Are personal checks still a popular way to make payment?

Q: There is a variety of electronic payment systems today. Are personal checks still a popular way to make payment?

A: It depends on your age group. As you probably know, cash payments are not very common in the US, due to the danger of carrying around large amounts of cash. Because of this, in the past, checks were the most common payment form.

However, more than 20 years ago, the debit card was introduced, and these days the vast majority of people choose to use their debit cards. These cards instantly deduct your purchase amount from your back account, but they are supported by credit card networks – so anywhere you can use a credit card, you can also use your debit card.

At this point, I would say that with the exception of businesses, which prefer a clear paper trail, no one under 70 uses checks on a regular basis. The last time I wrote a check was more than 8 years ago.

Elderly people continue to use them, and because of this, sometimes we need to use one for an organization run by elderly people. For example, if we want to participate in a school fundraiser, we usually have to write a check, because elderly people are running it.