The exception is Payroll checks which must be reported when they are one year old. Checks issued to California addresses may not be reported to the State of Washington but must be reported directly to the State of California. Checks reported with addresses to other States are passed on to those states by the State of Washington. After that time, they become “stale-dated” (no longer negotiable) and move from the payroll bank account to the State of California-mandated escheat account. If you need a stale-dated check reissued, contact your department’s payroll coordinator. Paychecks may be cashed or deposited up to 60 days from the pay date as shown on the check.

The state will then hold those funds while they attempt to find the payee. Many banks place limits on how long they’ll accept checks for after being signed, though that amount of time varies depending on several factors. At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict
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At this point, the only way to process the payment is if the drawer — otherwise known as the check writer or issuer — changes the date on a replacement check or issues a new check. A stale check is an undeposited or uncashed check that may be too old to be processed by a bank, credit union, or other financial institution. A stale check is also referred to as a stale-dated check or an expired check.

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Banks will not do so because of the accounting ramifications it can have. A lawyer can help you understand your rights and what actions you https://www.bookstime.com/ can take to protect yourself. If you have any questions or concerns, it’s always best to speak with a lawyer before taking any action.

The re-issuance of a stale-dated check will have no effect on the individual employee’s record or your account, even if it is for a prior fiscal or calendar year. The 6-month rule is a general rule, but that doesn’t apply to all types of checks and money orders. Santander Bank, for example, charges $15 a check, while at Wells Fargo and Bank of America, the fee is $12.

What is a cashier’s check and when should I…

Please note that checks over two years old cannot be replaced immediately. If a check remains uncashed after two years, it becomes unclaimed property which is then turned over to New York State. Please email if you have an uncashed check that is older than two years. After confirmation that the check has not been cashed, the HR Processing/Payroll Office will process a replacement check. Coordination with bank “processing deadlines” can delay processing of replacement checks for up to 5 days.

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What is a stale-dated check and what should I do with one?

When you receive a check from a governmental agency, read the check and look for anything that tells you when it expires. The best bet is to deposit or cash the check before the expiration date. Money orders don’t expire, but cashing in a money order late might cost you. The company that issued the money order could charge a nonrefundable fee that’s taken from the check amount if you don’t cash the money order within one to three years.

So let’s say that as a business owner, you wrote a check to a vendor. Your checks provide instructions to the bank not to cash the check after 180 days. Eight months later, you realize that the vendor has still not cashed the check. Verify the bank’s policies and procedures to see if they provide a remedy or a reimbursement for lost funds or fees you may have incurred because your bank accepted a stale check. If you’ve been given a personal or business check, it’s important to understand the check validity period.