Question re: Accounting

nicoleg1982

I asked my CPA's office, but they haven't responded yet.

How long is a check considered valid?  We want to close a bank account, but we have checks from 2003-2009 that have not cleared.

IMO, if it's more than 1 year old, it is expired.  But I don't think that's a rule, per se.  

Anyone have any experience with this?

Butter Cookie

I thought it was more than 90 days was not valid? Some say it on there. I think generally anything past 6 months is not considered a valid check.

TheDuckis

I thought it was 3 months. I know some checks say that on them. I have an HSA check from January that I'm afraid to deposit now because I don't want to pay $50 if the $20 check bounces.

AuntFlo

Call your bank to be sure, but 1 year sounds about right.  I worked at a bank long, long ago.
Duckis - - it shouldn't be $50 - - more like $10.

zsazsa-stl

I signed check is legal tender.  I could be wrong, but I don't think there is any set term on it unless it is stated on the check.  But, you can stop payment on those checks.  And you can turn the money over to the state as unclaimed property.  I think my company turns money over to the state if the check isn't cashed within 7 months or so.  That way if someone comes back in five years and wants their money, you direct them to their state comptroller.