What is the Validity Period of a Cheque | Stale Cheque | Out of Date Cheque | Banking Instruments

A stale cheque is a cheque that has been outstanding for an unreasonable time. A cheque may be outstanding for more than six months and a bank may under its discretion refuse to honor such a cheque. A bank is under no obligation to a customer to pay a cheque, other than a certified cheque, after more than six months of its date, but it can charge its customer's account for a payment made thereafter in good faith.

What is a Stale check?
Checks which are at least 180 days old (6 months) are considered stale. Tellers in banks will sometimes reject a check if the date is over that limit. This does not prevent a check from clearing the bank when deposited through other means than a teller.

Stale Cheque | Out Dated Cheque | Invalid Cheque | Negotiable Instruments | Banking Instruments.

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