When do business checks expire

Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories.

But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. While we adhere to strict editorial integrity , this post may contain references to products from our partners.

Here's an explanation for how we make money. Founded in , Bankrate has a long track record of helping people make smart financial choices. All of our content is authored by highly qualified professionals and edited by subject matter experts , who ensure everything we publish is objective, accurate and trustworthy.

Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. We maintain a firewall between our advertisers and our editorial team.

Our editorial team does not receive direct compensation from our advertisers. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.

You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. Bankrate follows a strict editorial policy , so you can trust that our content is honest and accurate. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site.

Therefore, this compensation may impact how, where and in what order products appear within listing categories. Paying With Checks. Using a Debit Card. Best Checking Accounts.

Business Checking Accounts. Key Takeaways By law, banks are only required to honor checks for up to six months. Treasury checks are good for up to one year. Article Sources. Investopedia requires writers to use primary sources to support their work.

These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Related Articles. Banking Banking Now What? Checking Accounts How to Endorse a Check. Partner Links. A checking account is a highly liquid deposit account held at a financial institution that allows deposits and withdrawals.

Understanding Checks A check is a written, dated, and signed instrument that contains an unconditional order directing a bank to pay a definite sum of money to a payee. Postdated A postdated check or draft will display a future date on it. A check user will often write this in to specify that they do not want to withdraw the amount of the check until the date specified. Read about NSF fees and how to avoid them.

What Is an Outstanding Check? What Is a Bad Check? A bad check is a check drawn on a nonexistent account or on an account with insufficient funds to honor the check when presented. Investopedia is part of the Dotdash publishing family. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. Over the weekend, I decided to ask the bank how best to handle this. Nonetheless, I wanted to check with the bank before completely forgetting about it.

I explained the issue and this was his answer:. His reply:. In fact, under the Uniform Commercial Code, banks in the United States are not legally obligated to pay checks older than six months link.

Of course, this leaves some wiggle room. Your bank may not be required to honor an old check, but they might choose to do so. You would thus be well-advised to check with your bank before ignoring and old check in your register.

For the record, I would happily write a new check if I could figure out who to pay. Unfortunately, the school was just a pass-through entity in this case, and the money was ultimately destined for someone in the classroom.