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    why is cheque sometimes called 'stale cheque'?

    +2  Views: 1368 Answers: 4 Posted: 10 years ago
    Tags: check banking

    4 Answers

    Out dated... past the six month mark without being cashed.

    sawali

    that is correct but why 'stale'? Curious.
    FISH-O

    Stale dated.

    A cheque is said be stale when it has not been presented by the payee within the stipulated time set aside by the financial institution .

    The CHQ is out of date a chq must be presented to the bank with in 6 months in the UK but may be different in other parts of the world !

    They call it "stale dated"  instead of the more cumbersome..."Oops, you're too late to get any money out of this deal, honey.  Go to the payer and request a new one."



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