Fee Income Keeping Paper Checks Around? Posted by AVCU on 3:29 PM

The 5/10 American Banker features an article proposing that unlike European banks dropping paper checks entirely, U.S. banks still get too much fee income from overdrafts and other related fees to drop paper checks for the foreseeable future. The article points out that although the checking account is disappearing in other countries, here in the U.S. it will take longer . . . much as check truncation took much longer to take hold in the U.S. than elsewhere.


Andrew Kahr is a principal in Credit Builders LLC, a financial product testing and development company. Read his article here.