Despite the widespread adoption of digital payment methods across Canada, cheques continue to play a significant role in business transactions, particularly for high-value payments that require a paper trail, according to Print & Cheques Now Inc., a Calgary-based cheque printing company. The company reports sustained demand from accounting teams and small businesses who rely on cheques for recordkeeping and compliance purposes.
Payments Canada's 2025 Canadian Payment Methods and Trends Report found that while cheques accounted for only two per cent of total payment volume in 2024, they represented 22 per cent of total payment value. This disparity underscores the ongoing relevance of cheques for larger transactions, a trend that Print & Cheques Now says aligns with its customer base of more than 46,000 businesses across Canada.
"Most businesses are not using cheques for everyday counter sales anymore," said a Print & Cheques Now spokesperson. "They are using them where the payment needs a record, a signature, a remittance stub, or a process that fits the way a vendor, landlord, or contractor already works."
The Payments Canada report highlights that digital payments made up 86 per cent of total payment volume and 77 per cent of total payment value in 2024. Contactless payments alone accounted for 58 per cent of transactions. However, cheques held 22 per cent of payment value, trailing EFT at 63 per cent but ahead of credit cards at six per cent.
For small and mid-sized businesses, this division explains why cheque ordering has remained steady. Companies often handle recurring bills through EFT and accept cards from customers, yet maintain printed cheques for vendor payments, rent, payroll adjustments, refund processing, security deposits, and one-off payments that require additional documentation.
Print & Cheques Now identifies three common factors that sustain business cheque demand: some vendors and landlords continue to request cheque payment for larger or recurring amounts; accounting teams frequently rely on cheque stubs for payment records and reconciliation; and certain one-off payments are more straightforward to approve, sign, mail, and file than to process through a digital payment setup.
The company prints Payments Canada Standard 006-compliant cheques and holds CPA Self-Accredited Printer #1010 status. Its business cheque products are available for companies that need to order bank cheques for Canadian bank accounts, as well as organizations evaluating business cheques Canada options beyond what their bank directly supplies.
For finance teams sourcing business checks, the decision typically centers on compliance, recordkeeping requirements, and compatibility with existing accounting software rather than any preference for paper-based processes. Print & Cheques Now carries manual business cheques, laser and computer cheques, personal cheques, deposit books, endorsement stamps, and cheque binders, with confirmed software compatibility including QuickBooks, Sage 50, Xero, and Simply Accounting.
