I just got a new cheque book sent out to me and its got 25 cheques in it. My account gets debited €12.50 in stamp duty for the privelege. So each cheque costs 50cent each. Add to that the cost of e.g. postage and envelope it costs over a euro to send a cheque in the post. On the other hand I can send an electronic transfer for free using my eBanking.
At what level of stamp duty do people think users would be dis-incentivised from using cheques? e.g. stamp duty of €1 per cheque or €2 per cheque?
Or is there something else that could be done to get the equivalent of the plastic bag levy reduction in use of plastic bags.
Personally I hate cheques - the most inefficient form of payment known to man - prone to fraud, kiting, bouncing, undue payment delay etc etc, yet Ireland still uses vast amounts of them - especially the various parts of the Government which accounts for about a third of all cheques issued in the country.
At what level of stamp duty do people think users would be dis-incentivised from using cheques? e.g. stamp duty of €1 per cheque or €2 per cheque?
Or is there something else that could be done to get the equivalent of the plastic bag levy reduction in use of plastic bags.
Personally I hate cheques - the most inefficient form of payment known to man - prone to fraud, kiting, bouncing, undue payment delay etc etc, yet Ireland still uses vast amounts of them - especially the various parts of the Government which accounts for about a third of all cheques issued in the country.