Get Reliable Cheques in Canada

Canada Checks: The Ultimate Guide to Understanding, Using and Protecting Yourself When you withdraw money from your savings account or use a debit card, the financial institution that services that transaction will charge you an interest rate, known as the bank rate. The bank rate is determined by the Bank of Canada and changes regularly. When you use a cheque to pay for goods or make purchases, however, there is no bank rate. In other words, if you write a check or cheques in Canada , you are required to accept any amount that the financial institution sells to you at face value. Impressed by this concept? You’re not alone; many Canadians have also been surprised by this hidden rule. So much so, that one in five adults admitted to using cash instead of cheques for regular transactions because they are no longer accustomed to paying for things with them. How to get your Cheques in Canada Many Canadians have been wondering how they can get their hands on a checkbook in Canada. Luckily, ...