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What can you do with an uncashed check from a closed bank that is an inheritance?
Wiki User
∙ 11y ago
In theory, the estate's account cannot be "closed" until all assets are distributed, even though it may take years to track down beneficiaries and deliver the checks. Because the value is still "in the estate", the check on the closed bank should be exchanged for a valid one on another estate account, perhaps opened for the specific purpose of the final disposition. The executor/administrator may be personally liable for the amount of the check if the estate can't seem to find it.
Wiki User
∙ 11y ago
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How long before an uncashed check is void 90 days 180 days unlimited?
An uncashed check usually says to cash within 30-90 days. After that time, a bank does not have to honor it. However, it can choose to do so.
Can you deposit a personal check into a bank account that is closed?
No, the account is closed.
How can you check to verify an account has been closed?
go to the bank and ask
What is the punishment in Michigan for writing check on closed bank account?
Writing a check on a closed bank account in Michigan is considered a felony offense. A person may be sentenced to up to 2 years in prison and/or $500 in fines.
Should the bank refund me if they made the mistake?
I went to my bank to get check to pay my rent for the month. The bank accidentally gave me a check from an account which was closed over 5 years ago instead of my active account. I didn't notice the account number on the check. So I used that check to pay the rent, but the check bounced because it was from a closed account. Now the apartment company billed me $140 because of the bounced check. Should the bank have to cover that $140 bill because they are the one's that made the mistake with the check?
Does the bank report it when a person writes a check on a closed checking account?
Yes. Writing a check on a checking account that is closed/inactive is a crime. Customers are not supposed to do that and if they do, the bank can report it and take legal action against the offending customer. The customer can be fined or jailed for doing so.
Your friend got a message from a supplier that her check says it's closed account however my friend's account is not closed and is wondering what happend to that check?
Your friend should phone, or visit, her bank branch. Only they can say why the supplier thinks that the account is closed.
How can you access bank account if closed?
You cannot access a closed bank account. Only the bank and the law enforcement authorities of a country have access to closed bank accounts.
What is the penalty for writing a check on a closed account in Florida?
You may be fined by the bank for writing a check on a non-existent account. Plus, the person to whom you gave the check can sue you for the money and for which you can be arrested and jailed. Writing a check on a closed account is illegal and you can be jailed for the same.
Is banking online easier than visiting your bank?
Online banking is easier than visiting your bank. You can pay bills, transfer money, or check your balance even if the bank is closed.
What does it mean when a cheque is returned for reason account closed?
It means the account that the check was drwan on has been closed. Whoever wrote the check went to the bank, closed the account without providing a list of outstanding checks, and took whatever cash was left in the account. Unfortunately it makes the check you're holding worthless... but if you are located in the US (not sure about other countries) it is considered bank fraud and is a federal offense. Contact an attorney.
What is the accounting treatment of deposit in closed bank?
it is not included since the bank is already closed
