What Is Stale Cheque?
In Banking, a Post-Dated Cheque Is a Cheque Written by the Drawer for a Date in the Future. Whether a Post-Dated Cheque May Be Cashed or Deposited Before the...
In banking, a post-dated cheque is a cheque written by the drawer for a date in the future. Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country.
What does stale Cheque mean?
Stale cheques are outdated cheques issued to the bank after the date of payment has expired. ... After three months from the issuance date, cheques become stale. Post-dated cheques may be dated in the future, it may be months or years from the date of issue.
How long does a check become stale?
Personal, business, and payroll checks are good for 6 months (180 days). Some businesses have “void after 90 days” pre-printed on their checks. Most banks will honor those checks for up to 180 days and the pre-printed language is meant to encourage people to deposit or cash a check sooner than later.