The Herald reports:
State-owned Kiwibank will stop accepting cheques by February 28, 2020 and won’t issue new cheque or deposit books after September 28 this year.
Chief executive Steve Jurkovich said it was a tough decision to make but for the past five years the use of cheques had been steadily declining.
“With less than one per cent of Kiwibank payments now made by cheque, we’ve come to a tipping point.
I think it must be close to a decade since I wrote a cheque. And if people send me cheques I normally take around six months to bank them. They’re a pain which should be exterminated.
My reaction to Newshub labelling this breaking news.