Disadvantages of using cheque as a means of payment

Disadvantages of using cheque as a means of payment

  • Requires payee to travel to the bank.
  • Cheques may be dishonoured
  • Bank charges are paid
  • Can only be issued by the holder
  • Not readily acceptable by everybody.
  • Can only be issued by an account holder




cheque


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One thought on “Disadvantages of using cheque as a means of payment”

  1. Can anyone forge such a cheque because I have someone who has sent me a pic of similar equity cheque and he even called me on video so that I can see the cheque with him, I need ur help so that am not scammed…..he claims to be traveling to my country so that we can go to the bank to cashout the cheque…

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