The best practice to minimize risk of loss is to not accept checks for encashment that were issued long ago.For example, it may not make sense for a person to present a paycheck that is two weeks old or more.In the United States, national banks are permitted to pay checks even though payment occurs prior to the date of the check.
They are an official obligation of a bank and do not go stale. They do not go stale but instead are “voided” at twelve months and will not be paid.
A consumer who comes across one of these uncashed checks faces a conundrum.
While it may be possible to cash a check that’s more than six months to a year old, there are several things consumers need to consider before heading to the bank with Nana’s old checks.
In the United States and the UK, post-dated cheques are negotiable instruments and can be drawn upon at any time, while in India and Australia post-dated cheques are not payable until the date written on the cheque. (1) Where a cheque, or any indorsement of a cheque, is dated, the date shall, unless the contrary is proved, be presumed to be the day on which the cheque was drawn or the indorsement made, as the case may be.
(2) A cheque is not invalid by reason only that- (a) it is not dated; (b) it is antedated or post-dated; or (c) the date it bears is a Sunday.