most young adults don't bother ordering checks, so it's kind of amusing to see this retro approach to avoiding fees. It's not going to stave off financial collapse, but it is interesting to see people writing checks again, at least temporarily.
Noticed an increase in check writing recently, primarily because a lot of businesses are including a 4% processing fee for using credit cards. For larger ticket items, like major dental work or rent deposits, more people are using checks to avoid the additional charge. For instance, a $2000 rent with the credit care fee added pushes it up another $80.
Most young adults don't bother ordering checks, so it's kind of amuzing to see this retro approach to avoiding fees. It's not going to stave off financial collapse, but it is interesting to see people writing checks again, at least temporarily.