Target stores to stop accepting personal checks
Target says it made the decision to no longer accept checks 'due to extremely low volume'
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Target Corp. is killing off the use of personal checks at its stores for good.
"Due to extremely low volumes, we'll no longer accept personal checks starting July 15," Target said in a statement to FOX Television stations. "We have taken several measures to notify guests in advance to aid an easy and efficient checkout experience."
Target will stop accepting personal checks at its stores beginning July 15. (Bing Guan/Bloomberg via Getty Images / Getty Images)
Target will still allow customers to write checks through its Target Circle Week sale, which is going on this week through Saturday.
After the retail giant stops accepting checks, it will still accept several other forms of payments, including cash, debit and credit cards, digital wallets, SNAP/EBT, and buy now, pay later options.
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Target Circle Card payments may still be made by personal check via mail.
Target will soon stop accepting checks at its stores, but will still accept several other forms of payment, including cash, credit and debit cards, and buy now, pay later options. (David Paul Morris/Bloomberg via Getty Images / Getty Images)
Federal Reserve data shows the use of personal checks as a payment method has been on the decline for years. In 2023, checks accounted for only 3% of payments, down from 4% in the two previous years and 7% in 2020. Last year, the vast majority (62%) of payments were made using a credit or debit card, and 16% were made with cash.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TGT | TARGET CORP. | 121.76 | -34.24 | -21.95% |
Target Corp.
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USA Today noted that Target joins other major retailers in ending its acceptance of personal checks for payments at stores, including Aldi and Amazon-owned Whole Foods Markets.