19 sep What is a Stale Check?
In the United States, the Uniform Commercial Code allows banks to dishonor stale checks. https://seguridadseprotek.com/2023/09/29/navigating-international-accounting-standards-ifrs/ The bank receiving the check can return it to the paying bank and mark it unpaid. Lastly, if the payer has an account in the same bank, the bank...