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However, banks can still choose to accept your check. Sometimes banks will still process an old check as long as the institution believes the funds are good. A Federal Reserve regulation says a bank does not have to deposit a check if it has reason to doubt that it will be able to collect the money from the paying bank. The UCC guidelines that allow banks to deny checks after six months do not apply to certified checks.
However, a certified check that sits for too long may be subject to state abandoned property laws. Checks issued by the U. Treasury such as federal tax refund checks are void one year after the issue date.
You must contact the IRS for a reissue if you find an old refund check sitting in the back of your desk drawer. The fee varies from bank to bank.
The fee might even be higher for international checks. A court decision in the case of Aliaga Medical Center, S. Harris Bank N. You could end up responsible for the deposit item return fee if the reason she wrote the notice was because the funds would no longer be available after those 90 days. Each state has incorporated the Uniform Commercial Code into its system of financial regulations and each implementation varies slightly. Most states respect a six-month limit on check validity, which is part of the model UCC and generally adopted without modification by each state.
The model UCC does not place a hard limit for when checks must not be honored. After the time allotted under state regulation, a bank may choose to dishonor an old check. However, the bank is not obligated to dishonor it. Some banks will allow a stale check to be negotiated if the bank determines that the payor would reasonably want the check honored.
Some companies specify a limit on the face of the check -- e. You also run the risk of the account number or routing numbers having been changed over the many months that have elapsed.
If it's a larger amount, give the check writer a call and ask if it would still be acceptable to cash it, says Sue Fox, the founder of Etiquette Survival, a professional development company in Pleasanton, Calif. If the bank then rejects the check, it's fine to call the check writer and ask for a new one to cash.
And in the future, remember it's always best practice to cash a check right away to avoid any problems. And one last note: Be sure to send a thank-you card to the person who wrote you the check as a follow-up. And this time, be quick about it. Save FB Tweet More. So you found a personal check from that you never cashed. Is it too late to deposit it? By Ingela Ratledge and Mia Taylor.
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