The Great British Cheque Report - Cheque and Credit Clearing ...
The Great British Cheque Report - Cheque and Credit Clearing ...
The Great British Cheque Report - Cheque and Credit Clearing ...
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6 Personal cheque usageSince 1990, cheques have declined in volume eachyear. Over the last ten years personal cheque use has morethan halved, with <strong>British</strong> adults making just 1.4 cheque paymentsper month in 2007, compared with 2.9 per month ten yearspreviously <strong>and</strong> receiving only around five cheques per year,compared with eight each year in 1997.FactSince 1985 the <strong>Cheque</strong> <strong>and</strong> <strong>Credit</strong> <strong>Clearing</strong> Company hascleared more than 44.8 billion cheques, with a value of£26,850 billion.However, cheques retain their popularity for certain payments,including subscriptions to clubs <strong>and</strong> societies <strong>and</strong> for payingbills, <strong>and</strong> in 2007 there were 2.4 million personal cheques writtenevery day.Volumes (billions)2.01.51.00.50.0199719981999200020012002200320042005200620071997199819992000200120022003200420052006200718<strong>The</strong> <strong>Great</strong> <strong>British</strong> <strong>Cheque</strong> <strong>Report</strong>Personal paymentsPersonal cheque volumes 1997 to 2007Personal cash aquisition
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