this post was submitted on 27 Sep 2023
116 points (97.5% liked)
Canada
7564 readers
1093 users here now
What's going on Canada?
Related Communities
๐ Meta
๐บ๏ธ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
๐๏ธ Cities / Local Communities
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Guelph (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
Sorted alphabetically by city name.
๐ Sports
Hockey
- Main: c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montrรฉal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL): incomplete
Football (CFL): incomplete
Baseball
Basketball
Soccer
- Main: /c/CanadaSoccer
- Toronto FC
๐ป Schools / Universities
- BC | UBC (U of British Columbia)
- BC | SFU (Simon Fraser U)
- BC | VIU (Vancouver Island U)
- BC | TWU (Trinity Western U)
- ON | UofT (U of Toronto)
- ON | UWO (U of Western Ontario)
- ON | UWaterloo (U of Waterloo)
- ON | UofG (U of Guelph)
- ON | OTU (Ontario Tech U)
- QC | McGill (McGill U)
Sorted by province, then by total full-time enrolment.
๐ต Finance, Shopping, Sales
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
๐ฃ๏ธ Politics
- General:
- Federal Parties (alphabetical):
- By Province (alphabetical):
๐ Social / Culture
Rules
- Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You find it odd that a guarantee with an explicit expiration date was not guaranteed after the expiration...?
I must not be reading your comment correctly.
No, my point is that the bank doesn't need to be indemnified to cancel the first check and issue a second check. A certified check can be reported lost or stolen and reissued without a lot of fuss. It is the bank that holds the money drawn on for a certified account which they take out of your account. They haven't sent it to escrow or something where there is risk of them being out 2x.
No you're understanding is incorrect. There is a big difference between an expired cheque and a reissued cheque.
If I walk into a bank with an expired cheque, they will not honour it, so there is no risk of 2 people cashing the separate cheques. If I walk in with a valid certified cheque, they MUST honour it, even if someone already cashed the reissued cheque.
You are correct that the recipient could wait ~1.5 years for the cheque to expire and then issue a new cheque, but that's a significant delay and the estate likely wants to close its books before then.
Right, I understand the distinction. What I'm saying is that at my credit union, I can report that a certified check has been lost. They have a waiting period of like 5 days and will then reissue the check. I mentioned my experience with the expired check because that is when I spoke to them about it.