0
NO, a cheque becomes stale after six months, but this does not mean that the money can not be cashed, if its a signatory to the account that presents the cheque, all you need do is change the date on the cheque to a more recent one, and if its a third party, kindly refer back to the signatory of the account to change the date to a recent one.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
How do you cash a check when your bank is out of state?
Generally in order to cash a random check (i.e. not a payroll or government check) you must either cash it at a bank where you have an account or at the bank it's drawn on. With payroll and government checks you have more options, as lots of places are willing to cash those even for non-customers for a small fee.
How long can I wait before I have to cash the cashier's check?
Cashier's checks are "guaranteed funds." This means that they should be able to pay so long as the bank exists. However it may become more cumbersome 6 months after issuance of the check because anything dated 6 or more months ago is considered "stale dated." These items sometimes have to be treated differently than a regular item depending of bank policy.
A cheque in circulation for more than six months is called?
A check that is older than 90 days (or 180 days depending on the Country) is considered a stale or expired check. It is worthless and carries no value. You cannot cash such a check. Since the check is expired, the check issuing bank will not pay for it.
What is safer a cashiers check or a personal check?
A cashiers check is far safer than a personal check, whether you are the payee or the payor. If you are the payee (the one receiving the check) and receive a personal check that is insufficient, you have very little recourse in obtaining the money owed to you. If you are paid with a cashiers check, it is guaranteed funds, since the bank will only issue the check with available funds (meaning it has to be paid for with cash or purchased at the person's bank, where the bank can verify there are sufficient funds in their account to cover the amount of the check). If you are the payor (the one paying by check), the bank can trace the check for you if the person to whom you were paying loses it or says they never received it. Also, if the check does get lost, it will be far more difficult for someone to forge their signature to it and cash it. Also, a cashiers check does not have as much personal identification on it like a personal check does (address, checking account number, etc.).
Does a Demand Draft in India guarantee the recipient the money Is there a circumstance under which the buyer can give me a DD that I cannot convert into cash at the bank Or does DD equal Cash?
If the DD is from an authentic bank and is addressed to the payee then its as good as cash. To get a DD people have to pay cash ahead of time which guarantees the money. To cash a DD the recipient should have a bank account. To know more or order demand draft online you can check this link on Indolegal demand draft service. http://www.indolegal.com/corporate-services/demand-draft-india-1.html
How do you cash a check when your bank is out of state?
Generally in order to cash a random check (i.e. not a payroll or government check) you must either cash it at a bank where you have an account or at the bank it's drawn on. With payroll and government checks you have more options, as lots of places are willing to cash those even for non-customers for a small fee.
Is it illegal for me to cash a check that had insufficient funds when written to me 7 months ago from an ex employer the employer still owes me more?
It is not illegal to try to cash the check. It is foolish to wait so long to cash it. The bank is obviously not going to pay on a check when there are not the funds in that account to cover it. That applies to the day the check is written as well as 7 months down the road. The check may never have been any good. Your only recourse is to either continue to check with the bank in hopes that funds become available to cover it - then run like the wind to the bank and hammer that puppy, or to find another way to get payment from your ex employer. If he offers you another check, tell him you want it to be a cashiers check.
How long can I wait before I have to cash the cashier's check?
Cashier's checks are "guaranteed funds." This means that they should be able to pay so long as the bank exists. However it may become more cumbersome 6 months after issuance of the check because anything dated 6 or more months ago is considered "stale dated." These items sometimes have to be treated differently than a regular item depending of bank policy.
Can you cash a check without with just a ss number?
Not at Chase bank. We require identification to cash checks and in some cases more than one form.
Suppose your bank honors a check for which you don't have sufficient funds in your checking account This action means that you've arranged beforehand for aSuppose your bank honors a check for which yo?
Many bank accounts are combined with "overdraft protection"; if you write a check for more money than is available in your account, the bank will pay the check on the assumption that you will be depositing more money in a few days anyway. There's generally a fee for this service, which can be substantial; 20-40 dollars per overdraft. In some cases, if you have a credit card with this bank, the bank can pay the check and automatically do a "cash advance" on your credit card. With my bank, the cash advance is in increments of $100, so if I write a check for $5 more than I have in my account, it transfers $100 from my credit card to my checking account. I'm fortunate in that my bank doesn't charge a cash advance fee for each transaction.
A cheque in circulation for more than six months is called?
A check that is older than 90 days (or 180 days depending on the Country) is considered a stale or expired check. It is worthless and carries no value. You cannot cash such a check. Since the check is expired, the check issuing bank will not pay for it.
How long is a check valid in US?
It's up to the bank. Legally they have to honor the check within 6 months unless otherwise indicated on the front of the check. Etiquette dictates, for personal checks, that if it's more than a month or two old, you should contact the person who gave it to you and ask if it's okay to cash.
How do you cash a check someone wrote you?
There are two ways to do this. If you have a bank account of your own, and if your bank account has as much money or more, as the amount of the check, then you can take it to your bank and they will cash it for you. If you do not have such a bank account, your alternative is to take the check to the bank which issued the check (the address is printed on the check) and to also take legal identification with you (such as a driver's license or a passport) and they will cash it for you. I will also note that if neither of these alternatives is going to work for you, you might consider depositing the check in your account, or opening a bank account in which to deposit the check, rather than cashing it. It will clear, usually within a week, and you can then withdraw the money from your account. You do still need ID to open an account, however. Without ID, the world of banking is closed to you. Banks need to be able to confirm your identity.
Can I do a cash transfer through Bank of America?
Yes, Bank of America allows cash transfers. Visit www.bankofamerica.com for more information.
Can a husband sign his wife's name to her payroll check when he was instructed by wife to do so?
The bank may accept it. They are more likely to allow him to deposit the check in her account rather than cash it.
Check Cashing- Use the Many Services Available to get Your Cash?
Checks are statements that are issued from either a bank, financial institution, employer or a personal check to pay a specified amount to the bearer of said check. Someone who gets the check will need to deposit or cash the check in able to get their money from it. In order to cash a check at a bank, most companies require that the one cashing the check have an actual account there. Sometimes, if the check comes from that particular bank, and the person receiving the check doesn’t have an account, the bank may still cash the check with ID. However, there are other ways to cash checks without having a bank account. Since cashing a check is one of the biggest financial transactions around, many other companies have capitalized on the process. Retail stores, such as big grocery store chains, are one place that may cash checks. They typically charge a fee for the privilege of cashing a check with their company, although typically this fee is between $3 and $6. However the bigger the check to cash, the higher the fee may be. You will still need photo ID to cash a check, but you can use these places to quickly and easily cash any type of check. For example, not only can you cash a check from your employer, you can cash tax refunds, personal checks, government checks and more. Other places that provide check cashing services are places such as payday loan companies, who many times do more than just issue loans. These companies do the same as above- they cash checks for a small fee. However you do not need an account, you simply need ID, and the fee is usually minimal. Many people opt to use a check- cashing company instead of having a bank account, as they pay less in fees than they would the monthly fee at the bank. Although it is a personal preference, check cashing companies can make life simpler, especially for someone who does not wish to have a bank account, or who may not be able to open one because of bad credit. Check cashing companies can be helpful for many people, so if you are in need of one, don’t hesitate to use one today!
How long does it take for a cash deposit to be available in a bank account?
Usually no more than a few minutes if you are doing at a bank branch through a teller. If you are depositing cash in an ATM machine it may take one or two business days
