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


(Visited 2,235 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *