Checks will be with us for a long, long time
The obituary for the check has been prematurely written. Almost half (46%) of consumers have written a check in the last 30 days.1 Not quite dead, indeed.
Has check volume been declining for a number of years? Absolutely. In 2015, 18.1 billion checks were written. By 2021, the Federal Reserve reported 11.2 billion checks were written.2 11.2 billion is still a big number. Will check volumes continue to decline? More than likely. Will checks become obsolete? Very, very unlikely.
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Source Epson
