Oh please, not that.

No. And that's something else I did not say. What I said was that when something similar had happened previously, the charge had been refunded and the bank chose to make a goodwill gesture.

You are a lawyer, right?

So you missed the three previous comments from me admitting my responsibility. tsk tsk.

Not quite right. I'm actualy not wanting to lose money. I'm not a lawyer, but I know the difference.

Whatever happened to "good faith"?

Again....I did not say I expected that. I said that previously it had turned out that way.

Exactly.

Judge Judy?

6 months


http://www.cdnpay.ca/imis15/eng/FAQs...12a9a894b#bm07

When is a cheque considered stale-dated, and is it no longer valid after that point?
Under CPA Rule A4, Section 23, a cheque is considered stale-dated after six months, unless it has been certified. Although it may be returned through the clearing for that reason, there is no obligation to do so, and the payor’s financial institution may still accept it as a valid payment item. An institution accepting a cheque that is dated more than six months earlier may choose to contact the payor’s financial institution to confirm whether the cheque will still be accepted


To me that suggests the cheque could be processed for payment as there is no obligation to return the cheque through clearing on the basis of date and the bank may accept it as valid payment.

There are a number of cheques I've written that I suspect have been forgotten about or lost but there are also some that were written on the agreed understanding that they might or might not be presented. Eg part of scouts annual fee paid in three post dated cheques which are only presented if the boys don't participate in fund raising or the fundraising isn't successful enough. If I ask the scout leader to return these cheques he's going to think I'm a right t**t. Sounds like I'll have to contact the bank direct to check what their policy is and get it in writing. It shouldn't be necessary to cancel a cheque in this situation.

I suspect that should one get cashed after 6 months you would be able to argue with the bank about having it and any fees rescinded.

Before 6 months you have your work cut out.

It doesn't matter how much is in there when you wrote the check, or how high the balance got in between writing it, the only balance that matters is the balance in the account when the check is presented for payment.

Yes, I realise that.

Tell you what...any volunteers to send me a cheque...not too much....say $100.

I'll keep them all for different periods, maybe the full six months and then I'll deposit them.

Then we'll see how many people forgot about it with all the activity on their accounts since.

If I'm the only imperfect individual out of, say, 20, I'll pay all the costs.

I have to say that if I had done such a dumb thing I would have kept quiet about it and not posted my stupidity on here.

not sure about the schools bank in your case but the bank i have to deal with as treasurer of a local club charges $7 for the nsf-notification to the club when a cheque bounces.

our policy is to get the fee back from the person who triggered the message and fee.

But self deprecation is a Brit thing isn't it?

I think that's standard.

My policy is to bank a cheque when I receive one.

Has it occurred to you that you might be the only individual out of say 20, who would even notice?

You mean because so many people are so well off that their bank balances wouldn't fall low enough for timing to be an issue? Of course I have.

Having a bank account that usually contains at least $100 doesn't make you "well off". Well maybe compared to those who don't I suppose.

*

which was less than a week from the date on the cheque and two days after i got it in one particular case...

my point probably was that i'd consider myself lucky to be charged only by my own bank and not paying the other bank charge and an administration fee charged by the organisation the cheque was payable to on top of it. (unless that's the $40 fee you were talking about in your original post...)



* MY personal policy is to have at least as much money on my account than i have outstanding in cheques and upcoming online payments at any given time...

That may well happen yet. It's March break so the school hasn't really had chance to pick up on it yet.



As someone who learns lessons, that will be my policy from now on too.

But for the once or twice a year I write a cheque, a spread sheet or buying a program is a sledgehammer to crack a nut.

I already keep a note of credit card statemet dates. I'll just add a note about the cheque to that. Even if 7 out of 8 times so far it wasn't necessary.

That reminds me of the poster who said he wasn't well off because he couldn't afford half a dozen of the houses someone gave links to.

Those he could afford were in the range of $750,000 and $1.5m.