CASH THOSE OLD CHECKS, SAYS UNCLE SAM
The government Monday began pressing Americans to cash more than $2.5 billion in outstanding federal checks, warning that it will be more difficult to get money for old checks in the future. A new rule takes effect Oct. 1 that gives recipients of government benefits checks one year from the date of issue to cash them before they become invalid, the Treasury Department said.Skip to next paragraph
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Currently, US government checks have no time limit. But anyone wanting to cash a ``stale-dated'' check in the future will have to seek payment at the agency that issued it.