The Cost of Using Cheques Can Be Expensive
Financial Management

The Cost of Using Cheques Can Be Expensive

canada cheque fees

For the most part when it comes to making payments nowadays I only use cheques to pay for thing such as contract jobs as for everything else it just seems more efficient to use things like the credit card. After quite a while I actually ran out of cheques for one bank and so I thought time to see if I can order more. Holy cow was I surprised. For this one bank can you believe the cost to get a booklet of cheques is $56.01 with tax? This is just for a personal account too. I have never paid for any as I had always just used the ones that were initially supplied when the bank account was opened. At that rate I was like “no way” and tried to find another solution.

Actually one funny thing is how I actually have a ton of cheques from other banks including the ones where I opened an account just for the sake of testing for like my blog posts. So I was thinking for that price I may as well just move funds into those other bank accounts and use the cheques from them. I mean really, $56 just for a small booklet of them for personal use? At that price I would expect to be getting business account types of cheques where I get like a folder and all too.

Although it does make me hope that some of the companies I deal with will just go all digital instead as again it just seems so much more efficient. In this case it makes more financial sense too.

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