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Deciding When To Place A Stop Payment On A Lost Check

Monday, April 30, 2012 - 6:18 AM
Several years ago I mailed a check for deposit to my brokerage account, and it was never received by the broker. After a month I decided to pay for a stop payment on that check. Sometimes those stop payments can be a waste of money if the checks aren't really lost. This Len Penzo blog post has an amusing story of how he almost wasted $40 on stop payments on two checks that he thought were lost.
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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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