Think checks are outdated? Think again! There are times when a check is not only useful but also better for payment verification and security. Checks give you a payment backup in case a company accidentally loses your billing or payment record.  Using checks is also cheaper than using the ATM with most banks. Debit cards and ATM machines are always a blessing when you need cash fast, but sometimes you do yourself a disservice when you use them. Here are three situations on when not to use you an ATM.

Deposits on Expensive Items

You can withdraw a few hundred dollars at the ATM and pay cash for some items, but significant purchases require thousands of dollars and you might need to keep a copy as proof of payment.  For instance, you wouldn’t go to the ATM to get cash for a down-payment on a car. You also wouldn’t use a debit card, especially with potential fees attached to its use. A check gives you the paper backup copy you need to verify that you made the payment on just about any item you purchase.

Paying a Company You Don’t Trust

Sometimes you need to listen to your instincts. If you are reluctant to give your credit or debit card electronic information to a company that you don’t feel is  as reputable as you’d like, it’s best to use a check. You will be readily able to back up your claims if you pay for products that are never delivered or payment comes into any sort of question..

ATM Fees

You might have free ATM service at your own bank, but random ATM machines cost additional money. ATMs at popular tourist areas can charge you high fees to get cash, with some up to $5.00 or more to just withdraw your own money on top of anything your bank requires. To avoid these fees, you can pay by check.  Each time you go to the ATM, pay close attention to the warnings about fees. In addition to third-party ATM machines charging fees, your bank may also charge you after you use the ATM a certain amount of times during a week or month. Check with your bank to find out if using the ATM costs you any money at any point. If it does, you save money by using checks instead.

The convenience of an ATM and having cash doesn’t always benefit you when you’re on a budget.  Even though most people use a debit card, most vendors take checks. Just make sure you keep your driver’s license or other government issued identification with you. Carrying checks can save you some hassle if you don’t have your debit card or the cash to pay for items immediately. Plus, checks are inexpensive, with companies like www.BradfordExchangeChecks.com offering deals to new customers as low as $3.50/box. That’s as low as only 3 cents per check versus the $3.00 or so an ATM charges you to withdraw your own money.