# Cheques will stay, says Payments Council

- Link: https://fundraising.co.uk/2011/07/12/cheques-will-stay-says-payments-council/
- Published: 2011-07-12T16:50:44+01:00
- Author: Howard Lake

Cheques will stay “for as long as customers need them”, the Payments Council announced
today and said that the possible withdrawal date for cheques in 2018 has been scrapped.

 

Chairman of the Council Richard North said: “It’s in the DNA of the Payments Council
to consult and listen to all those people who actually make payments and use cheques.
Over the last two years we have learnt a great deal about what is important to our
many stakeholders and we are really grateful to all of those groups an individuals
who took the time to talk to us and help us reach this decision.”

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Simon Morrison, director of marketing and communications at the Institute of Fundraising
said the institute was delighted at the decision. “This will make a world of difference
to a lot of our members, especially as some charities currently receive up to 80
per cent of their funding by cheque.”

 

Previously released figures from CAF Bank show that it received 1.7m cheques worth
£471m in the 2010/11 financial year. “Peter Mitchell, ceo of the bank said “We believe
that this is great news for charities as many were extremely concerned about how
to adapt to the potential loss of income that losing cheques might have brought.”

 

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