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Re:The debit card fee driving US banks crazy by ghaff on Tuesday January 27, 2015 @05:16PM (#8956441)
>in the US, without so much as a call to Telecheck or similar, or my bank, I bought a $16,000 SUV with a personal check.

That's atypical in my experience in the US. The dealer has always wanted me to get a certified (may not be the technically correct term) from my bank. Not that it's a big deal; you go to the bank, they put a hold on the amount in your account, and they stamp the check a couple times.

That said, checks still tend to be favored (even if they're issued directly from the bank) for many recurring payments, local service people, individual to individual casual transactions and the like.

Re:The debit card fee driving US banks crazy by Symbiote on Tuesday January 27, 2015 @05:49PM (#8956685)
Electronic transfer is used in the UK, for most bills and many individual to individual transactions. I've not heard of a bank posting a cheque on my behalf.

I found some statistics, but they don't include debit (or credit) cards, just normal transfers between banks: http://www.paymentscouncil.org.uk/resources_and_publications... .

Looking at "1990 to date", I'm not sure I'm reading the tables correctly. Were there really 265 million cheques processed in January 1990? That's 10 for every household. Last month was 46 million, 1.7 for every household — still seems high.

In any case, it compares with over 620M electronic payments for December 2014.

Re:The debit card fee driving US banks crazy by ghaff on Tuesday January 27, 2015 @06:21PM (#8956869)
I easily believe those numbers-especially if they include the "electronic payments" made from my bank's website that actually just involve the bank cutting a check and mailing it. I don't actually know how the payment is made in each case but I'm pretty sure that payments to, say, my trash collection company are ultimately via paper check from my bank.

I probably write 2-3 physical checks a month (housekeeper, random other service people, personal payments for various activities) and another 2 to 3 from my bank. And that's with doing all the automatic payments for utilities etc. that I can.

Re:The debit card fee driving US banks crazy by Symbiote on Friday January 30, 2015 @09:42AM (#8972195)
That was my point though — British banks don't post each other cheques on anyone's behalf. There's an older BACS system for electronic transfer, and a newer one called Faster Payments.

The numbers show 13× as many electronic payments as cheques, and I can believe 10 electronic payments per person (salary, six or seven bills, couple of credit cards, plus business use).