Target to stop accepting checks

(CNN)– One of the biggest retailers in the country has announced it will no longer accept checks from customers.

Target says its new policy will go into effect on July 15. The company says very few customers pay by check these days.

Target says it will accept other forms of payment such as credit and debit cards, digital wallets, and of course cash.

The retailer’s decision is not too surprising.

The Federal Reserve has noticed a steady decrease in the amount of personal checks written over the past few years.