SG Financial Services

Creating financial order out of paperwork chaos

Stale checks

Clean up “stale” checks before the end of the year.   A “stale” check is one that you wrote months ago but it hasn’t been cashed yet.  When you reconcile your bank account each month, it is always the one old thing that is still outstanding.  Either the check was lost in the mail or it was lost after receipt or it is folded up in a wallet.   You need to contact the recipient to see if they still have it and tell them to deposit it immediately.  If they don’t have it, you will need to void it and write a replacement check.  The safe thing is to also “stop payment” on the check with your bank.   It usually costs money to “stop payment”.