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Ratio of check volume to value

Question: 
How has the ratio between total checks written and average check value evolved in recent years?
Answer: 

According to the data from the Federal Reserve, the total number of checks written has decreased since 2015; however, the average value of checks has increased—a trend that was likely accelerated by the COVID-19 pandemic.

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Vendor: 

Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
www.alogent.com

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+1-678-966-0844

First published on 05/28/2023

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