Expired Cheque

P3

I closed my saving account from principality building society, and asked for a cheque, I totally forgot to deposit into my current account, now the cheque has expired (issue April 2020), it is a small amount of £3
Will they reissue the cheque for free? If they request a fee, what right have I got to get my money back?

Growingold

P3 said:

I closed my saving account from principality building society, and asked for a cheque, I totally forgot to deposit into my current account, now the cheque has expired (issue April 2020), it is a small amount of £3
Will they reissue the cheque for free? If they request a fee, what right have I got to get my money back?

Why don't you ring them and ask them?

veryintrigued

Assume you have tried to cash the cheque already - rather than wasting Principalitys time and expense in the first instance esp for £3?

Have you any mobile banking apps you can try (or a banks ATM close that you are able to use as part of your exercise?).

Institutions could probably do without stuff like this at this current lock down and especially as it been so low down your priority list the past six months.

Sorry if that's unhelpful but I wish you luck.

JGB1955

Personally I would just pay it into my bank through their ATM.  

ARH_2

Given that it's such a small amount, and from a building society, the receiving bank will probably waive the usual six month rule. 

P3

Problem is if it bounced, it would charge a fee

[Deleted User]

YOU get charged a fee if YOUR cheque bounces, why would you be charged a fee if a cheque you paid into your account, issued by a third party, bounced? That would logically be very unfair to you, if you paid in a cheque from a friend in good faith and they had an unexpected payment out of their account and the cheque bounced, how is that your fault?

xylophone

https://www.chequeandcredit.co.uk/information-hub/faqs/cheques-and-cheque-clearing#:~:text=Is it true that cheques,t have an expiry date.

Is it true that a cheque is valid for only six months?

No. A cheque is valid for as long as the debt between the two parties (i.e. the person writing the cheque and the person they give it to) exists. In other words, cheques don’t have an expiry date. However, it is common banking practice to reject cheques that are over six months old to protect the person who has written the cheque, in case the payment has been made another way or the cheque has been lost or stolen. This six-month timeframe is at the discretion of individual banks. It should not be assumed that cheques older than six months would automatically be rejected as the only definite way to cancel a cheque is for the person who wrote it to request that a stop be placed on it. If you have a cheque that you want to pay in that is more than six months old, your best course of action is to not pay it in and instead obtain a replacement from the person who gave it to you. Where there is a dispute, a cheque remains legally valid in order to provide proof of the existence of a debt for a period of six years, which is the Statute of Limitations.

masonic

P3 said:

Problem is if it bounced, it would charge a fee

It is very unlikely to 'bounce' (returned due to insufficient funds in the account on which it is drawn), and if it did it would be Principality who would bear the charge. If it was rejected as invalid due to the date, then normally no fee would be payable. Given one can now pay in cheques via app with several banks, it is possible to retain the physical cheque while attempting to deposit it. This would avoid the admin of reissuing the cheque unless necessary.

veryintrigued

xylophone said:

https://www.chequeandcredit.co.uk/information-hub/faqs/cheques-and-cheque-clearing#:~:text=Is it true that cheques,t have an expiry date.

Is it true that a cheque is valid for only six months?

No. A cheque is valid for as long as the debt between the two parties (i.e. the person writing the cheque and the person they give it to) exists. In other words, cheques don’t have an expiry date. However, it is common banking practice to reject cheques that are over six months old to protect the person who has written the cheque, in case the payment has been made another way or the cheque has been lost or stolen. This six-month timeframe is at the discretion of individual banks. It should not be assumed that cheques older than six months would automatically be rejected as the only definite way to cancel a cheque is for the person who wrote it to request that a stop be placed on it. If you have a cheque that you want to pay in that is more than six months old, your best course of action is to not pay it in and instead obtain a replacement from the person who gave it to you. Where there is a dispute, a cheque remains legally valid in order to provide proof of the existence of a debt for a period of six years, which is the Statute of Limitations.

Isn't the Statute of Limitations an American 'thing'?

masonic

veryintrigued said:

xylophone said:

https://www.chequeandcredit.co.uk/information-hub/faqs/cheques-and-cheque-clearing#:~:text=Is it true that cheques,t have an expiry date.

Is it true that a cheque is valid for only six months?

No. A cheque is valid for as long as the debt between the two parties (i.e. the person writing the cheque and the person they give it to) exists. In other words, cheques don’t have an expiry date. However, it is common banking practice to reject cheques that are over six months old to protect the person who has written the cheque, in case the payment has been made another way or the cheque has been lost or stolen. This six-month timeframe is at the discretion of individual banks. It should not be assumed that cheques older than six months would automatically be rejected as the only definite way to cancel a cheque is for the person who wrote it to request that a stop be placed on it. If you have a cheque that you want to pay in that is more than six months old, your best course of action is to not pay it in and instead obtain a replacement from the person who gave it to you. Where there is a dispute, a cheque remains legally valid in order to provide proof of the existence of a debt for a period of six years, which is the Statute of Limitations.

Isn't the Statute of Limitations an American 'thing'?

Yes, in the UK there are various different limitation periods for different things and no such limit for serious crimes, but the relevant legislation for this type of legal action would be the Limitations Act 1980: https://www.legislation.gov.uk/ukpga/1980/58