What is an expired cheque?

An expired cheque is a cheque that is no longer valid for payment because it has surpassed the time limit set by the issuing bank. Typically, this limit is six months from the date written on the cheque. After this period, the bank may refuse to honor the cheque, and the payee must request a new cheque from the issuer. It's important for both parties to be aware of cheque expiration to ensure timely transactions.