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Stale dating checks speed dating scorecard template

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.

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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.


  1. Every once in a while, your business will write a check and it will never get cashed. Learn how unclaimed property laws complicate stale checks.

  2. Under Australian law a post-dated cheque is valid under the Cheques and. post-dating a cheque carries no legal weight and so such a. Stale-dated check;.

  3. Check presented at the paying bank after a certain period typically six months of its payment date. A stale check is not an invalid check, but it may be deemed an 'irregular' bill of exchange.

  4. Poor Nana. All she wanted to do was give her grandson a little spending money for his birthday each year. But those birthday checks sat in a drawer for years, forgotten and stale. What’s a grandmother—and a grandson—to do when cashing old checks? Every year, untold millions of dollars’ worth.

  5. Stale Dating Checks What is Unclaimed Property? Unclaimed Property is anything negotiable that has monetary value. In the case of the University, most unclaimed property is uncashed checks issued by various departments.

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