How long are business checks good for

how long are business checks good for

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Banks Have Discretion

According to the Uniform Commercial Code, Article 4-404, a bank does not have to cash old checks. However, the Code gives a bank the option of doing so in good faith, based on the assumption that the issuer would want to honor its obligation. If you have a check outstanding, it is sensible to contact your bank and ask whether its policy permits it to be cashed after six months.

Business Checks More Likely To Be Honored

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Category: Personal Finance

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