how long can you hold on to a cheque before any bank refuses to accept it?

Answer 1

6mnths. x

Answer 2

In theory a cheque would stay valid until you presented it for payment. When a cheque is issued the person writing it is obliged to have the funds in their bank account to cover it and, therefore, if you do not cash the cheque the funds should still be there to cover it. In practice banks normally honour cheques up to 6 months old after which they may be rejected and stamped 'Refer to Drawer'. Moral? Pay in a cheque as soon as possible!

Answer 3

The only time a bank will refuse to accept a check if there is a stop payment on it, whether it is a personal check, or business check. Only the account holder can refuse payment on the check otherwise if they feel that they have given sufficient time for it to be processed. A lot of your checks do say "Void outside of 90 days", however they are still valid. With that in mind....Most of your bank issued or business issued checks to get sent to the state for "esheatment". After five years the funds for the check are sent to the state. If a person comes in at that time seeking payment for the check they are directed to the state of the bank that the check is drawn on. If you have a question as to whether a cashier's check or money order is valid, take the check to the local bank and have them call and see if it is still valid.

Answer 4

Depends on the type of check. The expiration date is not the say all end to when a check still has value. Bank's have been known to accept them after. If it is a payroll check, typically it is good for one year, but even after a year the check issuer does not just get to keep that money. The check goes to unclaimed property, controlled by the state. In that situation, it can take up to 5 yrs before a check can be claimed. My advice to all: look at your state's listing of unclaimed checks, your name might be on there!

Answer 5

6 months from the date of the cheque

Answer 6

It depends on the checks. In the US, most personal checks the banks will honor from 60-90 days. Checks from stocks can be held for 1 year. I had misplaced a check I received from stock dividends, and I found it 6 months later and my back stil cashed it. Good luck

Answer 7

It is 90 days (3 months, some are 6 but they will all be 3 very soon)

Answer 8

6 months is the correct answer. If it is over six months you need to get the cheque issuer to cancel it and issue a new one.

Answer 9

6 months

Answer 10

I'm not sure...But why would you want to hold on? I guess that you don't have a cheque account. There are people who will cash it for you.

Answer 11

You must cash it 180 days from it's dated day, otherwise, it will be null and void. Most banks won't accept checks that are older than 180 days in USA.