The future of cheques is still uncertain, with Age UK calling for ‘specific plans’ to restore faith in the payment option. The charity has been vocal in its opposition to plans to scrap cheques by 2018 – a proposal which has now been discarded.
But it said there was still a chance that cheques would "wither away".
The Payments Council, which oversees payments strategy, said banks were committed to a future for cheques. A spokeswoman said that banks and building societies would continue to provide cheques for as long as customers needed them, a point later echoed by RBS.
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