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-   -   "check void after 90 days" - question about international cash out (https://gfy.com/showthread.php?t=1103947)

mineistaken 03-22-2013 06:55 AM

"check void after 90 days" - question about international cash out
 
Hello,

If you cash international check it takes +-3 weeks.
Lets say check is issued on January 15th and it says void after 90 days (so on 15th of April)
If its deposited on 30th of March will it cash out or not (deposited before void date, but cash should come after void date)?

I am not sure what goes on during those +-3 weeks, main question is - would bank which issued the check get "signal" on deposit date or only after those 3 weeks (so it would be after void date already)?

faxxaff 03-22-2013 06:57 AM

Should be no problem. Why not ask your sponsor to send you a wire or Paxum?

_Richard_ 03-22-2013 07:23 AM

there is no such thing as a 'void after 90 days'

same premise of writing a bad cheque..

x-rate 03-22-2013 07:23 AM

First you got to know it's 90 days from the check date to the deposit date. That's one of the reason why bank (well in Canada) Stamp the back of the check with their name and the date.

Second it's doesnt take 3 week for a check to clear.... your froze the money 3 week to have an extra layer of protection but by experience it's take only few day to 'really' clear. I'm in Canada and one of my friend have a bank account in the US. He wrote me a check and money went out of his account 3 days after I made the deposit.

I have a good credit so my bank let me deposit 5k of US check per business day without hold. Over that they 'freeze' the extra for 10 business days.

EddyTheDog 03-22-2013 07:39 AM

Quote:

Originally Posted by x-rate (Post 19540497)
First you got to know it's 90 days from the check date to the deposit date. That's one of the reason why bank (well in Canada) Stamp the back of the check with their name and the date.

Second it's doesnt take 3 week for a check to clear.... your froze the money 3 week to have an extra layer of protection but by experience it's take only few day to 'really' clear. I'm in Canada and one of my friend have a bank account in the US. He wrote me a check and money went out of his account 3 days after I made the deposit.

I have a good credit so my bank let me deposit 5k of US check per business day without hold. Over that they 'freeze' the extra for 10 business days.

Yeah - Uncleared funds is such a scam - It used to be needed, but these days its a money grab.

BlackCrayon 03-22-2013 08:18 AM

what if the check is like 8 months old. would it be stupid to try and deposit or am i just better off getting them to issue a new one?

Vendzilla 03-22-2013 08:21 AM

Here's an option, send your international checks when you get them to ePayServices. We'll cash them and load your debit card.

EddyTheDog 03-22-2013 08:25 AM

Quote:

Originally Posted by Vendzilla (Post 19540596)
Here's an option, send your international checks when you get them to ePayServices. We'll cash them and load your debit card.

Whats the hold time for US and Non US checks?

It might be a way for me to deal with CCBill...

PR_Glen 03-22-2013 08:29 AM

Quote:

Originally Posted by _Richard_ (Post 19540496)
there is no such thing as a 'void after 90 days'

same premise of writing a bad cheque..

I guess you haven't ever worked in accounting and witness the problems with that premise?


We offer reissues of course but its ridiculous to not have an expiration on a check.

PR_Glen 03-22-2013 08:31 AM

Quote:

Originally Posted by BlackCrayon (Post 19540587)
what if the check is like 8 months old. would it be stupid to try and deposit or am i just better off getting them to issue a new one?

always better to talk to someone first if its been that long i'd say.

_Richard_ 03-22-2013 08:33 AM

Quote:

Originally Posted by PR_Glen (Post 19540632)
I guess you haven't ever worked in accounting and witness the problems with that premise?


We offer reissues of course but its ridiculous to not have an expiration on a check.

is it payment if the payment 'expires'?

PR_Glen 03-22-2013 08:35 AM

Quote:

Originally Posted by _Richard_ (Post 19540641)
is it payment if the payment 'expires'?

the payment doesn't expire, the check does..

Vendzilla 03-22-2013 08:40 AM

Quote:

Originally Posted by EddyTheDog (Post 19540609)
Whats the hold time for US and Non US checks?

It might be a way for me to deal with CCBill...

We have no hold time, we send them directly to our bank, which is US based. We cash a lot of CCBill checks. When they clear, your account is credited.

With CCBill and Epoch , you can have them send the checks directly to us, we'll tell you how it works after signing up, it's pretty simple.

This is a really good service for webmasters outside the US

BlackCrayon 03-22-2013 08:50 AM

Quote:

Originally Posted by PR_Glen (Post 19540636)
always better to talk to someone first if its been that long i'd say.

the sponsor said to go ahead and deposit it but i worry their bank will reject or something since its so old.

2MuchMark 03-22-2013 11:31 AM

Quote:

Originally Posted by x-rate (Post 19540497)
First you got to know it's 90 days from the check date to the deposit date. That's one of the reason why bank (well in Canada) Stamp the back of the check with their name and the date.

Second it's doesnt take 3 week for a check to clear.... your froze the money 3 week to have an extra layer of protection but by experience it's take only few day to 'really' clear. I'm in Canada and one of my friend have a bank account in the US. He wrote me a check and money went out of his account 3 days after I made the deposit.

I have a good credit so my bank let me deposit 5k of US check per business day without hold. Over that they 'freeze' the extra for 10 business days.

Exactly right.

If you have a good relationship with your bank they should never hold any checks. It might be a good idea for them to hold a $5k or bigger check as its protection for you as well.

If your bank holds sub $5k checks for 30 days for them to "clear", talk to your account manager and see what you can do to get this removed. It's not the check they don't trust, its you.


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