🇨🇦 For Canadians: does your condo board accepts checks only?

[Roman Flip]

Does your condo board also accepts only cheques for condo fees? Mine does not accept anything else and are refusing to change that. Wondering how commonplace that is. Thanks.

[Roy N.]

Sounds like your condo board is a generation out of touch ... if I were to take out tenant population as an example, 80% of those under 30 do not have chequing accounts.  In the past five years, electronic payment (Interac e-Transfers or PADs) has become the most prevalent method of payment for rent among our tenants.

Method of payment (42 tenants):

Cash       Cheque        Electronic

4              5                   33

[Roman Flip]

Thanks, Roy! People pay cash? That's amazing! :D Would have never guessed.

[Bryan Kirow]

Mine requires a PAD be set up to withdraw condo fees but for other things such as a replacement FOB they only accept cheques. (Downtown Toronto)

[Roy N.]

Originally posted by @Roman Flip:

Thanks, Roy! People pay cash? That's amazing! :D Would have never guessed.

 Our few tenants who pay cash are typically over 60 or international students.   We issue them deposit-only bank cards and it is their responsibility to ensure their rent is in the bank on-time.

[Roman Flip]

deposit-only bank cards

That's neat. Had no idea such a thing existed. Thanks for the tip.