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Personal Finance (Other)

Are electronic money transfers better than paper checks?

Results so far:

No
22% 26 votes Total: 116 votes
Yes
78% 90 votes

Paper is slowly becoming a thing of the past. News papers, Magazines, Daily expenses, and statements are all being accessed technically. Electronics have made things safer and in this day in age faster. Checks are often being stolen, wash, and re-documented. Mail theft is at an all time high. Who has time to deal with this nonsense? Identity theft is a very lengthy process to correct. I sure would hate to substitute spending time enjoying life with legal action concerning the three credit bureaus. Businesses are feeling the combinations of credit crunches and the un-bearable rise in inflation. Money transfers are less expensive and tree's can know be used to construct oxygen. Time is money and the word convenient is defiantly a commodity. So tell me which situation would you rather be in; it's Friday evening, the sun is glazing, the temperature is in the early eighties. Your Beach home is an hour away; you can smell the salt water and feel the fresh air from the shore lines breezing through your hair, only to arrive at the nearest bank accompanied by a line of automobiles backed up the boulevard. Wait it gets even better your phone rings, It's your family having a great time at the beach because they have direct deposit and they received there money's early Friday morning. Direct deposit as well as Bank to Bank transfers are very simple to arrange. Find out if your employer participates in a direct deposit program with an Automated Clearing House (ACH). Fill out the necessary paper work by placing appropriate documents in the blank spaces. Bank to Bank transfers do have some restrictions; there can be minimums and maximums on transfer funds. Also some banks do charge transfer fees. Most banks will notify you of any material change to the Terms. In most cases, you will receive the notice online the next time you log in; however, most banks reserves the right to notify you by e-mail or by conventional mail, at its discretion. You have the option to agree that if you continue to use the Service after you have been notify of any change, you thereby accept the changes to the Terms and agree to be bound by this Agreement, as amended. If you do not accept and agree to the changes to the Terms, you will not be entitled to use the Service. So now that you're informed about this great invention, welcome to the new revolution everything is going paperless.

Learn more about this author, Kenny Kinard.
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Below are the top articles rated and ranked by Helium members on:

Are electronic money transfers better than paper checks?

Yes
No
  • 1 of 2

    by Rodney Loftis

    I think that electric money transfers are good in a lot of ways. But they are also bad in a lot of ways. When I pay a...read more

  • 2 of 2

    by Sanjit Datta

    Electronic money transfers have definite uses. The IRS uses them to debit taxes out of business's accounts, and kidna...read more

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