Thankful for Not Having to Write Paper Checks!

By
Real Estate Broker/Owner with Fred Griffin Real Estate Florida Broker BK436788

    It's been a long time since I wrote a paper check... so long, that I almost take it for granted how easy it is to pay bills using a debit card, or sending money by wiring funds.  While cleaning some files this morning, I came across some canceled paper checks, and thought "Wow!  When was the last time I filled out one of these things?"

 

 

 

     During this Thanksgiving month, "No More Checks" is something to be grateful for!  

     In addition to the time saved not writing checks, debit card payments clear quickly, and they don't get lost in the mail.  Sometimes a debit card payment hits your bank account immediately; they rarely take more than a day or two to clear.  You are able to balance your account right away.

 

 

 

 

     Electronic payments have become the standard for buying and selling real estate. 

     We see very few paper checks.  Many title companies will no longer accept paper checks (including cashier's checks and money orders).  They want wired funds for the upfront escrow/good faith deposit, and for the balance due at closing.  When the Buyer wires the deposit to the title company, that title closer sends acknowlegement of receipt to all parties, and to the Brokers.  Everyone knows that the deposit has been made; everyone knows who is holding that money!

 

    

 

     Do you ever see paper checks?  About the only time I see a paper check, is when I am in the grocery store, and some customer in front of me pulls out an old fashioned check book.  You rarely see it anymore, and of course when it happens, everyone in line groans.  You grab up your purchases and move to another checkout line.  

     Perhaps the only downside of "no more paper checks" is that when you forget to make a payment, you can no longer say, "The check is in the mail".  

 

     Good riddance to old fashioned paper checks!

___________________________

Posted by

Frederick Griffin, Licensed Florida Real Estate Broker    

 

Leave of Absence, January 2019

      Fred is not soliciting new business at this time.

     If you are a current or former client of Fred, and need to speak with him, use the CONTACT button on this page.  

  

 

 

 

Tallahassee Florida Metropolitan Area    

 

Disclaimer:  Nothing in the above blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Ambassador
3,674,552
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Fred, paper checks seem to have gone the way of the land line!

Nov 15, 2018 01:02 PM #1
Ambassador
2,347,907
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Hi Patricia Kennedy  Telephone landlines, paper checks... and box-shaped TV sets.   

Nov 15, 2018 01:09 PM #2
Rainmaker
3,015,109
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Fred... I still do write the occasional check. Not everyone takes a credit or debit payment. (My home stager, for example.)

Nov 15, 2018 01:56 PM #3
Rainmaker
1,026,929
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

I pay my housekeeper by check but that is about it. I pretty much do everything electronically or pay cash in person because of so many horror stories about stolen card numbers, etc.  So far, so good. 

Nov 15, 2018 02:20 PM #4
Ambassador
3,804,435
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Fred- I try to be as paperless as I can and love the ability to pay electronically. Nina Hollander my clients pay me via Paypal.

Nov 15, 2018 06:48 PM #5
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I still write paper checks and do not have a debit card. Thank you for sharing 

Nov 16, 2018 02:33 AM #6
Rainmaker
867,861
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Fred Griffin I, like Nina Hollander , still write the occassional check, but I dislike doing it.  

Nov 17, 2018 06:41 PM #7
Rainmaker
1,415,707
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

I do still use checks from time to time but most of my purchases are electronic. I'm sure eventually they will become just a part of history.

Nov 24, 2018 03:41 AM #8
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I still write one or two a month but wouldn't if I had other choices. Pretty soon i will not need them at all.

Nov 25, 2018 05:49 PM #9
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