Print & Cheques Now Inc., a Calgary-based cheque printing company serving over 46,000 customers across Canada, reports that business cheque demand remains steady as accounting teams rely on paper cheques for recordkeeping and compliance purposes. 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 represented 22 per cent of total payment value, highlighting their continued importance for high-value transactions.
While digital payments dominate—86 per cent of total volume and 77 per cent of total value in 2024—cheques persist in specific business contexts. Contactless payments made up 58 per cent of transactions, yet cheques held a larger share of payment value than credit cards (six per cent), trailing only EFT at 63 per cent. For small and mid-sized businesses, this division explains why cheque ordering has not declined significantly.
"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 company identifies three key factors sustaining 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—such as rent, payroll adjustments, refund processing, and security deposits—are more straightforward to approve, sign, mail, and file than to process digitally.
Print & Cheques Now prints Payments Canada Standard 006-compliant cheques and holds CPA Self-Accredited Printer #1010 status. Its products include manual business cheques, laser and computer cheques, personal cheques, deposit books, endorsement stamps, and cheque binders, with confirmed compatibility for QuickBooks, Sage 50, Xero, and Simply Accounting. Orders placed by 2 PM EST, Monday through Friday, qualify for same-day printing, backed by the Bank Acceptance Guarantee.
For finance teams sourcing business checks, the decision centers on compliance, recordkeeping requirements, and compatibility with existing accounting software rather than a preference for paper. The company serves organizations evaluating business cheques Canada options beyond what their bank directly supplies, and offers the ability to order bank cheques for Canadian bank accounts.
The implications for the industry are clear: despite the digital shift, cheques remain a critical tool for business payments that require a documented paper trail. This sustained demand influences how cheque printers and financial service providers adapt their offerings to meet compliance and recordkeeping needs.
