BST transaction gone very bad with "lost" check

[Brian Van Horn]

Ian,

Sorry to hear about the check situation, but two questions:

1. I am not meaning to offend you, but why didn't you put a stop payment on the initial check?

2. 14 months after the fact, the check was cashed? Most banks, if I am not mistaken, will not cash a check after 180 days following the date on the check.

[bn2cardz]

Originally Posted by Brian Van Horn

Ian,

Sorry to hear about the check situation, but two questions:

1. I am not meaning to offend you, but why didn't you put a stop payment on the initial check?

2. 14 months after the fact, the check was cashed? Most banks, if I am not mistaken, will not cash a check after 180 days following the date on the check.

Both of the questions were answered in the initial post:

my bank Wells Fargo doesn't really allow me to cancel checks. You pay $32 for a 6 month renewable hold, but it does not actually cancel the check. I've also since learned (and was surprised) checks do not technically expire over time. Some banks may choose not to accept checks that are 6 months old as being "stale", however it seems many, if not most will accept years old checks indefinitely. In this case, Citizen's Bank happily accepted a 14 month old check without question. After the 6 month, $32 hold expires, you owe another $32 if you want the hold to continue for 6 more months, and this can go on forever. It would have cost $96 to protect myself for the 14 months.

[Brian Van Horn]

Originally Posted by bn2cardz

Both of the questions were answered in the initial post:

My apologies. I was just skimming the article. Leave it to a bank to come up with a renewable charge to stop a check.