Canadian businesses have widely adopted digital payments, yet cheques continue to represent a significant share of the country's total payment value, according to a Calgary-based cheque printer that reports steady demand tied to recordkeeping requirements.
Print & Cheques Now Inc., which serves more than 46,000 customers across Canada, says small businesses, bookkeepers, and finance teams still rely on cheques for higher-value payments that require a documented paper trail. The company's observations align with the 2025 Canadian Payment Methods and Trends Report from Payments Canada, which found that cheques accounted for two per cent of total payment volume in 2024 while representing 22 per cent of total payment value.
"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 showed 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. Cheques held 22 per cent of payment value, trailing EFT at 63 per cent but ahead of credit cards at six per cent.
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 purposes; 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.
