What is the time limit on cashing personal checks after receiving them? I paid off a debt by personal check to a friend six months ago and he still hasn’t cashed it. My gripe is that he is so inconsiderate and lazy. I could have kept the money in my mutual funds account and gained a little more interest over this past half year rather than have had it rot in my checking account, which earns zero interest.
His inconsiderateness and irresponsibility have worn off on me. What if I forget about this check, having written it so long ago, and accidentally withdraw money from the account, thereby putting me in peril of having insufficient funds if this clown does eventually go to the bank?
What’s the rule, if anyone knows? Am I required to write a new check? Does the previous one become void? Does the debt become void? I wish!