Financial Term of the day : What is a STALE CHEQUE ? A - TopicsExpress

Financial Term of the day : What is a STALE CHEQUE ? A cheque which has been issued for more than 6 months. A stale cheque is not an invalid cheque, but it may be deemed an irregular bill of exchange. A bank may refuse to honor it unless its drawer reconfirms it payment either by inserting a new payment date or by issuing a new cheque. It is also sometimes called ‘stale dated cheque’. MyFinance Budget Portfolio | Personal Finance | Housing Loan | Personal Loan | Credit Card | Sharper Shopper | Calculators For more information please visit our website MyFinance.my.

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