General Question

flo's avatar

If you get a check from an employer but you never deposit or cash what can anyone do about it?

Asked by flo (13313points) February 8th, 2017

There is someone saying it is impossible for an employee to refuse to cash deposit the payment. How can it be impossible? There are and have been plenty of wealthy people working for $1/year.

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7 Answers

Espiritus_Corvus's avatar

I used to do that. I would go home and throw my paycheck in my sock drawer. I was working for the VA. After about 9 months, I was called into the accounting office, issued new checks and told to cash them immediately, becasue after 90 days they void them.

flo's avatar

@Espiritus_Corvus Okay but what if you still didn’t cash or deposit them?

Espiritus_Corvus's avatar

They become worthless. Void after 90 days. I suppose you could go to payroll and have new ones issued, but that becomes their perogative, not yours. It’s your tough luck if they choose not to issue new checks. They don’t like outstanding accounts payable on their books.

Strauss's avatar

In many states these types of funds are put aside as unclaimed funds. I recently got $1000 from the State of Illinois for a paycheck i never cashed in the 1970’s.

imrainmaker's avatar

Why wouldn’t you like to cash it in the first place? It’s not something in return that you worked for? Give it to charity if you don’t want it for yourself.

Tropical_Willie's avatar

I worked with a guy, thirty years ago, his wife was a lovely Doctor ($500,000 a year). He was making $250,000, I was in his office when accounting called and asked (on the speaker phone) why he had not cashed his payroll checks for the last 100 days. He opened the top drawer of his desk and had all the checks sitting on the right side of drawer. All three of us laughed and he promised payroll he would go out and cash the checks. He took us out to lunch after going to the Bank to deposit the checks

Espiritus_Corvus's avatar

@imrainmaker Who said I didn’t want the money? I was busy, work was all I did in those days and I loved my work. After work, all I wanted to do was go home and crash, not ride around in traffic doing errands. I didn’t trust direct deposit in those days and I lived on delivery. I didn’t need the money right away, so the checks went into the sock drawer. You see, when you’re working all the time, you don’t have time to spend money. There are greater priorities sometimes.

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