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Cheques were phased out in Netherlands in 2001. Even at that time it was hardly used. Cheques had a very high risk of fraud, plus expensive to process.

I don't get why you'd use something like that. Due to new EU regulation I can transfer money to other Dutch banks within 5-10 seconds. It should be EU-wide, but it seems the Dutch banks would some loophole to delay that. Anyway, what is the point of a cheque? Just pay immediately, this ensures your balance is way more accurate.



But you don't know the best thing.

In the USA checks have your account number. A number you are supposed to keep secret to prevent ACH fraud.

The first thing Banks ask you if you try to address any fraudulent transaction is whether you've shared that number with anyone.

The number that is in every check!

It's insanity.


Because the person you make a cheque to might not have his banking information on him ? And it often goes with "please only deposit this cheque only after day X so I don't end up in the red".




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