
Target has announced that it will no longer accept personal checks as a form of payment at its checkout counters starting from July 15 to ensure a smooth and efficient checkout experience.
The retail giant explained cited the "extremely low volumes" of personal check transactions as a reason. The use of personal checks has significantly declined in recent years. According to the Federal Reserve Financial Services, personal check usage fell to just 3% of payments in 2023, down from 4% in 2021 and 2022, and 7% in 2020.