Another question...

Discussion in 'Bad Dog Cafe' started by chet again, Jan 29, 2020.

  1. chet again

    chet again Tele-Afflicted

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    I just found a letter from my old company from 2016. It was a check for a little over 20.00 $. Is it still cashable? LOL!
     
    Fretting out likes this.
  2. HoodieMcFoodie

    HoodieMcFoodie Doctor of Teleocity Ad Free Member

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    Yes.
     
  3. Fretting out

    Fretting out Friend of Leo's

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    I’d say give it a try
    It helps if you go to a bank where they know you and if the company is still active

    I’ve cashed pay checks that were 6 months or so , I’m not sure about years though
    Might not want to go specifically to cash the check but if you’re around a bank you use a lot give it a try

    Oh and let us know, I’m curious
     
  4. Fretting out

    Fretting out Friend of Leo's

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    If you never cashed it and the company is still in business and on good terms with you, you could ask them to cut you another with the recent date

    I’d try cashing it first though
     
  5. Fretting out

    Fretting out Friend of Leo's

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    Have you done this ? In the U.S?
    How old was the check, years?

    I’m pretty sure they have cutoff periods

    (Not trying to grill you just curious if you’ve cashed a crazy old check)
     
  6. Fretting out

    Fretting out Friend of Leo's

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    Okay I asked the big ol search engine and it says 6months is acceptable and others may be good for years but I’m too lazy to read through and see which category Chet’s check falls under
     
  7. HoodieMcFoodie

    HoodieMcFoodie Doctor of Teleocity Ad Free Member

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    I'll answer your questions in the order you asked.
    1. No
    2. No I've never been to the U.S.
    3. See answer 1
    I wouldn't have thought a 3 year old cheque to be that old.
     
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  8. HoodieMcFoodie

    HoodieMcFoodie Doctor of Teleocity Ad Free Member

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    Is the cheque made out to you specifically, or is it a cash cheque?
     
  9. Fretting out

    Fretting out Friend of Leo's

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    It depends on the company or industry that issued the check, I work in the construction industry and companies are more volatile and can be there one day and literally gone the next along with the money in their bank that’s tied to the check
    So I guess to me it’s a crazy old check but it all depends the perspective you look at it
     
  10. MrCairo46

    MrCairo46 Friend of Leo's

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    Some business checks void after 90 days. There are federal and state by state laws that apply. Call the issuer
     
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  11. chet again

    chet again Tele-Afflicted

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    Probably won't worry about that check. The Social Security people sent me 3 or 4 letters each saying that I had retirement savings accounts from companies I worked for. I'm wondering if I can cash them out since I'm over 62 years old. I was thinking I should do that since the market is so high now.

    I'm going to ask them about it soon.
     
  12. HoodieMcFoodie

    HoodieMcFoodie Doctor of Teleocity Ad Free Member

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    Don't forget to report back how you go...
     
  13. Guitarzan

    Guitarzan Poster Extraordinaire

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    The law (UCC articles 3 and 4) is written in favor of the banks on the issue, so the answer necessarily is "it depends". This is a good instance that demonstrates why lawyers have a hard time providing a simple answer in the affirmative or negative.

    There is a general 180 day limit after which checks become "stale dated" and the banks will no longer negotiate the check. The banks generally have policies and training in place to enforce it. But if the tellers let it slide through the system and the check is paid, the drafter has no legal recourse against the bank unless it specifically provided written notice to the bank not to negotiate the check. The drafter has no legal recourse against the draftee/payee unless he has been overpaid (e.g., paid with a replacement check) or there was fraud or theft.

    So, you see, "it depends". ;):D

    https://www.law.cornell.edu/ucc/4/4-404
     
  14. chet again

    chet again Tele-Afflicted

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    I think I cashed an old check years ago and the issuer refused to pay it. I think I got penalized for a bad check.

    Twenty bucks ain't really worth my time to check out.
     
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