Cheque, online or Giro - it's a matter of choice
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Jul 15, 2010 - ST Forum
Cheque, online or Giro - it's a matter of choice
I REFER to the Monetary Authority of Singapore's reply on Monday ("Why it's not feasible to ditch cheques") to Mr Tan Kin Lian's letter ("Cheques are cumbersome and redundant"; July 3).
No one is forced to pay by cheque - it is a matter of choice.
Paying monthly bills by Giro is convenient, so this ought to be the preferred choice, though some would still prefer to pay by cheque, especially if the payer has had the exasperating experience of trying to get a refund when the amount deducted via Giro is incorrect.
Some insurance companies do not issue receipts for premiums paid unless requested, and the payer may feel reassured if payment is by cheque since a copy of the paid item can be obtained from the bank if a dispute arises.
Payments by Nets or credit card are the most common at checkout counters, unlike in some Western countries where it is common to see people whip out the cheque book to pay.
It is possible to make online payments via banks to third-party accounts, but the long period before the funds reach the recipient's account makes it preferable to mail a cheque instead.
Denis Distant
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i get my payments by cheque, cash and sometimes online fund transfer
whichever is more convenient for the client
i dun care which method as long as i get paid (on time, preferably) -
I like cheques, the feeling of a many digit figure squeezed onto a single piece of paper in your hands is an exhilerating experience.
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when all things fail...
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I prefer cheques. Can "see" the money go into my account every time I drop into the deposit box
