Pros and Cons of Pre-Printed Checks

One of the most popular types of checks used by businesses are pre-printed. These are drafted and printed by a company before they are sent to the bank for payment. This can be a cost effective and time saving method when used properly. However, there are many disadvantages of using pre-printed checks.

The first and foremost disadvantage is that these checks are prone to security risks. This is because they contain vital information like account number and routing numbers that can be used to make fraudulent transactions.

Another problem is that these checks are not a good option for the modern world of instant access. This is because they require ordering several weeks in advance and they cannot be used when you are in a hurry to pay.

Moreover, they are expensive and risky. They can easily be stolen or copied by identity thieves if they are not kept in a secure place.

A more cost-effective and secure alternative to pre-printed checks is blank check stock. This type of check stock does not have the same security risks as pre-printed checks, because it is a live check only until it is printed.

In addition, this stock does not need to be inventoried, locked, counted or tracked in the same way as pre-printed business checks do. This can be costly and onerous for banks that use these checks. It can also cause delays in bank service and lower customer satisfaction levels.