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#1608739 - 09/26/11 06:34 PM Expiration date
GrannieTwo Offline
100 Club
Joined: Nov 2010
Posts: 180
Central IL
Can we place the following on tag on our Cashier Check's and Bank Money Orders - "Not valid after 180 days from check date"?
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For when I am weak, then I am strong. 2Cor 12:10

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General Discussion
#1609050 - 09/27/11 12:35 PM Re: Expiration date GrannieTwo
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 84,334
Galveston, TX
You would have to check State law, but it most States it would not be allowed.
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#1609384 - 09/27/11 05:05 PM Re: Expiration date rlcarey
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,728
Florida
Cashier's checks and money orders are liabilities of the bank. What would the bank plan to do with the funds - take them into income or return them to the purchaser at the end of 180 days?

Like Randy mentioned check state law, but they probably more governed by the escheat laws of your state.
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#1609701 - 09/28/11 01:05 PM Re: Expiration date Rocky P
GrannieTwo Offline
100 Club
Joined: Nov 2010
Posts: 180
Central IL
That's what we thought but we have stumbled and I'm trying to come up with a solution that keeps us from stumbling again. Thanks!
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For when I am weak, then I am strong. 2Cor 12:10

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