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Thursday December 4 2025

WHY IT’S TIME TO DITCH CHEQUES: RISKS AND SECURE SOLUTIONS FOR YOUR PAYMENTS

Cheques expose your bank details and increase the risk of fraud. Discover secure alternatives for your condominium payments.

CHEQUES: AN UNDERESTIMATED RISK TO YOUR FINANCES

Did you know that the numbers printed at the bottom of your cheque reveal your full bank details?

5 digits: your branch
3 digits: your bank
7 digits: your account number

Sending a cheque in the mail means putting this information into circulation. Between postal strikes, the risk of loss, and fraud through interception, the danger is very real. Fraudsters can duplicate your cheques and cash them later without your knowledge.

WHY ARE CHEQUES OBSOLETE IN 2025?

Uncertainty regarding delivery (delays, address errors).
Risk of someone opening your envelope and accessing your banking information.
Fraud through cheque duplication before recirculation.

In 2025, it’s time to protect your banking information and adopt modern, secure methods.

SOLUTIONS OFFERED BY SOLUTIONCONDO WITH UPPERBEE:

We offer two simple and secure options:

Authorized direct debit: only your condo fees and special assessments are debited, according to the budget presented at the assembly.
Bank payment via your financial institution*: as for your school taxes, municipal taxes, income taxes, or driver’s permit fees.

*Bank payment is one of the most secure methods:

No one has access to your bank details.
No one has access to the syndicate’s bank details.
Each payment is linked to your unique reference number (available at the top of your account statement) and is automatically displayed on your account statement.
Everything goes directly through the bank, so you are protected.