Cashing Checks More than 90-Days Old

LAST UPDATED: May 31, 2017

What You Should Know

Checks more than 90-days old are considered “stale dated”. Checks issued by the University that are less than three years old, can be cashed or reissued. Checks more than three years old cannot be reissued by the University, but you may be able to claim the amount.

Checks Two Years Old or Less

Any stale dated check issued by Princeton University during or after 2014, can be cashed at the Bank of America at the corner of Witherspoon and Nassau Streets in Princeton, NJ. This financial institution has been instructed to honor stale dated checks from the University.

If you can’t get to this Bank of America branch, mail the stale dated check back to payroll along with a Request for Payroll Check Stop Payment. Once payroll receives the check, the check will be voided, reissued, and mailed to the address you provide on the form.

Checks More than Two Years Old

Checks issued more than three years ago may not be reissued by the University. In compliance with New Jersey’s escheat laws, funds backing checks more than three years old are considered unclaimed property.

Every state has escheat laws that affect unclaimed or abandoned property. In general, the laws require that property, including the funds from uncashed and/or unclaimed payroll checks, be turned over to the state after a designated period. That period varies from state to state; in New Jersey it is three years.

The state then holds the property, in this case the uncashed check, for the owner or heirs until a claim is filed to collect the property. To claim a check issued by the University more than three years ago, go to State of NJ- Department of the Treasury - Unclaimed Property.

For more information

Tags: Payroll

 

CONTACT US

finance@princeton.edu
Tel (609) 258-3080
Fax (609) 258-0442

Princeton University
Office of Finance & Treasury
701 Carnegie Center
Princeton, NJ 08540

Google Map
Princeton Shuttle

FINANCIAL SERVICE CENTER

7 New South
Tel (609) 258-3080
Fax (609) 258-5040
Open Monday through Friday,
8:45 am — 5:00 pm

SERVICES INCLUDE

Customer service, cashiering,
check pick-up, financial system access

FINANCE NEWSLETTER

The General Ledger is your link to updates on people, policies, and other information related to financial transactions at the University.

Download Current Issue
Download Past Issues
Subscribe

WE WANT YOUR FEEDBACK!

How can we better serve you? Submit comments, questions, and ideas to our customer service department.

finance@princeton.edu