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What is a stale cheque?

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Question added by Ali Al Ayesh , Senior Accountant , AES Arabia LTD
Date Posted: 2016/04/05
Joahnes Paulo Madriaga
by Joahnes Paulo Madriaga , Accounting Supervisor , SPAR RETAIL LLC

A cheque becomes stale when it is not presented for payment for more than six months. And a bank doesn't pay stale cheques to payee.

George Saltai
by George Saltai , Finance & Strategy Analyst , Iris Executive Development Centre

This is  cheque presented at the bank after certain period of time (six Month)  of its payment Date

Awais Goraya
by Awais Goraya , Accounts Payable Supervisor , The Venue Hotel

Check presented at the paying bank after a certain period

Stale cheque is one which is not presented for payment in the bank 6months from the date of its issue.

Arnel Yabao
by Arnel Yabao , SALES SUPPORT OFFICER , Almana and Partners w.l.l

Stale cheque would be a cheque which is not presented to the drawee bank within 6 months time from the date of the instrument.

Noushad Vadakke Necholi
by Noushad Vadakke Necholi , Finance Supervisor – GL Dept , Hoshanco Holding

Check that is presented to be cashed or deposited at a bank after six months. A Stale check is not valid

DOUE ROMEO
by DOUE ROMEO , Internship , SATELIT - CI

A stale check is a check whose validity date has expired

Deleted user
by Deleted user

The cheque will be consider stale if this is six month old because it would not be cash or transfer.

FAIZAN ALI
by FAIZAN ALI , Accountant , New Abasin Ltd.

A Stale cheque is not presented  in the bank  for the payment 6 month for issue the cheque date. the validity of cheque is expired.

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