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Re:A Man Walks into a Bank by timkeller on Monday August 06, 2012 @08:40AM (#4344925)
Remind me why we still have cheques in our banking system?
Re:A Man Walks into a Bank by etfb on Monday August 06, 2012 @09:48AM (#4345148)
Same reason you still use miles and pounds and degrees Fahrenheit in your measurement system: inertia.
Re:A Man Walks into a Bank by freehunter on Monday August 06, 2012 @09:19AM (#4345037)
Because cash doesn't leave a paper trail and not everyone can accept cards.
Re:A Man Walks into a Bank by jarek on Monday August 06, 2012 @03:18PM (#4346751)
And third point necessary here: because U.S. banks don't have any other reasonable inter-bank transfer system.
Re:A Man Walks into a Bank by steve-howard on Monday August 06, 2012 @10:37PM (#4348395)
Well, it does, but they've chosen to monetize it. I can transfer money to anyone with an account, but I have to pay $25 if I want it done today and $3 if I want it done some time next week.
Re:A Man Walks into a Bank by VMG on Monday August 06, 2012 @09:37AM (#4345099)
I'd like to know that too. Never seen one in my life in Germany.
Re:A Man Walks into a Bank by Goronmon on Monday August 06, 2012 @12:03PM (#4345709)
It's still an easy way to transfer money between two people, especially if your bank does mobile deposits through a smartphone. At that point, the check is really just a paper record of a transaction you intend to make with the bank account information prefilled for you. You don't have to worry about banks or devices utilizing different technologies, it just works...for the most part.
Re:A Man Walks into a Bank by snowwrestler on Monday August 06, 2012 @12:39PM (#4345877)
Because they work very well for certain types of payments.

Think about why this story is so noteworthy: because this sort of thing happens so rarely. The vast, vast majority of checks are written, sent, and cleared without fraud or incident.