What can cheques be used for?
Although digital banking, electronic fund transfers, and mobile payment applications have grown increasingly dominant, cheques remain useful financial instruments for specific transactions. Cheques can be used to pay rent or security deposits, make large business-to-business payments where credit card processing fees are prohibitive, transfer funds safely without carrying large amounts of physical cash, pay municipal taxes or tuition fees, and disburse wages or legal settlements. Certified cheques, cashier's cheques, and personal cheques provide a verifiable paper trail, secure escrow arrangements, and guaranteed funds for major financial obligations where immediate cash clearance is not mandatory.
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