Stale Check

Stale Check

A document that is a promise to pay money that is held for too long a period of time before being presented for payment.

A check is considered to be stale when it is outstanding for a period of six months or more. A bank is not obligated to pay a stale check.

Cross-references

Commercial Paper.

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References in periodicals archive ?
After she retired last year, a credit union member brought in a stale check -- an old check that had been issued by the credit union but never cashed.
The credit union reviewed its ledger of stale checks, which showed Vickers reissued stale checks to pay her credit card bills.
When FBI agents questioned her about the stale checks, she initially denied any wrongdoing,
After Vickers retired in 2015, a credit union member brought in a stale check - an old check that had been issued by the credit union but never cashed.
Vickers reissued a stale check in the amount $7,800 to pay her Chase Bank credit card bill last February when she retired.
However, auditors noted that DOLE has not reverted the amounts in the stale check to the cash accounts as required under the rules.
Just a few days before he was killed, Savellano led his Marine company in the recovery of P79 million in cash and stale checks at a house used as a sniper's nest by the Maute group.
The bank compares checks received for payment against that list each day and identifies checks not on the company's list, checks that exceed a specific dollar amount, or stale checks, i.
An authorized user can report on items such as stale checks (for escheatement), voided or stopped checks, and review bank transmission logs.
Savellano was the commander of the 37th Marine Company of the Marine Battalion Landing Team that last week found P79 million in banknotes and stale checks in a house in Marawi that terrorists had used as a sniper's nest.
But I don't want to connect it, unless there is evidence (linking them) with the money seized,' he continued, referring to the bundles of cash and stale checks worth P79 million that the military recovered from a house occupied by Maute snipers in Marawi.