Building Your Business Business Banking Template for Outstanding Check Letter Notification, Request for Re-Issuance By Justin Pritchard Justin Pritchard Facebook Twitter Website Justin Pritchard, CFP, is a fee-only advisor and an expert on personal finance. He covers banking, loans, investing, mortgages, and more for The Balance. He has an MBA from the University of Colorado, and has worked for credit unions and large financial firms, in addition to writing about personal finance for more than two decades. learn about our editorial policies Updated on November 7, 2021 Reviewed by Michael J Boyle Reviewed by Michael J Boyle Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. learn about our financial review board Fact checked by Ariana Chávez Fact checked by Ariana Chávez Ariana Chávez has over a decade of professional experience in research, editing, and writing. She has spent time working in academia and digital publishing, specifically with content related to U.S. socioeconomic history and personal finance among other topics. She leverages this background as a fact checker for The Balance to ensure that facts cited in articles are accurate and appropriately sourced. learn about our editorial policies Photo: Dennis O'Clair / Getty Images The letter below can be used to communicate with people or organizations that have not deposited checks. Copy and paste the text into your letter, and review it with your attorney to determine if it will meet local laws and due diligence requirements. Update the information between the brackets ("[" and "]") to fit your needs. Sample Outstanding Check Notification [Today's Date] [Payee Address] Dear [Payee], Our records indicate that we issued a payment to you more than 60 days ago, and the check is still outstanding. The details of this payment are below: [Payment Date][Check Number][Payment Amount] Note that our policy is to void outstanding checks after 90 days. In addition, state law may require that we turn these funds over to the State of [State Name] as unclaimed property if we do not receive your response by [Deadline]. If you have the check, please deposit it immediately. If the check has been lost or destroyed and you need a replacement, please verify the information below and return this letter to us as soon as possible. Please issue a new check for the payment referenced above. I have not attempted to negotiate that check and will not attempt to do so. If I find the check referenced above, I will return it to [Company Name] immediately. I certify that I am entitled to the funds. Signed,___________________________[Payee Name]Date: _______________ Please call us at [Phone Number] with any questions. Sincerely, [Company Representative][Company Address] Important Information Unfortunately, you do not get to keep funds when checks go uncashed. If the recipient was entitled to those funds, they (or their heirs) are still entitled to the money. When funds go unclaimed, they often must be turned over to the state for safekeeping (known as escheatment) until they are claimed. If you operate a business, be sure to check with state and industry regulators to verify the requirements that apply to your check. You may have to include certain language or follow other rules related to unclaimed property. Payroll checks might be different from checks to vendors. You don't have to use the exact format above. Some organizations prefer to use a separate form where the recipient can request the re-issuance of a stale-dated check. In addition, you might want to include the option for the recipient to request that you don't re-issue the check, as they may have a legitimate reason for not depositing the check. The best way to find out about outstanding checks is to keep good books: reconcile your bank accounts regularly, and follow up on payments that have gone uncashed for too long. If you simply hold the money (intentionally or not), you can open the door to more problems and increased scrutiny from regulators. Was this page helpful? Thanks for your feedback! Tell us why! Other Submit Sources The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy. U.S. Securities and Exchange Commission. "Investor Bulletin: The Escheatment Process."