I was cleaning out my closets yesterday and had found checks hiding in one of my purses which was dated may of 2006, is possible that i can still deposit them to my bank?
2007-02-13 10:08:49 · 5 answers · asked by Jane 2 in Politics & Government ➔ Law & Ethics
Just deposit them and wait a few weeks and see if the money stay or leave in a few weeks.
2007-02-13 10:23:31 · answer #1 · answered by egg_sammash 5 · 1⤊ 0⤋
That may depend on whether a) a stop-payment was issued for it or b) the check is older than 6 months. Under the Uniform Commercial Code, a check whose date is more than six months before the date it is presented to the payor bank may treat it as a stale check and refuse to honor it. You can certainly try depositing it in your bank, but you risk incurring charges as the banks sent it back. Better to present it to the bank it is drawn on. The bank will either pay it or not, but you won't have any fees or charges if it is refused.
If you know the check was replaced and you got the money, you could be tried for larceny.
2007-02-13 10:20:31 · answer #2 · answered by thylawyer 7 · 0⤊ 0⤋
They are probably Stale so to speak but maybe not. You need to bring them along to your bank and a teller will advise you. If you just deposit them electronically you may incur expenses if the checks are stale or bounce
2007-02-13 10:15:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes -- funds should be available to cover them . The best way is to simply deposit them in a checking account. Your company's payroll person(s) won't be happy but it is your money.
2007-02-13 10:18:34 · answer #4 · answered by pilot 5 · 0⤊ 1⤋
Normally 6 months is the life of a cheque.
Other than that write to the account holder and request a new one...
2007-02-13 10:16:40 · answer #5 · answered by rumpfelt_propaganda 2 · 0⤊ 0⤋