Stale dating

The bank on which it is drawn has a right to pay it but also has the right to send it back unpaid. The decision is theirs. From a practical standpoint, most banks are not checking the date of items.

What is stale check? - m

For example, it may not make sense for a person to present a paycheck that is two weeks old or more. Cashiers checks and Official checks are different than regular checks.

Stale dating

And since cashiers checks have already been paid for in cash, they do not have an expiration date. References Business m: Stale Check FDIC : Consumer Protection Simple Studies, Accounting Made Simple: What Is a.

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Stale dating

What is a stale dated check? How does it go stale? Do all checks go stale? These are some of the questions for which the manager of a check cashing operation should have an answer.

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