Is it true that an ordinary bank cheque is only valid for a period of 6 months from the date at the top??? I always thought it was 5 years...
Any answers would be mucho appreciated
2007-03-26 03:41:00 · 4 answers · asked by wiccan140684 2 in Business & Finance ➔ Other - Business & Finance
I used to work as a bank teller and the rule was unless the check says other wise (like 60, 90, 180 days to cash), a check is stale date after 6 months.
If you go to the bank and get a teller that is not savvy, you can cash it. Some tellers aren't as meticulous as others and don't look at the date on the check even though they are supposed to.
2007-03-26 03:52:07 · answer #1 · answered by OustFantastic 2 · 1⤊ 0⤋
Unless the check itself specifies an expiration date (many state they are no valid after 60, 90 or 180 days). Checks that do not stipulate this, at least in the US, are valid for one year from the date the check was written.
2007-03-26 10:51:36 · answer #2 · answered by Chanteuse_ar 7 · 1⤊ 0⤋
Legally a check is valid for one year from the date, according to my college business law professor...but one time I forgot to cash one of my paychecks and my employer contacted me and said that they would have to reissue the check because it was invalid after 180 days...
2007-03-26 10:46:43 · answer #3 · answered by monkey 4 · 1⤊ 0⤋
just a guess, but, I would imagine, it varies, from banking intitutions & by state. Usually a chk., says so somewhere on it, {in small print}.
2007-03-26 10:45:48 · answer #4 · answered by Gertie 3 · 0⤊ 0⤋