I was told that a check payable to me and deposited can be reversed up to three years. This is an insurance check from a major carrier. I had trouble depositing it. I do not believe the bank, because how can someone take away the money three years later?
Untitled
In most states, if the endorsement on a check is forged or otherwise fraudulent, a claim can be made by the bank that paid the check as long as three years after making the payment. The claim would be against the bank accepting the check for deposit, and that bank would have the right to pursue its depositor for reimbursement.
Your bank simply wants to ensure that your check won't present any endorsement problems. If it is a legitimate check payable to and endorsed by you, and deposited to your account, there's virtually no chance that there will be a problem with your endorsement. On the other hand, if the check was payable to both you and another party (with the word "AND" appearing in the payee line), and the other payee didn't endorse the check or there is some problem with the other party's endorsement, the check could come back to haunt you up to three years from now.
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In most states, if the 