Found an old check I never cashed for $500, dated March of 2005

[Special K]

Originally posted by: Pantoot

Originally posted by: BoomerD

Originally posted by: CPA

Originally posted by: Passions
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.

Why would the OP get hit with an NSf fee if it bounces? The payor gets hit with that.

Every bank account I've ever had charged ME for a NSF check that was deposited to my account, then THEIR bank charges THEM a NSF fee for the check as well.

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.

Yeah, this happened to me once. I deposited a bad check, and I was hit with a $25 fee. Presumably the guy who wrote me the bad check was hit with a NSF fee. I don't know, as I never saw him again.

From now on, I only accept cash from people I don't know well.

 

[ObiDon]

Originally posted by: Special K
Yeah, this happened to me once. I deposited a bad check, and I was hit with a $25 fee. Presumably the guy who wrote me the bad check was hit with a NSF fee. I don't know, as I never saw him again.

From now on, I only accept cash from people I don't know well.

if i suspect that a check may bounce, i go to the bank it's drawn on and try to cash it there. that way, i know on the spot if it's bad or not.

 

[CPA]

Originally posted by: Injury

Originally posted by: CPA

Originally posted by: Passions
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.

Why would the OP get hit with an NSf fee if it bounces? The payor gets hit with that.

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?

shrug, both of my banks don't do it. We have a Chase Business Checking account and they don't do it.

 

[AlienCraft]

Originally posted by: holden j caufield

Originally posted by: Row1and

Originally posted by: MagnusTheBrewer
My question is, who the hell forgets to cash a $500 check?

I know right... that's a lot of moolah to let go to waste.

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.

Just frame it and keep it as a trophy. At least she paid you back.
My good for nothing brother just tries to weasel more.

 

[moshquerade]

Originally posted by: holden j caufield

Originally posted by: Row1and

Originally posted by: MagnusTheBrewer
My question is, who the hell forgets to cash a $500 check?

I know right... that's a lot of moolah to let go to waste.

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.

is she still alive?

 

[pontifex]

Originally posted by: Baloo
Must be nice to be able to let $500 go to waste.

yeah, right? i'd have that thing cashed same day or at least next day if the banks were closed.

 

[conehead433]

Kind of like finding a pound of pot you had forgotten about.

 

[Old Hippie]

Originally posted by: conehead433
Kind of like finding a pound of pot you had forgotten about.

Less than 2ozs from where I'm sittin'.

 

[alkemyst]

Originally posted by: BoomerD
Usually, after 6 months to a year, a check is considered "stale" and most banks will refuse them. Your best option would be to contact the issuer and ask them to re-issue the check.

In reality there is no limit on how long a check is good for, even if printed on it.

Even a stop payment doesn't protect the issuer. It's designed to only stop payment for a short period to give the issuer a chance to collect the check back. This is a loop hole that have many unscrupulous people just holding on to the bad checks for a few months and then cashing them in another branch.

Now most banks will either flat out refuse them or call the issuer to verify if it should be passed.

 

[TipsyMcStagger]

I had a check like this before, I called the company and asked them to re-issue it. They didn't have a problem with it.

 

[AlienCraft]

Originally posted by: alkemyst

Originally posted by: BoomerD
Usually, after 6 months to a year, a check is considered "stale" and most banks will refuse them. Your best option would be to contact the issuer and ask them to re-issue the check.

In reality there is no limit on how long a check is good for, even if printed on it.

Even a stop payment doesn't protect the issuer. It's designed to only stop payment for a short period to give the issuer a chance to collect the check back. This is a loop hole that have many unscrupulous people just holding on to the bad checks for a few months and then cashing them in another branch.

Now most banks will either flat out refuse them or call the issuer to verify if it should be passed.

:thumbsup: Any hesitation , etc is simply internal policy.

According to my Collection Agency buddy, a post dated check is fair game the minute they get it in their hands.
The date is simply not part of the necessary items to issue a draft , such as routing number , account info, name , signature, amount written out and payee name.

 

[Gothgar]

try to cash it at the bank it was drawn off of.

 

[alkemyst]

Originally posted by: AlienCraft

Originally posted by: alkemyst

Originally posted by: BoomerD
Usually, after 6 months to a year, a check is considered "stale" and most banks will refuse them. Your best option would be to contact the issuer and ask them to re-issue the check.

In reality there is no limit on how long a check is good for, even if printed on it.

Even a stop payment doesn't protect the issuer. It's designed to only stop payment for a short period to give the issuer a chance to collect the check back. This is a loop hole that have many unscrupulous people just holding on to the bad checks for a few months and then cashing them in another branch.

Now most banks will either flat out refuse them or call the issuer to verify if it should be passed.

:thumbsup: Any hesitation , etc is simply internal policy.

According to my Collection Agency buddy, a post dated check is fair game the minute they get it in their hands.
The date is simply not part of the necessary items to issue a draft , such as routing number , account info, name , signature, amount written out and payee name.

post dated checks are illegal in some places I believe as well.

 

[1sikbITCH]

Originally posted by: BoomerD
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.)

I'm guessing you didn't want to raise hell with your lawyer over a small amount of money, but you do have the right to demand that he reimburse you. After all, this was the attorney's negligence, not yours.

Mistakes like this happen from time to time in every firm, and I can't believe they would hand you a stack of worthless checks instead of writing a good check to cover their screw up. I've worked for a couple different firms and when things like this happen the attorney has always made sure the client gets paid even if it means losing our entire fee and then some. A happy client is a return customer and excellent source of new clients as well.

If you have requested that the attorney make good on the checks he withheld from you and he has refused or ignored your request, you can file a grievance with the California State Bar and they would investigate.

 

[conehead433]

Originally posted by: Old Hippie

Originally posted by: conehead433
Kind of like finding a pound of pot you had forgotten about.

Less than 2ozs from where I'm sittin'.

Regardless of the amount at least you could get some satisfaction smoking it.

 

[alkemyst]

Originally posted by: 1sikbITCH

Originally posted by: BoomerD
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.)

I'm guessing you didn't want to raise hell with your lawyer over a small amount of money, but you do have the right to demand that he reimburse you. After all, this was the attorney's negligence, not yours.

Mistakes like this happen from time to time in every firm, and I can't believe they would hand you a stack of worthless checks instead of writing a good check to cover their screw up. I've worked for a couple different firms and when things like this happen the attorney has always made sure the client gets paid even if it means losing our entire fee and then some. A happy client is a return customer and excellent source of new clients as well.

If you have requested that the attorney make good on the checks he withheld from you and he has refused or ignored your request, you can file a grievance with the California State Bar and they would investigate.

QFT that's major negligence and sort of scary your attorney just threw shit like that in a box.

Most attorneys though like doctors, just get by and hope not to fuck someone up too much all the while they are raping them.

If you look into the history of things you will find a lot of what attorneys have done was made it impossible to self-represent yourself. They all basically took the hit together so whether or not they are defensive or offensive if Joe Citizen wants to defend himself they have open loopholes to stomp him out that are sort of out of reach to non-legal staff.

I handled my own divorce. Fortunately her attorney was typical. She actually ended up with less and paid more to get it than I offered her in the first place.

Her hiring a pro saved me money .