Money Talks
With many companies operating on tight budgets, it is important to make every penny count. Are high security checks with high security features really worth the investment? It may sound expensive, but think of the money you save in attorneys' fees.
"The actual cost of the check itself is only a tiny portion of the overall costs of the entire check disbursement process. The overall disbursement costs are somewhere between $1.00 and $1.50 per check. Costs include the labor costs to prepare the check for printing, the cost to reconcile the bank account, the cost of the envelope and USPS postage, the cost the bank charges on account analysis to pay the check (usually 0.12 per check, which is more than the price of the actual check)," Litster asserted. "The difference in price per check between a 'vanilla' check and a high security check is, quite literally, pennies. The question becomes, 'Do I want to spend $1.50 and use a vanilla check, or spend $1.54 and use the SuperBusinessCheck?' Those additional pennies help protect a check worth hundreds or thousands of dollars."