Target to Stop Accepting Checks

(CNN) — One of the nation’s largest retailers has announced it will no longer accept checks from customers.

Target announced that its new policy will go into effect 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 isn’t too surprising.

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