My bank has recently informed me that guarantee for payment by cheque is being withdrawn. This is part of the banking sector's agenda to abolish cheques.
Four alternatives to cheques are indicated: debit cards, direct debit, standing orders and direct payment.
None of these is really practical for charitable and voluntary organisations, paying plumbers, decorators etc, or settling debts between individuals. In the case of the last option, it is hard to see how it would work for those who do not live close to branches, or do not have online access.
The chairman of the Payments Council has said cheques will not be scrapped until a viable alternative is available. What - and when - might that be?