Share of businesses using checks in the United Kingdom (UK) 2015-2018, by reason

This statistic illustrates the reasons listed by businesses for using checks as a method of payments in the United Kingdom (UK) from 2015 to 2018. In 2015, the majority of businesses (30 percent) indicated that checks were always used in the past and therefore they choose to stick to this method. As of 2018, 28 percent of businesses pointed to requests made by payees as the main reason for check payments.

Reasons for paying by check according to businesses in the United Kingdom (UK) from 2015 to 2018

Reasons for using chequesPayee requestAlways used in the pastNo payee account detailsControl who can payManage cash flowMoney leaves account slowlyMust send by postCheaper than other methods Payee may not cash cheque
201828%22%13%12%11%11%9%3%5%
201735%34%19%11%28%4%8%4%2%
201632%27%13%16%22%8%8%9%2%
201525%30%9%18%29%21%7%11%2%
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Sources

Release date

September 2018

Region

United Kingdom

Survey time period

2015 to 2018

Number of respondents

1,000 (latest)*

Special properties

financial decision makers

Method of interview

Telephone interview

Supplementary notes

* Business survey of 1,000 financial decision makers.

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Statistics on "Check payments in the United Kingdom"

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