What happens if you deposit a check that has been 'voided' after a certain date

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johnjbruin

Diamond Member
Jul 17, 2001
4,401
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I found a rebate check stashed in a drawer for $15 that says void after 11-27-2004.

What will happen if I still deposit it?

UPDATE 12/28/04

So I got the check back in the mail and it says "STALE DATE" on it and explains that the moeny was not deposited. :(
 
J

johnjbruin

Diamond Member
Jul 17, 2001
4,401
1
0
Originally posted by: Colt45
still good i think. I don't think you can void a cheque like that?
Click to expand...

I thought it was a scheme for rebate companies so that they could make money of of people that didnt deposit it fast enough. I guess I will give it a try and see what happens.
 
Legendary

Legendary

Diamond Member
Jan 22, 2002
7,019
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If the check processes, don't bank on keeping the money because it will get back to the rebate companies. They will then file a complaint against the bank to prove the check met all the standards, which it shouldn't because checks with void dates on them ARE actually void after whenever they say they are. The check should then be reversed.
I think this would be similar to the story of the $95k check.
 
J

johnjbruin

Diamond Member
Jul 17, 2001
4,401
1
0
Originally posted by: Legendary
If the check processes, don't bank on keeping the money because it will get back to the rebate companies. They will then file a complaint against the bank to prove the check met all the standards, which it shouldn't because checks with void dates on them ARE actually void after whenever they say they are. The check should then be reversed.
I think this would be similar to the story of the $95k check.
Click to expand...

Well - I just went to the nearby ATM and deposited it. We'll see what happens.

Anybody else have any experience with it?
 
E

eelw

Lifer
Dec 4, 1999
10,174
5,274
136
I'll assume it won't be honoured. Most rebate cheques give you 6 months to cash it in. So you snooze, you lose.
 
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Injury

Lifer
Jul 19, 2004
13,066
2
81
IIRC, the only way a completed check is void is if it is destroyed. Even writing "VOID" on it does not invalidate it.

Deposit it and stick it to the rebate companies. Probably just another tactic to get people to not get their money back.
 
J

johnjbruin

Diamond Member
Jul 17, 2001
4,401
1
0
UPDATE 12/28/04

So I got the check back in the mail and it says "STALE DATE" on it and explains that the moeny was not deposited. :(
 
T

tami

Lifer
Nov 14, 2004
11,588
3
81
i've tried to deposit checks in the past like this, and not only were they not honored, but i was fined an extra $20 for processing
 
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