We’ve talked before about how in an age when checks have become uncommon (but still are used occasionally), the younger generation often doesn’t know how to write them, and offered a quick tutorial on the subject to remedy this knowledge gap.
But there’s also the flipside of the equation to discuss: what do you do when you’re the recipient of a check?
Like check writing, check cashing has become a lost life skill thanks to direct and digital payments. Yet try as you might to avoid receiving checks, you’re still likely to get them as a form of payment. For one thing, if you have an aunt named Gertrude who likes collecting Precious Moments figurines, you’re guaranteed to receive your $20 in Christmas money in the form of a check.
Today we walk you through exactly what to do to turn your check into useable funds.
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4 comments:
I'm 63 and haven't written a check in years. Trust me, I came "kicking and screaming" into the 21st century, but it is so much easier to pay on the interweb.
There are times that I still write a check, but it's gotten down to about three or four a year.
I worked with a couple at DoD who was during very well pay wise but they couldn't balance a check book. That of course was before wire transactions.
Its really hard to live an all cash lifestyle. Nearly impossible. Utilities are really hard to pay in cash but,you can do it. Insurance brokers don't like it much either. Its by design the more they can track the more control they have.
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