how long should i keep funds

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Apr 7th, 2016 7:02 pm

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Apr 7th, 2016 4:31 pm

Guest3944838 [OP]: Deal Addict; Nov 2, 2003; 1262 posts; 81 upvotes; oshawa

Apr 7th, 2016 4:31 pm

how long should i keep funds

I issued a check to someone and they have not deposited it in 2 months now. how long should I keep the funds in the a/c as I am afraid that I might accidently use it and get stuck with a bounced check.

if you dont have an answer, dont repond to my thread.
I need answers, and thats why i use redflagdeals forums.

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Apr 7th, 2016 4:34 pm

gogoblender: Deal Addict; Oct 7, 2012; 1806 posts; 497 upvotes; Montreal

Apr 7th, 2016 4:34 pm

junkone wrote: ↑I issued a check to someone and they have not deposited it in 2 months now. how long should I keep the funds in the a/c as I am afraid that I might accidently use it and get stuck with a bounced check.

Can you contact them and ask they why they haven't deposited the check?

Apr 7th, 2016 4:48 pm

k1ll4hb33: Sr. Member; Feb 8, 2011; 664 posts; 206 upvotes; Toronto

Apr 7th, 2016 4:48 pm

Or just cancel the check and wait for them to call you :P

Apr 7th, 2016 5:19 pm

Guest3944838 [OP]: Deal Addict; Nov 2, 2003; 1262 posts; 81 upvotes; oshawa

Apr 7th, 2016 5:19 pm

it cost me money to cancel the check. I owe this person 200$ and don't want to spend more money than necessary. this person's phone # is not working anymore.

if you dont have an answer, dont repond to my thread.
I need answers, and thats why i use redflagdeals forums.

Apr 7th, 2016 5:25 pm

Momof3cuties: Deal Addict; Aug 19, 2013; 2397 posts; 1085 upvotes

Apr 7th, 2016 5:25 pm

Cheques are usually considered stale dated after 6 months. But some banks may still cash it. If you can't contact the person I would leave it for 6 months and then cancel the cheque of your that concerned. Then it's up to the person to contact you. It only costs about $5 to cancel a cheque (depending on your bank)

Apr 7th, 2016 7:02 pm

Kasakato: Deal Expert; Mar 25, 2005; 22207 posts; 3036 upvotes

Apr 7th, 2016 7:02 pm

junkone wrote: ↑I issued a check to someone and they have not deposited it in 2 months now. how long should I keep the funds in the a/c as I am afraid that I might accidently use it and get stuck with a bounced check.

At least 6. Then close your account and open a Tangerine with free daily overdraft.

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