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Checkbook

Digital checks, emailed instantly

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Niv Dror@nivo0o0 · Words @ProdcutHunt & @AngelList
As someone who doesn't have checks, but occasionally gets asked to pay with one, this is a wonderful solution to use as needed.
Sid Sriramoju
Maker
@sidsriramoju · Checkbook.io
@nivo0o0 Yep! Digital Checks are great because you always lose your Checkbook right when you need it the most. We have 3 Free Checks every month for individuals so it's free for the casual user. Signup and drop some feedback! you can send a few sample Checks without signing up here: test.checkbook.io
Ross Currie@rossdcurrie · Founder, CrowdLoot
@nivo0o0 Yeah, I haven't used cheques since the 90s. I was asked by an American business to pay by cheque recently and couldn't believe that they still used them. When I asked for their account number so I could do an eletronic funds transfer, they acted like I was trying to steal from them. The only people that still use cheques here are the same people that refuse to use ATMs because they don't like talking to machines
Alex H@metalhaze · UX Designer
@nivo0o0 @sidsriramoju Three free a month for the casual user is the best idea ever....That is about how much I will use this app...MAYBE once a month....So clutch, thanks for offering this service!!!
Gary Ma@thegaryma · Founder and CRO, Virtual Fantasy League
@nivo0o0 @rossdcurrie Do you believe at some point this will become obsolete entirely ... 10 more years?? Nevertheless, handy in the meanwhile.
Utkarsh Sengar@utsengar · Engineer, OpenTable Inc
@nivo0o0 @rossdcurrie @thegaryma Checkbook will get obsolete in 10yrs in the same way Twilio getting obsolete with SMS or many other services trying to find a product-market fit in legacy businesses. If Checkbook moves all these check senders/receivers to its digital platform - the concept of "check" will disappear and open up so many new possibilities.
Ross Currie@rossdcurrie · Founder, CrowdLoot
@nivo0o0 @thegaryma @utsengar Yeah, I mean it's already obsolete in the Australian banking system. We have BPay for paying bills with major providers (utilities, govt payments, etc.), direct deposit for sending money to anyone with an Australian banking account (very commonly used), and the ability to setup direct debit authority for things like gyms. Plus, all of our bank accounts are basically linked to a debit visa these days. I got my first two jobs in 2000 (Toys R Us & Dominos) and was paid into my bank account. These days when I send invoices I just put my BSB (Branch number) and account number on the invoice and when the payment is made it shows up in my account in under 24 hours. If someone gave me a cheque, I'd have to charge them more on subsequent invoices for the inconvenience... but like, nobody ever would.
pjgupta
Maker
@pjgupta · Founder
Hi PH 👋 PJ here from Checkbook, thanks @Naval for hunting us! Believe it or not, people are still using paper checks in 2017. We created an online interface so that you never have to do this. Simply fill out the name and amount, add the person’s email address, and they’ll get a check they can deposit instantly right through email (no more going to the bank to cash it). We’ll be here to answer questions throughout the day. Looking forward to hearing your feedback!
Nick Abouzeid 🕴@nickabouzeid · Social & Growth at Product Hunt
Wish I could have used this months ago while writing out 30+ checks a week for payroll. None of the services I could find actually worked, this is 💯
Ryan Williams@ryanstu89 · Food & Beverage Ops, Finance & Writing
@nickabouzeid bill.com not good?
Sid Sriramoju
Maker
@sidsriramoju · Checkbook.io
@nickabouzeid @ryanstu89 Bill.com does ACH only and for those vendors that don't have ACH info or don't provide it sends our paper Checks for $1.49/each. With Checkbook.io there is no need for paper Checks since Digital Checks cover both ACH as well non-ACH Payees. Additionally, the issue we have solved is recipient onboarding of new payment systems - to get paid through PayPal, you have to signup to PayPal. Same goes for Venmo and the same for Bill.com's ACH payment network. That's not true with Checkbook - the recipient does not need to signup at Checkbook to get paid. No signups & No app to download.
Ross Currie@rossdcurrie · Founder, CrowdLoot
@nickabouzeid Why not just setup an automatic direct deposit through your Internet banking?
Sid Sriramoju
Maker
@sidsriramoju · Checkbook.io
@nickabouzeid @rossdcurrie Depends on the use case. If you are trying to pay someone you need their bank info to setup ACH. You may not have that info - they may not be willing to share it. Or, you simply have too many people you need to pay which makes it inefficient/costly to acquire that information for each customer. If you have the capability to do ACH thru your bank free of charge - go for it. If you don't have the bank facility, or don't have the ACH info for the Payee, use us.
Ross Currie@rossdcurrie · Founder, CrowdLoot
@sidsriramoju That sounds like a horribly broken system (US Banking I mean, not Checkbook). Here, a bank-to-bank transaction is essentially free, covered under your monthly allotment of electronic transactions (typically unlimited for a $10/mo business bank account, or free if you maintain a balance). For employees, a BSB (branch) and account number are provided at time of employment. For other payees (ie, other businesses), the details are provided on the invoice. For reoccurring payments you just save the payee's details, and can even schedule the payments in on a regular basis. Electronic funds transfer typically takes < 24h to complete. It blows my mind that the US banking system is so far behind a country like Australia, but at the same time kudos for doing your part to modernise it, I guess!
Sid Sriramoju
Maker
@sidsriramoju · Checkbook.io
@rossdcurrie Excellent input! The United States wrote 19.4 Billion paper Checks in 2015 according to the Fed's 2016 Payment Study - that's a mind-blowing number. In 2017 - that number's not going to be all that different from where we see it. The debate as to why the US banking system is slow to switch into more digital payments for businesses has many reasons but, we're hoping Checkbook makes that transition a little bit easier regardless of whether you're an individual, a business owner, or an enterprise making millions of payments each year.
Loris Maz@lorismaz · Founder, SimpleVisa
Checkbook is awesome as a B2B payment system. I'm implementing their API with the help of Sid and allow my customers to pay me via ACH right from our system. The benefits over doing a bill pay from their bank is that customers can initiate a payment on their own from our platform, don't need to wait for me to send them an invoice. In comparison, using bill.com API to receive money requires you to pay a basic monthly fee + an API monthly fee + per ACH fee. Dwolla is also more expensive for receiving ACH payments through API integration.
Kevin Moore@kevrmoore · Capitalist
This looks like magic.