Cheque Costs $40 $81
I may have a free chequing account, in that I am not charged for the use of cheques on my bank account (even though I am charged $13.95 $16.00 a month in service fees, but let’s not quite go there today), however each cheque costs to write for this very account, I must pay about $40 $81 (for 100). (Updating with current costs as of Jan 2020)
I had a long ranting post about cheque costs, which I am sure by now will sound very hum drum to my loyal readers, so I decided to draw you a picture (yes I am branching out to MultiMedia), to show you just how silly the process is (yes that is my handwriting):
Note the helpful screaming wild face I added into the process, but it does seem that every time I order cheques, I end up paying $10 more each time, and thus very soon it will cost $1 per cheque to order (in my estimation).
For those who don’t understand my scratchings it is:
- Use 150 cheques over a calendar year (approximately) (I even added an example cheque, hence the “Pay to you $2 box” it is supposed to be a real cheque).
- Run out of cheques at the most inopportune time possible (hence the graphic of the screaming face)
- Ordernewchequeson line
- Note that cheques have just increased by $10 over the last time you ordered cheques
No, I am still not happy about this whole process.
Epilogue
The answer now seems to be to pay most things on line, and any time a cheque might be needed do a simple transfer using Interac.
Looks like many of the commenters here need to find a better bank. Might I suggest a credit union?
In May 2019, Vancity charged me $42 for 100 cheques + 5-day delivery + tax. Any guesses who produced these cheques? That’s right: it was D+H, Davis and Henderson, the same producer used by the big five banks.
I did look at some of the other competitors first, but as of today, all were just a bit more expensive than the D+H cheques provided by my own credit union.