Using Banks and Bank Accounts/Uncashed Personal Check

Advertisement

Expert: Robert Hanzel - 11/9/2006


Question
Hello,
My credit card company has posted my payment two months ago but has not
cashed the check. How long do I wait to make sure the money is in my
account for the uncashed check?


Thanks for your help.


Answer
Technically, you need to wait until the check is no longer valid, which is normally 6 months. This is up to your bank to decide, so I would ask them exactly what their policy is. However, I would call your credit card company and try to determine why it has not been cashed. Things like this have a paper trail and you do not want to be on the end of having lied or hidden information for personal gain. Good luck!

Using Banks and Bank Accounts

All Answers

Answers by Expert:

Ask Experts

Volunteer

Robert Hanzel

Expertise

I can answer questions regarding most areas of consumer and commercial finance. I have extensive experience regarding various types of loans (commercial, consumer, USDA, SBA 504, SBA 7A, foreign), many investment vehicles, credit, economics, and banking. I am not an expert regarding tax structures and other tax issues and thus would not recommend asking tax related questions

Experience

Over 11 years Financial, Investigative, and Legal experience including loan review, due diligence, financial analysis, collections, and risk management. I have managed Credit Administration, Loan Administration, Credit Analysis, Credit Review, Liquidation Departments, Collections, and workouts

Organizations
Both the Risk Management Association and the Bank Administration Institute.

Education/Credentials
I have obtained both my Credit Risk Certification from the Risk Management Association and a Loan Review Certification from the Bank Administration Institute.

©2012 About.com, a part of The New York Times Company. All rights reserved.