The end of cheques?

Who still has a chequebook? I do. 

I last wrote a cheque for $15 in May 2018 for cat registration and before that I hadn’t written one since 2016. 

Reserve Bank of Australia Asst Governor Michele Bullock says the banking industry is discussing closing down the cheque system as consumers move to cards and online payment and financial institutions use electronic transfers. The chart tells the story.

June 2020

The declining use of cheques