Found an old check I never cashed for $500, dated March of 2005
- Thread starter holden j caufield
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MagnusTheBrewer
IN MEMORIAM
- Jun 19, 2004
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BoomerD
No Lifer
- Feb 26, 2006
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I have a pile of checks issued by a work-comp carrier several years back. They ended up in a box of correspondence at my attorney's office which wasn't returned to me until AFTER the case was settled and the checks were out of date by 2 years. They refused to honor them, and there wasn't a dammed thing I could do about it since the case was settled. (nothing huge, mileage checks for doctor's visits, that kind of thing. MAYBE a couple hundred $$$ in total.)
Just cash it anyway. What's the worst that could happen? It bounces, you get hit with a $35 fee, feds show up at your door, etc.
sportage
Lifer
- Feb 1, 2008
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Call the bank to see if funds are there (if they will tell you). If they wont, verify the account is still active. If it is, then just deposit the check.
I worked at a bank for years. Believe me, they will never notice the date, especially if you deposit it and "NOT" at a live teller.
Main thing is to verify that the account its drawn on is still valid or active.
And if they will also verify the funds are there to clear, then probably a 99.999%
chance you'll have no problem with a deposit.
Banks handle such a large volume that they would never notice an out dated check, unless there was a stop payment put on it or you go to a live teller.
Even a stop payment expires after 6 months or so, you could still deposit it.
I worked at a bank for years. Believe me, they will never notice the date, especially if you deposit it and "NOT" at a live teller.
Main thing is to verify that the account its drawn on is still valid or active.
And if they will also verify the funds are there to clear, then probably a 99.999%
chance you'll have no problem with a deposit.
Banks handle such a large volume that they would never notice an out dated check, unless there was a stop payment put on it or you go to a live teller.
Even a stop payment expires after 6 months or so, you could still deposit it.
It's dead. Someone just gave me a check a month back and told me to help to "fix" it cause it went stale. You could try getting it re-issued, but 5 years sounds like too long.
Technically it is a returned deposit item fee. Back in the day (like a decade ago), the charge was $3-5 depending on the bank. I just did a search to see what it is now, and the first three credit unions that came up charge between $20 and $34. Wow.
Well the whole sad story is that a relative of mine was a millionaire at one point and but she didn't have all her faculties. Wanted to help everyone she came across, donated a much to the church. She did have someone manage her money and they only gave her a set amouunt each month (though still a lot I presume).
One day she asks to borrow $500. For a person to once have a million and then have to borrow $500 I figured she must have been in a bad situation. So a month later when she wrote me the check I thought it was the right thing to do not to cash it at the time. Considering when I was 18 and bought my first car myself she loaned me the money and said pay it back whenever you get around to it. Never cashed it and forgot about it till I cleaned out my desk. Kind of glad I forgot it.
It wouldn't be a NSF fee, it would be a returned check fee.
It depends ENTIRELY on the bank's policy that the check is through as it's up to the bank whether to honor it or not. Sometimes the bank may even elect to consider the check dead to the account owner but still honor the check out of their own pocket.
But there is no reason why you could get in trouble for attempting to cash it. It's not like it's a fraudulent check.
Is the risk of it coming back and you being charged $30-40 for it worth it?
if this is from a company, then you can check your state's unclaimed funds and you can get it back
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