How long can you save a paycheck?
Answers:
usually 90 days unless stated otherwise on check
It usually states on the check that it's voided after 90-120 days.
Unless there is an expiration date on the check, it's normally considered stale after 6 months. Checks issued by the US Government are good for one year unless otherwise marked.
it's your paycheck, save it as long as you want, but as others have mentioned, it will become worthless after a period of time. My bank won't take a check that's over 6 months old unless it's government or if the check actually has an expiration date.
I agree with Bostonianinmo's answer above. Unless otherwise marked, US Banks treat a check as stale (i.e., no longer valid) if it is more than 6 months old (12 months for US Government checks).
One thing to keep in mind is that you don't want to "deposit" the check at the last minute. Even though your bank might accept it for deposit, by the time it is processed through the banking ACH system, it may be rejected by the issuing bank as "stale". This could result in your bank charging you a fee for a returned deposit item.
If you have held a paycheck for longer than 6 months, you can take the check back to your employer (or former employer) and request that they issue you a new check.
PS - While holding on to a paycheck is a good way of ensuring that you don't spend the money, it would be a much better idea to put the money in some type of interest earning account or investment where it can grow.
Most banks won't cash a check more than six months old. It's considered stale dated, and you'd have to get it replaced by the issuer.
Some checks have a shorter time printed on them, 60 or 90 days. If your check doesn't have any such limits, then 6 months.
Legally, there is no 'expiration date' unless the check actually states on its face that it is void after a certain time. That said, the others are correct that most banks will not accept checks more than 6 months old. They have the option, but are not required to do so. Why would you want to save a paycheck? If you don't need the money, please endorse the check to CASH and mail it to me. MasterCard will gladly take the money.
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