-
In 2007, 4.4 million cheques were issued each day, compared with 11 million in 1990, the peak year for cheque volumes. By 2017 this is expected to drop to 2 million cheques per day.
-
In 2007 each adult made 1.4 cheque payments per month, compared with 2.9 per month in 1997.
-
On average, each adult receives fewer than five cheques per year.
-
Only 5 million adults still use guaranteed cheques on a regular basis, compared to 14 million in 1997.
-
Only one in eleven regular bills is paid by cheque, compared with one in five as recently as 2000. This is expected to drop to one in thirty-five by 2017.
-
By 2017 cheques will account for only 2.1% of all non-cash payments made by individuals.
-
The average value of a personal cheque payment is £226.
-
Only 2.8% of retail spending by value is still paid by cheque, compared with over 60% by debit or credit card.
-
Business cheque use peaked in 1997 and has declined since then as businesses increasingly move to the use of automated payments for their trade suppliers.
