Cheques have been in use for over 350 years, and they're still going strong.
With so many alternative ways to pay, it is a surprise that cheques are still used today. Although there were signs that they were to be phased out, for example, in the UK, the idea was scrapped.
For many companies, cheques are still the way to go. However, cheques also provide an opportunity to delay payments. Even when your customer does not mean to delay payments, if you are paid by cheque, it is useful to know how long you may be waiting until the funds have cleared. It may just change your mind about accepting cheques as a payment method.
Use our interactive map to see how long you could be waiting for cleared funds if you accept cheque payment. Hint: It could be anywhere up to 56 days!