> The Fed is rolling out instant payments in 2023, after which I expect checks to be obsolete and no longer offered by financial institutions. We are at least

> The Fed is rolling out instant payments in 2023, after which I expect checks to be obsolete and no longer offered by financial institutions. We are at least a decade away from the time when checks are not used, probably two. For that to happen the baby boomers must be nearly completely gone from the workforce. The reason why we still use checks is because a lot of businesses are still owned and operated by the boomers whose processes are send out bills => receive checks => mark payments on accounts in folders => deposit a batch of checks into an account. Those are the lifestyle business whose owners/managers are in the last decade of retiring. They won't be either upgrading or selling them.