What Are The Disadvantages Of Using Check Payments?

Today, many forms of paying bills are coming up such as use of credit cards. With the evolution of these new ways of payment, Checks Unlimited payments are losing market day by day. This is because checks payments come with a lot of disadvantages. Here are some of them;


Checks offer very little protection for the customer when theft cases occur. In the early days, only the bank had access to your account number. Today, any employee or person who gets hold of your check has access to your account number and all your information in the check. This makes it very easy for a person to commit fraud or theft. The electronic way of processing checks also gives other people access to your personal information which makes theft easy. You might find that all your accounts have been drained.


The whole process of writing, processing and clearing a check is time consuming. It takes a lot of time compared to other payment methods such as use of credit and debit cards. When you write a check, you will have to wait for two days to a week for your check to clear. This is because it goes through several processes to mature.


Credit and debit cards only require a pin usually a four digit pin for you to access your money but checks require signatures. If you have an injury on your hand and cannot make a sign well, the check will be returned just because your signature will not match the one in your files.