I wrote a personal check on 9/12/09. I closed my account on 4/5/10. Seven months had passed when they tried to cash it. It was returned, due to the account being closed. Am I liable for the returned fee if they waited over seven months to cash it?
It's unreasonable for the payee to hold onto the check so long before depositing it. There may be extenuating circumstances, but we don't see why you should bear the burden of that fee.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
It's unreasonable for the 