2 ms·
Large checks are cheaper to handle than an equivalent amount of cash. Most people won't just toss $10k in the back of their car and drive to the bank, but woul
by aidenn0 3y ago
Large checks are cheaper to handle than an equivalent amount of cash. Most people won't just toss $10k in the back of their car and drive to the bank, but would think nothing of taking a $10k check to the bank.
Also, there is less of a need for a receipt when paying by check. If I pay someone by check, my bank has a record of it. If I pay them by cash, I better get (and keep) that receipt in the case of a later non-payment dispute.
- ghaff 3y agoI gather check verifications have gotten better. I had to buy a new car last year and my deposit was via CC but, for the final payment, they were fine with a personal check whereas I've always had to pay with a cashier's check from the bank in the past.
- loeg 3y agoI think car dealers just run your credit and if it's good enough they accept a personal check these days.