71.7k views
3 votes
What are some advantages and disadvantages to paying with checks?

User Costanza
by
7.0k points

2 Answers

5 votes
you could lose money. but you could also get more money. just gotta play it smart

User Gorisanson
by
7.3k points
7 votes

Answer:

Advantages of paying with checks are... You don't need to worry about losing a debit/credit card or cash when carrying a check book. There is added security with your signature on every check. Most of the time checks can be written out to almost anyone. You also have "float time" to move money into your checking account before the payee deposits the check.

Disadvantages of paying with checks are... Risk of identity theft because of the personal information a check has printed on it. The cost of re-ordering checks. It is possible to overdraw your account if you don't keep accurate info on what checks you have written. Inconvenient to carry around because you can't fit it into your wallet.

Explanation:

User Verklixt
by
6.9k points