getting paid by cheque? irritating?

[d000hg]

Just phone up and speak to their accounts department.

[Greg@CapitalCity]

Of course the work I did was used immediately, the day after I finished..I just find this a cheap trick

Especially these days with electronic banking etc. However its tough times for a some people, and some companies figure that paying their creditors right on the time limit is an effective and cheap source of business financing.

[jonson]

Especially these days with electronic banking etc. However its tough times for a some people, and some companies figure that paying their creditors right on the time limit is an effective and cheap source of business financing.

yeah I mean they must make money on interest, by keeping the money there as long as possible or something..right?

[Greg@CapitalCity]

yeah I mean they must make money on interest, by keeping the money there as long as possible or something..right?

Hey jonson, I think you misunderstood me. Think of a business with £500,00 in the bank, debtors of £2m who will pay in 25days time, and whole pile of creditors that need to be paid £600,000 within 30days. If the company pays all its creditors within 7 days it runs out of money - if the company holds off on the creditor payments until 30days is up, it lives to fight another day. See what i mean when I say 'business financing'? Timing can be important.

[SueEllen]

yeah I mean they must make money on interest, by keeping the money there as long as possible or something..right?

Lots of business current accounts pay no interest.

Or in terms of your client the fact that they can pay you as late as possible means they have less interest added on to their overdraft.

[d000hg]

The only thing which would irritate me about being paid by cheque is having to find time to visit the bloody bank.

[JamJarST]

The only thing which would irritate me about being paid by cheque is having to find time to visit the bloody bank.

Yep that would be the most irritating part for me too.

[pmeswani]

K2P2 is way ahead of you on this one. She goes for a bit more of a direct approach...

I heard you taught K2P2 everything she needed to know about being direct.

[GillsMan]

The only thing which would irritate me about being paid by cheque is having to find time to visit the bloody bank.

This. One of my clients pays by cheque, reasonably well-sized Lloyds of London Insurance Co based on Leadenhall Street. Bit strange, and mildly irritating, but not enough for me to put up any fuss. Particularly as the gig's quite easy.

[TheFaQQer]

The only thing which would irritate me about being paid by cheque is having to find time to visit the bloody bank.

Santander do postal banking as well. But then you have to find the time to go to a post box.