Federal Reserve considers winding down paper check processing

When was the last time you wrote a paper check? If the answer is a long time, that’s exactly why the Fed says they’re starting to explore winding down their check processing services–a move that could send ripples across the banking world. But some people have good arguments for why paper checks ought to stick around, at least for now.

Web Editor : Kaitlyn Dang

Posted 2025-12-28T07:58:36-0500 – Updated 2025-12-28T08:00:10-0500