Why 22% of Canada’s Payment Value Still Moves by Cheque
Calgary, Canada – July 18, 2026 / Print & Cheques Now Inc /
CALGARY, Alberta, August 2026 – Canadian businesses have adopted tap, card, online transfer, and EFT payments at scale, but cheque payments still carry a large share of the country’s payment value. According to Payments Canada’s 2025 Canadian Payment Methods and Trends Report, cheques accounted for two per cent of total payment volume in 2024 but 22 per cent of total payment value.
Print & Cheques Now Inc., a Calgary-based cheque printing company serving more than 46,000 customers across Canada, says the data matches what small businesses, bookkeepers, and finance teams still see in day-to-day operations: cheques are used less often, but they remain common for higher-value business payments that need a clear paper record.
“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.”
Payments Canada’s report found that digital payments represented 86 per cent of total payment volume and 77 per cent of total payment value in 2024. Contactless payments accounted for 58 per cent of transactions. At the same time, cheques held 22 per cent of payment value, behind EFT at 63 per cent and ahead of credit cards at six per cent.
For Canadian SMBs, that split helps explain why cheque ordering has not disappeared. A company may pay most recurring bills by EFT, accept cards from customers, and still keep printed cheques for vendor payments, rent, payroll adjustments, refund handling, security deposits, and one-off payments that require extra documentation.
Print & Cheques Now points to three common reasons business cheque demand continues:
- Some vendors and landlords still request cheque payment for larger or recurring amounts.
- Accounting teams often prefer cheque stubs for payment records and reconciliation.
- Certain one-off payments are easier to approve, sign, mail, and file than to set up through a digital payment process.
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 comparing business cheques Canada options outside bank-supplied cheque orders.
For finance teams that still search for business checks, the buying decision is usually about compliance, recordkeeping, and fit with existing accounting software rather than nostalgia for paper.
Print & Cheques Now offers manual business cheques, laser and computer cheques, personal cheques, deposit books, endorsement stamps, and cheque binders. Confirmed software compatibility includes QuickBooks, Sage 50, Xero, and Simply Accounting. Orders placed by 2 PM EST, Monday to Friday, are eligible for same-day printing, and every order is backed by the Bank Acceptance Guarantee: accepted by the bank or reprinted/refunded.
About Print & Cheques Now Inc.
Print & Cheques Now Inc. is a family-owned Canadian cheque printing company based in Calgary, Alberta. Founded in 2006, the company serves more than 46,000 customers across Canada and holds a 4.9/5 rating from 800+ Google reviews. Print & Cheques Now is CPA Self-Accredited Printer #1010 and prints Payments Canada Standard 006-compliant cheques for Canadian businesses and individuals. Visit https://chequesnow.ca/ or call 1-866-760-2661.
Contact Information:
Print & Cheques Now Inc
240007 Frontier Crescent, Unit 11
Calgary, Alberta T1X 0R4
Canada
Jon Gilchrist
+1-866-760-2661
https://chequesnow.ca
