This preview shows page 1. Sign up to view the full content.
Unformatted text preview: the bank also makes photo of the checks which is further validation that a bill has been paid, when they were paid, how much and any signatures to validate it as a check written by the banks customer along with anyone else who signed the back to cash or deposit it in their account. I have often wondered if the reason checks and debit cards are so popular rather than cash was it due to the state of our economy and national deficit? However, I have no validation of that. One advantage a business owner might get from using checks instead of cash is that more than likely they would have more customers. Even I had visited restaurants and shops whom only accept cash and did not have a debit machine. I never carry cash and in a situation like this rather than go through the hassle of finding an ATM, I just go somewhere that I know will take a check or my debit card....
View Full Document
This note was uploaded on 04/21/2011 for the course BUSINESS 2003-1 taught by Professor Cutchen during the Spring '09 term at Walden University.
- Spring '09
- Business Law