Martin Luther King Jr., a Baptist minister and president of the Southern Christian Leadership Conference (SCLC), was the most prominent African American leader in the civil rights movement of the Skip to main content
Yes, cashierâs checks do expire. More Info: Many cashierâs checks will carry the expiration date directly on the note signifying how long you have to present the check for payment. Common expiration dates are 90 days or 180 days.or example, the check from the first 1955-56 season would be worth more than $8,000,000 today while a cashierâs check from the final 1959-60 season would amount to upwards of $7,000,000. In the Internet age, the use of fraudulent cashierâs checks has expanded greatly.
A cashier's check is a bank draft purchased by a bank customer and written on the bank's deposits, not the customer's. When a cashier's check is obtained, the exact amount of the check is deposited into the bank's general fund and a check is written off the funds in the bank's accounts. Even though these are guaranteed funds, bank policy may require that checks from another state or bank be held for 10 days or more because the bank must wait for the other institution to release the funds and clear the check. You can reduce or stop the hold on a cashier's check you're depositing by understanding the Check 21 Act, federal legislation that took effect in 2004 and set forth procedures for checks to clear near immediately through electronic means. credit: Comstock Images/Comstock/Getty Images.