CWA appeals against abolition of cheques

Mozo

Tuesday 12 July 2011

The Reserve Bank of Australia (RBA) has been urged not to phase out the use of cheques in light of the prevalence of alternative payment methods such as debit cards.

CWA urges APAC not to abolish cheques

An appeal has been launched by the Country Women's Association (CWA) against the abolition of cheques on the basis that many prefer this option over passing on details through the internet or on the phone, reports ABC News.

"A lot of charities rely on everything to be paid by cheque to them," said the president of the Uralla branch Karen Dusting.

"We have a rule when you receive money in you write a receipt, when you pay money out you write a cheque and that's the way it balances," she explained.

The Australian Payments Clearing Association (APCA) has started a public consultation into the use of cheques in the country and whether they have a future in the face of the growing popularity of alternative options, such as debit cards.

Since 2006, the number of cheques used in Australia fell from 437 million to 276 million and earlier this month, chief executive of the APCA Chris Hamilton said the payment method was "in irreversible decline".

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