Check use may decline before end of decade

Is there a peak in the paper mountain? Yes, says a study published today by the Federal Reserve Bank of Atlanta, at least in the number of checks Americans write.

Already, the growth in the number of checks appears to be declining. Some 36 billion checks were written last year. The study projects that the total should peak at about 40.1 billion near the end of the decade and begin a slow decline. The researchers don't see a checkless society anytime soon. But an increasing number of banking transfers will be done by automatic teller machines, which have doubled in number since 1980.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK