The demise of cheques. Will the elderly really suffer?

Proposals to phase out cheques by 2018 will not have the huge impact on older people that many are predicting, according to Saga.

Emma Soames, Editor at Large for Saga Magazine said:

“Our customers are very at home using Credit and Debit Cards and have been for many years. In fact this has been a topic for discussion on SagaZone, the social networking site for over 50s, with most contributors completely comfortable with the withdrawal of cheques.”

“The realistic timetable of phased withdrawal by 2018 will also give the more nervous consumers time to adjust to new payment methods and also allow the development of technology to fill any potential gaps. Of course consumers should be given the choice to pay using methods that they feel comfortable with but with cheques not being accepted in an increasing number of stores, many have already been forced into using debit cards and found it much easier than originally expected. Cheques look set to join tins of spam, missed only for nostalgic reasons.”