Skip to content

Expired Stop Pay

Answered by: 

Question: 
A customer recognizes a check posting to their account that is stale dated (over a year old). The customer replaced the check at that time, but did not issue a stop order which would have expired now anyway without a renewal. Can we return the check if the item was paid fours day ago?
Answer: 

No, that would be a late return and your bank could readily be found liable for the item. As banks are allowed to pay stale dated checks, your customer's recourse is against the person he paid twice.

First published on BankersOnline.com 2/22/10

First published on 02/22/2010

Filed under: 
Filed under operations as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics