See our website at or contact one of our branch service representatives for specific Statement Cycle dates. Stale-datedmeans a check presented at the paying bank six months or more after the issue date of the check. A stale-dated check is not an invalid check, but the paying bank may deem the check an irregular bill of exchange and return it unpaid. “Support document” means any customer record maintained by the agency in an electronic, hardcopy, or microfilm file storage format. A returned check is one that has been declined to be honored by a bank. This often happens if there are insufficient funds in the account. Allowing too much time to elapse can increase the chances of a returned check.

Financial institutions may still honour these items, but there is no obligation to do so. Government of Canada cheques, money orders and bank drafts do not ‘stale-date’. When a check has not been cashed after 30 to 45 days, contact the payee to determine why. If the check is still outstanding after 90 days, it may be necessary to stop payment on the check. After confirmation that the check has not been cashed, the HR Processing/Payroll Office will process a replacement check. Coordination with bank “processing deadlines” can delay processing of replacement checks for up to 5 days. Statement Cycle means the period of time for which our credit union provides a summary of the financial activities and transactions that post and settle to the accountholder’s account.

How long is a check good for: Do checks expire?

Payroll checks are treated differently than regular personal or business checks. The length of time for a cashier’s check to go stale can also vary stale dated checks — from 60 days to never — depending on multiple factors. In some cases, the issuing bank may specify an expiration date on the check itself.

If you have a bank account at the same bank, it will help, and many banks charge non-customers for check cashing. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products. Many banks place limits on how long they’ll accept checks for after being signed, though that amount of time varies depending on several factors.

Can Stale Checks Be Reissued?

Chances are high that your financial institution allows personal and business cheque deposits via a mobile app. With this modern convenience, there really is no excuse for holding onto a stale cheque. Buster29 September 22, 2014 My landlady could be bad about holding onto a rent payment until it became a stale check. It would really mess up our bookkeeping, since we always had to assume that money was still out there somewhere. We finally started giving her money https://www.bookstime.com/ orders instead of checks, so we could deduct that money from our bank balance immediately and not have to worry about stale checks at all. The stale cheque is one that was drawn long ago and not presented for payment within a reasonable time, i.e. three months from the date mentioned in the cheque. The post-dated cheque is the cheque on which a date is written by the drawer which is later than a present date, and can be honoured only when the date arrives.

If you’re trying to figure out if a cashier’s check or a money order would better suit your needs, read our article Cashier’s Check vs Money Order. It’s important to read the fine print as provided by the issuer. After 1-3 years, Western Union will charge a fee against the value of the money order.

The Check Book – UCC 3 & 4 Training

If you have a problem with a stale or expired check, it’s best to consult with a financial lawyer who can advise you on the best course of action. There may be legal remedies available to you as well as other steps an attorney can help you with to resolve the issue. Another solution is to contact the person or business that wrote you the check and ask them if they would issue another check to replace the stale one. If you wish to cash a stale check at the issuing bank, then you will need to get approval from that bank before presenting the stale check. If the company does not cash the check, you’re going to have to go through the escheatment process, and you’ll end up losing the cash either way. Bookkeeper or accountant sees that you have a check that’s approaching expiration, you should be diligent in contacting the other business and encouraging them to cash the check. Letters should alert the owner of your obligation to turn over the property to the state.

A “stale” check — one that hasn’t been cashed within six months of the original issue date — can cause you problems and cost you in bank fees. It’s important to know that when you get a check it may not be valid forever. Checks can become “stale dated” and may be harder, or even impossible, to cash. If you’ve been given a check, it’s best to cash or deposit it as soon as feasible.

What is a stale-dated check and what should I do with one?

While no motions are needed to void a check, motions are needed to reissue, especially if the check was issued in a previous term. Some programs, such as MyPTEZ, record the “Void” with the current date.

If a government check is lost or stolen, you will have to contact the issuing government agency. For example, IRS.gov indicates that a taxpayer should contact the IRS directly to initiate a trace before the replacement check can be reissued. The “expiration date” on personal checks is commonly accepted as ​six months​ after the date of issue, which is approximately ​180 days​ old. If you don’t have any luck contacting the check issuer, consider working with your bank. Some banks may deposit checks if they have reason to believe that the issuer is legitimate, and the company has enough funds in its account to cover the check.

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