Comment Checks can be the best way to send big sums (Score 1) 144
E.g. I want to send someone $200K. Wiring it requires that they give me a multilevel account number if they're at a broker who is not a bank. My bank may have a $100K limit for a wire. Small banks may be suspicious and refuse to receive the wire until they are satisfied with the reason. (Yes this can happen.)
OTOH I can just write a check for any amount to any name and give it to them. They can easily deposit it online. Potentially less work on both ends.
The big downside is that the funds may be blocked for 2 weeks. Of course security is a joke but that's another story.