Cheque clearing with issuer account closed
My friend in Toronto paid me back $2,000 and I received his cheque on March 17 and deposited it via atm, he is moving to the States and will close his bank account. We are wondering since my bank will hold the funds until March 24, is it safe for us if his bank account show the cheque is cashed before March 24 and he closed the account once it is shown cashed? Thanks.