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#8185 - 11/26/05 03:10 PM OLD UNCASHED BANK TELLER CHECK QUESTION ?
Anonymous
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(( HELLO WHAT HAPPENS TO A OLD BANK TELLERS CHECK AFTER 6 MONTHS UNCASHED, I ASSUME THE FUNDS WERE REMOVED FROM THE ACCOUNT WHEN THE CHECK WAS ISSUED: DO THE FUNDS RETURN TO THE ACCOUNT AFTER A CERTINE TIME ? )) or DO THEY GOTO UNCLAIMED FUNDS, IF THEY GOTO UNCLAIMED FUND HOW DO YOU RECOVER THEM ?

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#8186 - 11/28/05 08:50 AM Re: OLD UNCASHED BANK TELLER CHECK QUESTION ?
John Burnett Administrator Offline
Compliance is my life

Registered: 10/27/00
Posts: 12642
Overly simplified -- A teller's check or other bank official check used to disburse a withdrawal from an account is not "stale" after 6 months. It's good until it's old enough to be surrendered to the state under the state's abandoned property laws. That period will vary from state to state, but it's usually at least three years. Funds that have been surrendered can be claimed at the state treasury's abandoned property office.

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