why are/were checks used so frequently when all of our bank information is on the checks and can be easily stolen?
In: Other
One aspect others haven’t mentioned is a lack of any other good choices. For a very long time you had two choices, pay in cash or pay by check. Even if there is a risk of fraud from check, it is still safer than having large sums of cash on you or in your house on a regular basis. Plus people just didn’t want to carry around tons of cash or have it sitting in their house. It wasn’t as convenient as checks.
While checks are still used, they are no where near as common as they used to be for personal transactions. People have largely moved to debit and credit cards, although ironically in the USA, they may actually be less secure than checks as fraud is easier to hide who you are.
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