cheques, do they expire
 

I've just found a cheque that we haven't paid in but its over 6/12 old. I know that in the UK that makes it passed it's death date but does the same apply in Canada?

Re: cheques, do they expire
 

What does 6/12 old mean? :blink: I found a cheque from January 2010 back in June 2010 (ahh does 6/12 mean 6 months old?) and paid it in no problemo.

Re: cheques, do they expire
 

I believe it does , I know when i needed to get our business office to cancel a cheque that had been made out to the wrong payee ( the company couldn't cash it). There was a comment along the lines of " well its close to its dead date" or somethign along those lines in their reply

doubtless people with more knowledge will correct if I am wrong

Re: cheques, do they expire
 

6 months, yep, 1/7 is one day and 1/52 is one week. Tis Medispeak.

Re: cheques, do they expire
 

probably out of luck and I doubt the company will reissue but will try.

Re: cheques, do they expire
 

Six months? I'd pay it in and see. I dont think thats unreasonable.

http://financefreelancelife.com/2009...really-expire/

Re: cheques, do they expire
 

thanks for the link but it didnt work. It's more than 6 months, almost a year really. I have no idea where the time goes.

Re: cheques, do they expire
 

odd, its dead now, but was Ok before.

Anyway, heres a link to googles cached version if it helps, it basically says what Zoe said, but i dont see the harm it trying to pay it in.
http://webcache.googleusercontent.co...really-expire/

Re: cheques, do they expire
 

I was advised by NatWest that in the UK there is no 'stale date' on cheques anymore, however in Canada it is 6 months. CDN banks won't accept any cheques over 6 months old, at least our bank would not.

Re: cheques, do they expire
 

Aviator is correct according to this website. But there do appear to be possible exceptions.

http://www.cdnpay.ca/faqs/cheques.asp

When is a cheque considered stale-dated, and is it no longer valid after that point?

Re: cheques, do they expire
 

IMO, the best way to deal with the cheque in question is to deposit it through an ATM machine. While each bank is different in how such deposits are processed there's a good chance that it's done centrally and dates on cheques wouldn't normally be checked. At one time all cheques were sent to paying branch for filing, checking dates, body and figures and signatures but, for the most part, that's all been abandoned as a cost efficient measure.
I think there's a 75/25% chance the stale-dated issue will not be noticed if deposited via machine.

Re: cheques, do they expire
 

You can only do this with CDN$ cheques, FX cheques have to be done in branch.

Re: cheques, do they expire
 

Ive placed FX cheques in a machine with no problem at all, the FX is taken care of at the time its cleared, so for say a 100GBP cheque, you just enter the deposited amount as 100$, and then a few days later the balance appears at whatever the rate was. Of course, with internet / phone banking I have little choice, but thats what the people at PC financial told me to do and it worked...

Im assuming in Fleds case its a CDN cheque anyway. I must confess I assumed it was to be deposited in a bank machine rather than checked by a human.

Re: cheques, do they expire
 

We tried this with RBC and got a really crappy rate. The FX had changed between when we dropped it in and when they processed it. Guess it could have gone either way.

Re: cheques, do they expire
 

A crappy rate at a bank? Say it aint so!

I believe in my case that they use whatever the bank rate is at the time its deposited. The bigger issue with depositing FX cheques is (in my case) the extraordinarily long hold periods they apply. I couldn't access the money until long after it cleared the UK bank.

For a small sum though the crap FX rate and hold period are outweighed by the convenience. Not really relevant to this discussion anyway as it probably doesnt apply for the OP anyway.