About the being cheaper: checks are usually free. For Wells Fargo - a large U.S. bank - when you schedule payments online they will print a check and send it for free. If you want to transfer money via wire you are actually charged.
Coming from the EU I was shocked to find out that a lot of the B2B payments for small and mid size companies - are done sending checks in the mail.
Routing and account numbers are considered sensitive information, and normally hidden on online banking. My understanding is that these can be used to transfer money out of the bank account.
Coming from the EU I was shocked to find out that a lot of the B2B payments for small and mid size companies - are done sending checks in the mail.
Routing and account numbers are considered sensitive information, and normally hidden on online banking. My understanding is that these can be used to transfer money out of the bank account.