Understanding Stale Dated Cheques: A Growing Concern In the realm of financial transactions, cheques continue to play a significant role. However, one common issue that arises is the problem of stale dated cheques. A stale dated cheque is one that is presented for payment after a certain period, usually six months, from the date it … Read more
Understanding Stale Dated Cheques A stale dated cheque is a cheque that is presented for payment after a certain period, typically six months, from the date of issue. When a cheque becomes stale dated, banks may not honor it, and the issuer may need to reissue the cheque. However, before reissuing, it’s essential to draft … Read more
Understanding Stale Dated Cheques and the Need for a Claim Letter A stale dated cheque is one that is presented for payment after a certain period, usually six months, from the date of issue. When a bank refuses to honor a stale dated cheque, the recipient may need to write a formal letter for stale … Read more