Using Banks and Bank Accounts/reissuance of a check

Advertisement


Question
I worked for a company several years ago and they paid me with a check.  Today I was going through some old papers and found a check I forgot to cash that is about 520.00.  ( I worked two jobs and must have forgot about that check back then)  I certainly could have used it.  In any event, there is verbage on the bottom that states it is void after 60 days.  If I contact them do they have to reissue it or can they say."Tough Luck"?

Thank you

Answer
Cathy, The first thing I would reccommend you doing is to deposit the check into your account by mail or after hours deposit. You will know soon whether or not to go further.

If the check is not accepted, then I suggest that you approach your previous employer. The issue is a matter of proof that they owe you the money. If you approach them reasonably and allow them time to research the issue they should be willing to reissue you check. I suggest that you first write them, explaining the situation, enclosing a copy of the check (both sides) and request that the check be reissued. Good luck, Jim

Using Banks and Bank Accounts

All Answers


Answers by Expert:


Ask Experts

Volunteer


Jim Meadows

Expertise

I can respond to most questions concerning consumer and business relationships with US financial institutions. My expertise touches on deposit and loan issues and particularly on strategies to navigate through bank policies personell and practices. I have a degree in Economics, attended law school, Graduate Shool of Banking, and Commercial Lending and Compliance Schools.

Experience

I have twenty years experience as a bank CEO. Most of those years were spent operating a bank focused primarly on serving consumer/retail needs. I helped pioneer deposit and loan products for low/moderate income individuals. I currently serve on multiple bank boards and am Chairman of a Commercial Bank in Atlanta.

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