We are seeing the end of an age here, this is a critical article.
If you think about how much of the European currency has changed even within 30 years, for example the UK pounds shillings and pence system went decimal in 1972, then came the Euro as a European currency, and with the advent of the internet, physical paper will go digital. One day a checkbook and checks will likely be like LP's to the Mp3 generation.
Conservative MP Andrew Tyrie, chairman of the Treasury select committee, said the banks' approach had been "high-handed" and the proposed change had been rushed through.
A final decision to switch off the conventional cheque clearing system is scheduled to be made in 2016.
The banks said the cheque clearing system would be closed only if good alternatives had been devised.
The Payments Council announced plans to phase out cheques in the UK last year
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