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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
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Difference between unpresented check and stale check?
An unpresented cheque is one that hasnt been presented for payment yet. A stale cheque is one that has expired.
Do you have to reissue a stale check?
NO
What is stale checks?
A stale check is an "old" check usually older than a specified period of time such as 6 months. Some banks will not honor stale 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
When a check considered to be stale?
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. Since it has no value it is considered to be stale.
Difference between unpresented check and stale check?
An unpresented cheque is one that hasnt been presented for payment yet. A stale cheque is one that has expired.
What are the types of checks in the Philippines?
Types of checks in the Philippines are: Personal Check Certified Check Traveler's Check Crossed Check Anti Dated Check Postdated Check Cancelled Check Rubber or Bouncy Check Stale Check Defective Check Cashier's Check Money Order
Is it okay depositing the funds the following day if a postdated check falls on a holiday or weekend?
Fine. You can deposit the cheque anytime after the date of issue until the next 6 months to cash it. After 6 months it becomes stale dated/expired and no cash would be given on it.
What is stale?
A stale check is an "old" check usually older than a specified period of time such as 6 months. Some banks will not honor stale checks.
Do you have to reissue a stale check?
NO
What is stale checks?
A stale check is an "old" check usually older than a specified period of time such as 6 months. Some banks will not honor stale 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
When a check considered to be stale?
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. Since it has no value it is considered to be stale.
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.
For how long of a time is a bank check good for?
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. Since it has no value it is considered to be stale. No bank will actually cash a stale check.
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.
Which word describes when a check values can't be covered?
Rubber, or bounced.
