Businesses reducing use of cheques faster than consumers

Irish businesses are reducing their use of cheques at a faster pace than consumers.

19th August, 2014
About two-thirds of all business cheques issued are for €1,000 or less

Irish businesses are reducing their use of cheques at a faster pace than consumers, but the country is now only one of six European Union member states that still use cheques for regular payments, new research from the Central Bank has shown.

Cheques issued in Ireland are projected to be €61 million in 2014, down from €69 million in 2013 and from €132 million in 2005.

Of all cheques issued, businesses issue 47 per cent, but are the...

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