4 Smart Reasons Every Person Needs Personal Checks

That “itty bitty” piece of paper that’s processed from your checking account- it’s called a check. The check is a financial promise that there is money available when the person you wrote it out to needs it.

Before discounting a personal check, you should know that some transactions need checks. Besides, checks are a convenient and secure way to transact business. So, what are the top reasons you should choose personal checks?

1. Table of Contents

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   Checks Are Not Immediate Deposits

When you write checks to businesses, they rarely deposit them immediately. Depending on the business, some checks take one day others take a couple of days before clearing. This delayed use of the funds comes as an advantage to you. You have an extra day or two to “top up” your account if you ever run short on funds.

You can also be confident that checks are still in use even while the world is leaning towards e-commerce. Checks are an old form of making payments, but some small businesses still prefer to use them. There are also some landlords who ask their tenants to make rent payments using checks.

2. Checks Are Detectable

The safety of your money is important. While there are many safe ways to do business, using a check is one option for a secure method. When you draw a check, the bank keeps a copy of its records. By doing this, any business you conduct leaves a paper trail. Thieves and hackers will find it difficult to access your money.

This feature of a check makes them unattractive targets for persons who steal. Only the person whose name is in the check can cash the amount written. It is better for you to walk around with a checkbook of “useless” paper than a credit or debit card that is hackable.

3. Checks Make a Professional Statement

If you are looking to make a statement about your brand and your business, check payments are one way to speak out. It is a viable way for people with who you do business with to consider you trustworthy! Why? Because people trust banks. Knowing that you can secure a checking account in a financial institution puts minds at ease. Not only that, but you can even customize your checks! Complete your professional experience with a company logo on your check leaf. To add personal style, you can even include a picture of yourself. The possibilities are endless when you opt to make a professional statement.

4. Budgeting is Easier With Checks

Picture this, you are a small business owner. You handle all your books without help. You are also the face of sales and customer service. It means you have no free time!

As a business owner, you want to maximize the helpful features available to you. Using checks helps you with budgeting. This is one thing you can tick off your to-do list. At the end of the month (or quarter) when you decide to do your taxes, you have a reliable source for information. The check stubs remain in your checkbook and give you easy access to how you spent money over a period.

Personal checks are a smart option for you. Open your checking account. You already know that checks are convenient for doing business. Checks are also safe and allow you to manage your funds well.