4 ms·

"they should just eat the cost" No consumers will eat the cost of a bunch of boomers who want to keep using cheques. And here's what will happen: the non boom

"they should just eat the cost" No consumers will eat the cost of a bunch of boomers who want to keep using cheques. And here's what will happen: the non boomer consumers will choose a cheaper bank. So unless the government wants to pick up the bill any sensible company will tell those senior citizens to get with the times.

kradeelav 5y ago
Checks are awesome - I use them all the time and I'm at least a third of the age of the elderly. Accessibility is huge to think about especially with "requireables" like the banks, and so it's just good practice and the right thing to do to think about the elderly and edge cases for folks who don't do email/smartphones. It pays to have empathy to all cross sections of society, not just the ones that are the most visible. :)
- Femtio 5y ago
  Checks are ridiculously stupid. They are not save, expensive and you need to go to the bank to cash them in. All of this just because our society is to stupid? Old people are not stupid, they are just old. They should be able to either teach themselves or being teached. Our society should focus on helping them to navigate the current world and not try to keep things like checks alive. And I'm pissed about this though because I believe it's a mindset thing which needs to change to be able to act on real problems like climate change. When I talk to old people about solar energy holy shit do they care more about how those Solarpanel look at buildings then the benefit of them. If we don't help those people they are being limited by society one way or the other anyway!
  - jjav 5y ago
    > you need to go to the bank to cash them in No you don't. You can scan them in many cases these days, or mail them in. Can also deposit in ATMs. I cash checks all the time and haven't physically been to my bank in over 20 years, as the nearest branch is ~3000 miles away.
- bllguo 5y ago
  but excessive empathy is crippling for future progress. this is literally the root issue in the US system - way too much consideration for special interests. look at housing as an example.
GekkePrutser 5y ago
As if the cost for those few bills make a dent in a bank's operating costs. The government invents money by the billions die these guys. The least they can do is provide some service.
- GekkePrutser 5y ago
  'die these guys' should have read 'for' these guys. I used swipe typing and I was a little bit off and didn't notice it. Oops. But I think it's pretty clear from the sentence what I intended.
- Femtio 5y ago
  This is very unlogical: Gov creates money not the banks. They do have operational costs. And it is not one person who needs to accept checks, every branch has to support this. I have not been to a bank for the last 10 years. They are obsolete. And those buildings are expensive and they have to be able to compete with online banks. It's not even an option for them to just keep those buildings.
  - kwhitefoot 5y ago
    Of course banks create money. You don't think that they hold enough money to pay all their creditors at once do you? Never heard of fractional reserve banking? See https://www.investopedia.com/terms/f/fractionalreservebanking.asp https://www.investopedia.com/terms/f/fractionalreservebankin...
    - Femtio 5y ago
  - GekkePrutser 5y ago
    As I understand it, the new money that's 'created'(not even minted as paper money is pretty niche now) by the government is given to the banks to invest. PS I was just at my bank and I'm not even super old :)
vorpalhex 5y ago
I still use cheques. I am definitely not a boomer. I also like paper statements, use cash and sometimes do paperwork on slices of dead trees. I work in technology enough to distrust it greatly. I had a multi-week saga one time because I used an electronic pdf signature instead of printing it out. I still get people freaked out when my resume is digitally signed in acrobat. I will stick to my dead tree banking.
- kwhitefoot 5y ago
  Cheques were de facto abolished here so long ago that I can't remember the year I last used one, must be at least twenty years ago. The bank I have been using for more than the last ten years has never issued cheques.
  - Macha 5y ago
    Yeah, I think for anyone under the age of 35 in my country, cheques only exist in the giant novelty kind given away in lotteries or politicans at PR events. Current teenagers wouldn't even remember their parents using them.
reaperducer 5y ago
No consumers will eat the cost of a bunch of boomers who want to keep using cheques.... any sensible company will tell those senior citizens to get with the times. Your ageism is showing. Hopefully you're never in a management position in an American company, because that attitude will get you fired for violating federal discrimination laws. Moreover, just wait. You'll get your turn.

kradeelav 5y ago

Checks are awesome - I use them all the time and I'm at least a third of the age of the elderly. Accessibility is huge to think about especially with "requireables" like the banks, and so it's just good practice and the right thing to do to think about the elderly and edge cases for folks who don't do email/smartphones. It pays to have empathy to all cross sections of society, not just the ones that are the most visible. :)

Femtio 5y ago
Checks are ridiculously stupid. They are not save, expensive and you need to go to the bank to cash them in. All of this just because our society is to stupid? Old people are not stupid, they are just old. They should be able to either teach themselves or being teached. Our society should focus on helping them to navigate the current world and not try to keep things like checks alive. And I'm pissed about this though because I believe it's a mindset thing which needs to change to be able to act on real problems like climate change. When I talk to old people about solar energy holy shit do they care more about how those Solarpanel look at buildings then the benefit of them. If we don't help those people they are being limited by society one way or the other anyway!
- jjav 5y ago
  > you need to go to the bank to cash them in No you don't. You can scan them in many cases these days, or mail them in. Can also deposit in ATMs. I cash checks all the time and haven't physically been to my bank in over 20 years, as the nearest branch is ~3000 miles away.
bllguo 5y ago
but excessive empathy is crippling for future progress. this is literally the root issue in the US system - way too much consideration for special interests. look at housing as an example.

GekkePrutser 5y ago

As if the cost for those few bills make a dent in a bank's operating costs. The government invents money by the billions die these guys. The least they can do is provide some service.

GekkePrutser 5y ago
'die these guys' should have read 'for' these guys. I used swipe typing and I was a little bit off and didn't notice it. Oops. But I think it's pretty clear from the sentence what I intended.
Femtio 5y ago
This is very unlogical: Gov creates money not the banks. They do have operational costs. And it is not one person who needs to accept checks, every branch has to support this. I have not been to a bank for the last 10 years. They are obsolete. And those buildings are expensive and they have to be able to compete with online banks. It's not even an option for them to just keep those buildings.
- kwhitefoot 5y ago
  Of course banks create money. You don't think that they hold enough money to pay all their creditors at once do you? Never heard of fractional reserve banking? See https://www.investopedia.com/terms/f/fractionalreservebanking.asp https://www.investopedia.com/terms/f/fractionalreservebankin...
  - Femtio 5y ago
- GekkePrutser 5y ago
  As I understand it, the new money that's 'created'(not even minted as paper money is pretty niche now) by the government is given to the banks to invest. PS I was just at my bank and I'm not even super old :)

vorpalhex 5y ago

I still use cheques. I am definitely not a boomer. I also like paper statements, use cash and sometimes do paperwork on slices of dead trees. I work in technology enough to distrust it greatly. I had a multi-week saga one time because I used an electronic pdf signature instead of printing it out. I still get people freaked out when my resume is digitally signed in acrobat. I will stick to my dead tree banking.

kwhitefoot 5y ago
Cheques were de facto abolished here so long ago that I can't remember the year I last used one, must be at least twenty years ago. The bank I have been using for more than the last ten years has never issued cheques.
- Macha 5y ago
  Yeah, I think for anyone under the age of 35 in my country, cheques only exist in the giant novelty kind given away in lotteries or politicans at PR events. Current teenagers wouldn't even remember their parents using them.

reaperducer 5y ago

No consumers will eat the cost of a bunch of boomers who want to keep using cheques.... any sensible company will tell those senior citizens to get with the times. Your ageism is showing. Hopefully you're never in a management position in an American company, because that attitude will get you fired for violating federal discrimination laws. Moreover, just wait. You'll get your turn.