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With so many alternative banking methods nowadays, it may seem pointless to write checks. You can pay for everything with debit cards and electronic payments. Why should you continue to rely on Milwaukee checking services for more than handling your funds and making debit payments? It may seem too old-fashioned to write checks for payments, especially when alternatives are always available. Actually, you would be surprised how many benefits there are to continuing to rely on checks for all sorts of common expenses. Float When you write a check, you produce what is known as float--a delay between you handing over payment and the funds actually being deducted from your checking account. Before the 1990s, people would cash in on interest rates from float in some creative ways, relying on the fact that checks often had to be flown across the country to be cashed or deposited. Today, though, people can still rely on the 1- or 2-day delay in financial deduction after making a payment by check. Think of it as paying on short-term credit without paying interest rates. High Security Back in the days when checks were the only method of getting money out of checking accounts and withdrawals required that one make a check out to "cash" and present it at his or her bank, security was almost guaranteed. For a thief to hack your checking account, they would have to get ahold of one of your checks, forge it, and present it to your bank in person, no sneaking around possible. While security measures are still in place to protect your checking account now, it is still highly secure to make payments by check rather than constantly relying on a debit card, especially at institutions that you do not trust. No Balancing Required In the time before debit cards and electronic bank statements, writing checks required that you balance your checkbook. This meant writing down all of your payments on a balance sheet, adding them up, checking your work, then comparing the result with your paper bank statement to ensure that there were not any discrepancies. Today, it is quick and easy to access your own account information. You can compare your checkbook with your online account statement with no trouble, no math, and no need for a calculator. No Receipts While making other forms of payment, such as automatic withdrawals or debit payments, requires that you hold onto paper receipts or emailed proofs of payment, your checkbook will provide you with instant carbon copies of every check that you write and everything that is written on it. This acts as a collection of "receipts" showing all of your payments in a single book. This comes in handy when companies deny you have issued a payment or you fail to receive the services or products that you pay for in advance. While there are other, faster methods of making payments straight from your checking account, all of which have their benefits, there are several reasons why you should not neglect to stock up on checkbooks and rely on these ancient forms of paper payment. A reliable and secure bank will make efforts to protect your account from hacking and unauthorized charges or deductions in addition to validating your identity for safe withdrawals, but writing checks is a secure form of payment and has been for a long time. When you rely on Milwaukee checking services for keeping track of your funds, allowing you to make payments for expenses you want and need, you can rest easily knowing that your funds are secure and transactions are made securely. For best results, though, take out that checkbook now and then. Your bank will provide you with all of the checks you need.
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