UK writes off cheque by 2018.

Just read this on yahoo news. UK states they will write off cheques by 2018.

Granted, its fine if they want to write off cheques by 2018. But that's for their own country.

When I was in Australia, I barely even used the stack of HSBC cheques that I had... as it costs AUD1 to just even bank-in the cheque.Imagine if I wrote ten cheques, that'll be AUD10!

That's -- daylight robbery!. Not only do most of Aussie banks already charge a monthly fee, they charge "cheque processing fee".... >.<

Nonetheless, cheques are still well & alive in the Malaysia in day-to-day business. Malaysian businesses can't survive without the cheque-- as inter-bank transfers cost a bomb (RM2 per transaction) each, whereas it's free in Australia.

Hmmm..