4 ms·

This seems like a silly thing to be annoyed about. Checks don’t have fees like most other types of electronic payment, and money is money. Why would you be OK w

by orev 8y ago

This seems like a silly thing to be annoyed about. Checks don’t have fees like most other types of electronic payment, and money is money. Why would you be OK with giving up a certain percentage of your hard-earned money just because you have to go through the “hassle” of dealing with a piece of paper? Many banks even accept the check deposit via app now - you don’t even need to go to the ATM. Edit: I’m talking about paying/being paid as a contractor/vendor, not as an employee.

leesec 8y ago
Because some remote employees move all the time and it's annoying to arrange where to receive the check.
PhasmaFelis 8y ago
> Why would you be OK with giving up a certain percentage of your hard-earned money The direct deposit fee is, at most, a couple of dollars per paycheck, and the employer should be paying that. It's 2019. Paying employees by printed check is as silly as sending day-to-day inter-office communications by fax.
deleted 8y ago
[deleted]
rando444 8y ago
Checks are a holdover from the 1800s. They don't have a place in modern banking. If the US were willing to put tighter rules around bank transfer fees, it would be possible to create a European style system where bank to bank transfers are free, regardless of which bank you're with.
lol768 8y ago
>This seems like a silly thing to be annoyed about. Checks don’t have fees like most other types of electronic payment, and money is money. It's not silly, it's a waste of my time - and I value my time, that's why I bill for it in the first place. If I have the choice between a Faster Payment scheme transaction which transfers money generally instantly and always within two hours, and a cheque I have to post/bring to a branch and then wait _days_ for it to clear - I'm going to pick the Faster Payments route. > Many banks even accept the check deposit via app now Still a waste of time. Need to wait to receive the cheque. Need to take a photo of it. Need to wait for funds to clear. It's just dumb in 2019, we can do so much better. >Why would you be OK with giving up a certain percentage of your hard-earned money just because you have to go through the “hassle” of dealing with a piece of paper? Why on earth do you pay for bank transfers in the US? My bank does not charge for personal transfers. My business account doesn't charge for transfers either. It's such a basic service which costs pence per transaction (easily made up by interest and interchange income).. how could you ever justify charging for it? In any case, surely it's such an insignificant sum it really doesn't matter in the grand scheme of things? The client is paying an invoice presumably a few orders of magnitude larger.
muzani 8y ago
One long term client decided to switch payment to checks. I had to pick it up in the middle of the work day, during office hours. The opportunity cost was over $100. Back when I didn't have a car and had to take an Uber, this would have cost far more. It's little effort to actually deposit it. But big companies tend to sit in tall towers in the middle of traffic jams, where parking is difficult to find. As a contractor, I would be fine taking a pay cut of up to $100 to avoid checks.
IceyEC 8y ago
As a person not residing in the US, PLEASE don't send me a check, ever! I'd have to pay my bank to deal with the check, as well as sending it, via certified mail, to the bank's headquarters! This would end up costing me around EUR25. ON the other hand, there are many free (or nearly free) ways to send money between accounts here in the Netherlands.

by orev 8y ago

leesec 8y ago

Because some remote employees move all the time and it's annoying to arrange where to receive the check.

PhasmaFelis 8y ago

> Why would you be OK with giving up a certain percentage of your hard-earned money The direct deposit fee is, at most, a couple of dollars per paycheck, and the employer should be paying that. It's 2019. Paying employees by printed check is as silly as sending day-to-day inter-office communications by fax.

deleted 8y ago

[deleted]

rando444 8y ago

Checks are a holdover from the 1800s. They don't have a place in modern banking. If the US were willing to put tighter rules around bank transfer fees, it would be possible to create a European style system where bank to bank transfers are free, regardless of which bank you're with.

lol768 8y ago

>This seems like a silly thing to be annoyed about. Checks don’t have fees like most other types of electronic payment, and money is money. It's not silly, it's a waste of my time - and I value my time, that's why I bill for it in the first place. If I have the choice between a Faster Payment scheme transaction which transfers money generally instantly and always within two hours, and a cheque I have to post/bring to a branch and then wait _days_ for it to clear - I'm going to pick the Faster Payments route. > Many banks even accept the check deposit via app now Still a waste of time. Need to wait to receive the cheque. Need to take a photo of it. Need to wait for funds to clear. It's just dumb in 2019, we can do so much better. >Why would you be OK with giving up a certain percentage of your hard-earned money just because you have to go through the “hassle” of dealing with a piece of paper? Why on earth do you pay for bank transfers in the US? My bank does not charge for personal transfers. My business account doesn't charge for transfers either. It's such a basic service which costs pence per transaction (easily made up by interest and interchange income).. how could you ever justify charging for it? In any case, surely it's such an insignificant sum it really doesn't matter in the grand scheme of things? The client is paying an invoice presumably a few orders of magnitude larger.

muzani 8y ago

One long term client decided to switch payment to checks. I had to pick it up in the middle of the work day, during office hours. The opportunity cost was over $100. Back when I didn't have a car and had to take an Uber, this would have cost far more. It's little effort to actually deposit it. But big companies tend to sit in tall towers in the middle of traffic jams, where parking is difficult to find. As a contractor, I would be fine taking a pay cut of up to $100 to avoid checks.

IceyEC 8y ago

As a person not residing in the US, PLEASE don't send me a check, ever! I'd have to pay my bank to deal with the check, as well as sending it, via certified mail, to the bank's headquarters! This would end up costing me around EUR25. ON the other hand, there are many free (or nearly free) ways to send money between accounts here in the Netherlands.