Canadian businesses may have widely adopted tap, card, online transfer, and EFT payments, but cheques continue to represent a significant share of the country's total payment value, according to a Calgary-based cheque printing company.
Print & Cheques Now Inc., which serves more than 46,000 customers across Canada, says that figures from Payments Canada's 2025 Canadian Payment Methods and Trends Report reflect what small businesses, bookkeepers, and finance teams encounter daily: cheques are used less frequently, but they remain a consistent tool for higher-value business payments that require a documented paper trail.
The Payments Canada report found that cheques accounted for 2 percent of total payment volume in 2024 but represented 22 percent of total payment value. In contrast, digital payments made up 86 percent of volume and 77 percent of value, with contactless payments accounting for 58 percent of transactions. Cheques held 22 percent of payment value, trailing EFT at 63 percent but ahead of credit cards at 6 percent.
“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.”
For Canadian small and mid-sized businesses, that division helps explain why cheque ordering has remained steady. A company may handle most recurring bills through EFT, accept cards from customers, and still maintain printed cheques for vendor payments, rent, payroll adjustments, refund processing, security deposits, and one-off payments that call for 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. Confirmed software compatibility includes QuickBooks, Sage 50, Xero, and Simply Accounting. Orders placed by 2 PM EST, Monday through Friday, qualify for same-day printing, and every order is backed by the Bank Acceptance Guarantee: accepted by the bank or reprinted and refunded.
