These checks are guaranteed by the issuing institution, as opposed to your personal account, and are often used for large purchases.Ĭashier check expiry dates are determined by the issuing institution. Much like a personal check, cashier’s checks are issued by a financial institution - such as a bank or credit union - and used as a form of payment. Uncashed money orders can also be subject to state abandoned or unclaimed property laws, which means that, after a certain number of years, the money is turned over to the state, and the payee must file the appropriate paperwork to claim the cash. If you have a money order, the best way to determine the expiration date is to check with the issuer.įees aren’t the only potential issue.
Personal check expiration date full#
While some issuers, such as the USPS, will honor the full value of a money order indefinitely, other issuers will charge a fee after a certain amount of time has passed. While money orders technically don’t expire, that doesn’t mean they infinitely retain value. How long is a money order good for?Ī money order is a secured certificate of payment that is issued by a third party, such as a bank, grocery store, post office or financial service like Western Union. Though you should cash the check as soon as possible, you typically have six months, or 180 days, to do so. Do personal checks expire? Yes, and much faster than the other types of checks covered in this article. Once received, the payee must cash the check at a bank or check-cashing institution.
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These bank-issued paper slips allow account holders to pay an individual, business or other organization without the immediate exchange of cash.
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Varies by state, though typically six to 12 months Do not expire, though may be subject to issuer fees and “abandoned property” laws in some states