Stale-Dated Check
A stale-dated check is a check presented long after it was issued, typically six months or more. Banks may refuse to honor it due to increased risk.
Policies vary by bank, and some stale-dated checks may still be paid at the bank's discretion. The payer can also issue a replacement check.
Related Terms
Check
A check (or cheque in British English) is a written order instructing a bank to pay a specific amoun...
Check Clearing
Check clearing is the process of moving funds from the payer's bank to the payee's bank for a check ...
Stop Payment
A stop payment is an instruction to a bank to prevent a specific check or payment from being process...
Check Number
A check number is a unique sequential number printed on each check to help account holders track and...
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