I wrote a check to a co-worker on 2/18/07 and he just now (2009) cashed it. Does the bank have the right to go ahead and give him the money or do they have to pay me back?
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Unless you had a stop payment in effect on the check, the bank made a proper payment. The popular notion that checks are stale and not payable after six months is based on old laws and banking practices that have changed to adapt to today's check processing realities. Banks simply do not review most checks for dates, and it's very likely that your bank did not realize how old that check was. If you have old checks outstanding that you don't want paid, you should place stop payments on them or accept the risk that the payees might belatedly deposit or cash them.
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Unless you had a stop payment in effect on the check, the bank made a proper payment. The popular notion that checks are stale and not payable after six months is based on old laws and banking practices that have changed to adapt to today's check processing realities. Banks simply do not review most checks for dates, and it's very likely that your bank did not realize how old that check was. If you have old checks outstanding that you don't want paid, you should place stop payments on them or accept the risk that the 