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Answered 2013-02-01 20:48:21

Banks are not required to honor checks that are more were issued 6 months prior to the current date but they are free to honor the check if payment is made in good faith.

Under UCC 4-404 banks are not obligated to honor checks more than 6 months old . . . it is a discretionary choice. The bank is given the right to charge your account for the check if payment is made in good faith.

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Can a post dated check be cashed?

A post dated check can be cashed, but only when enough time has elapsed that the current date is equal to or later than the date of the check. Banks require a current date on checks.


What is a stale dated checked?

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. Such a check is called a stale dated check


Can you cash a year old check?

Most checks become stale dated -- which means they cannot be cashed -- after 6 months, though some checks last for a year (business checks). Some checks may have an even shorter life (the check would say "Void after ________"). If your check is stale dated, it is likely your bank will refuse it or, if they accept it, that the drawee bank will return it against your account. You should request a new, currently dated check from the original maker.


What are the time limits on a cancelled check?

if you have put a stop payment on a cheque, the bank will put it on for a year, if you have written a cheque and the person has not yet cashed it, the limit is 6 months befor e it becomes stale dated.


Who is liable if a check bounces through a check cashing place?

The maker of the check is always responsible for issuing a bad check regardless of how it was negotiated, provided it was negotiable when it was cashed. A check is negotiable when it is properly endorsed, within an appropriate date range (not stale- or post-dated), signed by the maker, etc.


Difference between post-dated check and stale check?

A Post Dated Cheque is one that has a date in future. A Stale Cheque is one in which the date is in the Past. Usually cheques have a validity of around 90 to 120 days. So, lets say someone gave you a cheque in March 2011 and you have still not cashed it, it is a stale dated cheque. Similarly if I give you a cheque with date as 10-May-2012 today (on 14 Jan 2012) it would be a Post dated cheque. In this case, the cheque is valid only on or after 10th May 2012. Until then, it is just a piece of paper and is worthless


Can you cash stale dated checks?

! Banks have no responsibility to review the date on a check to determine if it should be deposited, paid, refused or rejected (this is in Rules and Regulations provided when an account is opened); On a stale dated check, ifcustomer doesn't want check paid, they should place stop payment on it. This also applies to post dated checks. According the the UCC, a bank can refuse a stale dated or posted check. It is at the discretion of the financial institution.


What is the journal entery for a post dated check?

If you are the person that is issuing the check then no entry is recorded until the actual date that the check is cashed. If you are the person receiving the check there shouldn't be an entry until the date the actual check is cashed.


What is Promissory Check Open Check Cross Check and Stale dated Check?

promissory note a written promise by a person or the maker.


Can a check be cashed if dated 210 days ago?

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. So, you cannot cash a check that is 210 days old.


Will issuing bank replace a stale date check?

No. Only the person who issued the check to you can replace the stale dated check. Banks do not have any authority to reissue state dated checks to people to whom checks were issued by their account customers. You need to contact the person who gave you the check and ask for a replacement check.


What to do with a stale dated check?

You should return it to the maker and request a new check or payment in some other form. Even though the check is "stale" as far as a bank may be concerned, it is still an obligation of the maker to the payee.


What is the consequence if the bank encash a check which is stale?

No bank will actually cash a stale dated check. Checks usually have a validity of 90 or 180 days (depending on the country) and after that date, the check is stale and worthless. No bank will accept such checks for cashing or cash it. So, there is no chance of any consequences.


Will banks refuse payment of stale check presented through clearing?

Yes. They will refuse payment. No bank will actually cash a stale dated check. Checks usually have a validity of 90 or 180 days (depending on the country) and after that date, the check is stale and worthless. No bank will accept such checks for cashing or cash it.


Are you required to reissue a stale dated check?

Yes. The liability still exists and should the payee request it, the check should be re-issued.


Are dividend checks considered stale checks if not cashed within six months?

A check that is older than 180 days 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. Irrespective of who issued the check or for what it was given for, a check older than 180 days is expired and is of no use.


How do you replace a lost cashier's check?

In most states, a cashier's check is "good" until cashed. Therefore, you may not place a stop payment on one and have it reissued. In order for one to be replaced, the issuer will typically require that an indemnity bond be purchased in a amount to cover the dollar value of the cashier's check and the bond would have to be open ended since there is no such thing as a stale dated cashier's check.


How do you read the back of a cashed bank check?

When a check is cashed at the bank, there is information the bank prints on the back of the check. The information includes the date and the bank and routing number of where the check was cashed.


Is a check void if not cashed in 90 days?

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 statute of limitations on stale dated checks?

Actually nothing. It is the responsibility of the person who received the cheque to deposit and encash it before the cheque becomes stale dated.


Can an old check be cashed?

Maybe. It depends on multiple factors. Are you taking it to the bank that is it drawn off or are you cashing it off your own account at a different bank? If you are using your own bank they will use their own policy and discretion when handling the item based on your standing with them. Remember, a check isn't considered "stale dated" until 6 or more months after issuance.


Before he went shopping Andy had 28 After he cashed a check he had more than 75 What is the amount of the check Andy cashed?

Andy cashed a check for more than $47. A+ answers


Do money orders become stale dated?

yes, I got the money orders from Money gram in New York USA in Oct.2008 and the same are not cashed and still lyng with me. I lost the receipt of issue. Kindly advise how I can get the payment.


How can i find out who cashed a check?

You can have the bank trace a check to see who cashed the check. You can also call the company and get more information about the transaction.


Lost cashiers check?

If a person loses a cashier's check, they can inquire about the cashier's check at the bank where it was drawn. The bank will research to find out if the check was cashed, and who cashed it. In some cases, a refund will be issued for the check if it was never cashed, but this will take a number of weeks.


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