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Intelligent Processing Solutions Ltd iPSLL), which processes 5m cheques a day, said it plans to slash its operations to two sites in Northampton and Milton Keynes.
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Estimates suggest they have been making £4.7bn a year from fees of as much as £39 for a bounced cheque and £28 a day for an unauthorised overdraft, even though the administration costs are just a couple of pounds.
In a particularly egregious anecdote, "One black employee claimed that when he had come in to pick up a cheque one day wearing a hooded jacket he was identified as a special order and prevented from entering a back office".
There may well be a day when cheques are no longer used, but at the moment thousands of people still rely on them, and are not ready or able to use the alternatives".
After he paid Sherrena his $550 rent out of his welfare cheque, Lamar had only $2.19 a day for the month.
There is only endless water where dozens of men wait for a day's pay cheque.
Some Brexiters might want to stop the cheques the day after the UK's EU membership lapses, but that might not be so easy.
"I pay a cheque every Wednesday for the previous week's supplies," says Ajit Joshi, managing director of Infiniti, explaining the relationship.
I went into the bank on a Saturday to cash some cheques.
You're not alone - banks rake in an estimated £4.7bn a year from fees such as £39 for a bounced cheque and £28 each day an account is over its authorised limit.
Banks make about £4.7bn a year from fees, which can include £39 for a bounced cheque and £28 each day an account is over its authorised limit.
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CEO of Professional Science Editing for Scientists @ prosciediting.com