Checks.in the mail
The thrill of waiting for checks in the mail!
It's always exciting to receive a check in the mail, whether it's a payment for a service, a refund, or a reward. Here are some fun facts about checks:
- The first check was issued in 1662: The first check was written by the Massachusetts Bay Colony to pay for a shipment of goods. It was a handwritten note on a piece of paper, and it's considered the precursor to modern checks.
- Checks are still widely used: Despite the rise of digital payments, checks are still a popular way to make payments, especially for larger transactions or for businesses that need to keep records.
- The average check is $1,000: According to the American Bankers Association, the average check written in the United States is around $1,000.
- Checks are more secure than cash: While cash can be lost or stolen, checks are more secure because they require a signature and can be traced back to the sender.
- The check-writing process is still largely manual: While some banks offer electronic check-writing services, many checks are still written by hand and processed manually.
So, what are you waiting for in the mail? A check from a friend, a payment from a client, or maybe a refund from a purchase? Whatever it is, I hope it's a pleasant surprise!