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Originally Posted by HarryT
I don't know if it's just personal cheques, or everything. Yes, I too wonder how people will deal with large transactions; I don't know how cheques will be replaced for that kind of thing.
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They've been abolished for 10 years already here. All transfers are either by mobile pin (even larger amounts, but you need to notify your bank in advance for those), or by bank-to-bank money transfers, either by phone, or by use of electronic banking.
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what about large legitimate cash payments? like home purchases, vehicles and stuff? will there still be bank checks?
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Home purchases are done with a notary. No physical money, in any form, changes hands. Only bankaccounts... When I bought my car, I made a phone call to my bank, and asked them to transfer the required money to the car owner.