• lemillionsocks@beehaw.org
    link
    fedilink
    arrow-up
    10
    ·
    edit-2
    1 year ago

    Suddenly? Nothing sudden about it been going around for years.

    As for why it’s because it’s super easy and if someone gets one of your checks they have your full routing and account number on the bottom which can be easily used to make a fake one or initiate an ach or something. Since its old technology that for some reason banks refuse to update, you get a credit in your account within a few days of deposit while the actual account holder has time to notice they’ve been robbed or their bank has time to catch any obvious fake checks. In the meantime the fraudster is already free and clear with however many giftcards they got.

    • funchords@lemmy.sdf.org
      link
      fedilink
      arrow-up
      6
      ·
      1 year ago

      Suddenly? Nothing sudden about it been going around for years.

      From the article:

      [In 2022], banks issued about 680,000 reports of check fraud, nearly double what they reported in 2021. And one expert predicted total check fraud will hit $24 billion in losses this year, roughly twice what it was just five years ago.

  • gpw@lemmy.ml
    link
    fedilink
    arrow-up
    6
    ·
    1 year ago

    Checks are still commonly used for businesses and people working predominantly blue-collar professions (at least in the US)

      • greenskye@beehaw.org
        link
        fedilink
        arrow-up
        7
        ·
        1 year ago

        It’s because digital payment methods are almost completely owned by private entities here that charge fees for processing. Checks don’t incur those costs, so people stick with them.

    • gk99@beehaw.org
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      Also people over the age of 60 love shopping with them for some reason, to the detriment of literally everyone else.

      • funchords@lemmy.sdf.org
        link
        fedilink
        arrow-up
        4
        ·
        1 year ago

        We (76 and 60) shop with our plastic (credit, never debit). Next cash if it is hand-to-hand, or we can get a receipt. Otherwise check, but we don’t carry a checkbook. I may do PayPal, Venmo, or Zelle, but only if I know you personally – if you’re dealing with my spouse, you’d better take a check or plastic or wait for me.

        to the detriment of literally everyone else.

        How so? It’s an option. The other option may be “no sale.” We grew up on these and we understand them. All the high-tech ways are ever-changing, and we’re never sure where we stand with them.

      • greenskye@beehaw.org
        link
        fedilink
        arrow-up
        1
        ·
        1 year ago

        I feel like I stopped seeing this about 10 years ago now. I can’t even remember the last time I saw someone write a check in a store

  • liv@beehaw.org
    link
    fedilink
    English
    arrow-up
    5
    ·
    edit-2
    1 year ago

    Surprised that cheques are still a thing.

    The banks here made old fashioned hold-outs like me give up our cheque books about 10 years ago.