You may have found an old check and thought this was "found" money, but it could come back to bite you. Cashing that old check might end up costing several times its value in fees. This could happen because banks are not obligated to cash a check older than a few months. However, the date on stale checks is sometimes taken as a guideline, not a hard rule.
It's Up to the Bank
Cash Old Checks at Your Peril
You Can Still Collect on the Debt
When to Call it a Day
Russell Huebsch has written freelance articles covering a range of topics from basketball to politics in print and online publications. He graduated from Baylor University in 2009 with a Bachelor of Arts degree in political science.