Learn about your options today. This link is to make the transition more convenient for you. You should know that we do not endorse or guarantee any products or services you may view on other sites. Tax information center : IRS : Refunds and payments. Related Topics Refunds and payments Tax responsibilities Audits and tax notices Deadlines and extensions. A Federal Reserve regulation says a bank does not have to deposit a check if it has reason to doubt that it will be able to collect the money from the paying bank.
The UCC guidelines that allow banks to deny checks after six months do not apply to certified checks. However, a certified check that sits for too long may be subject to state abandoned property laws. Checks issued by the U. Treasury such as federal tax refund checks are void one year after the issue date. You must contact the IRS for a reissue if you find an old refund check sitting in the back of your desk drawer. The fee varies from bank to bank.
The fee might even be higher for international checks. A court decision in the case of Aliaga Medical Center, S. Harris Bank N. You could end up responsible for the deposit item return fee if the reason she wrote the notice was because the funds would no longer be available after those 90 days.
Someone who wrote a personal check is probably not prepared for the hit his checking account balance will take if you cash it months later.
Call or text the person to let him know your intent, especially if the check was issued by a friend or family member. Depending on how old the check is, you may want to ask if the person will write you a new check altogether. How We Make Money. Written by Taylor Medine.
Written by. Taylor Medine. Taylor Medine is a contributing writer for Bankrate. Taylor writes about banking and student loans. Edited By Mary Wisniewski. Edited by. Mary Wisniewski. Mary Wisniewski is a banking editor for Bankrate. And now for the good news—PayPal is waiving the fees for paper stimulus checks, so you can get the money into your PayPal account right away for free.
Convenience story giant 7-Eleven also has a debit card program that you can use. Anyone with a Trans ct Card can cash a check and apply the funds to your debit card account using a smart phone.
Undisclosed fees may apply, though see the cardholder agreement for details. Netspend , Ingo Money , Venmo , and others provide similar services that let you cash a stimulus check using your phone.
Again, make sure you understand the fees before you sign up. Every city and even many small towns have cash-checking businesses that will handle a stimulus check for you. However, there's a good chance you'll pay higher fees at these stores than if you use one of the other options discussed above. For some people, though, the extra cost is worth it because of the store's hours, location, or additional services—and you don't have to have a pre-existing relationship with them.
Some states limit the fees charged by check-cashing businesses. Pennsylvania, for example, limits the charge for cashing a government check to 1. In other states, like Michigan or Texas, check-cashing businesses are not regulated. As a result, there is no limit on the fees businesses in these states can charge for their services. Skip to header Skip to main content Skip to footer.
Home Coronavirus and Your Money. Coronavirus and Your Money. Where's My Stimulus Check? And Other FAQs.
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