In what period must a Check be cashed? 

The check has expiration periods and once they pass, it cannot be cashed.

Checks have a deadline to be presented for collection, if these deadlines are expired, the bank has the obligation to protest them due to expiration, which is why the bearer of a check issued against a bank established in the country, must present it for collection within of certain terms counted from the date of issue.

To determine the term applicable to the case of a particular check, the concepts that must be taken into consideration are the office on which it was drawn, that is, the one in which the bank checking account was opened, and the place in which the check was drawn. check, regardless of the office where the document is presented for collection.

Now, if the check does not indicate the place of transfer, it is presumed to be drawn up in the square where the office on which it was drawn operates operates.

The deadlines are as follows:

• 60 days : In the case of a check drawn in Chilean currency and the drawee is in the same place of issue. This is, for example, a check corresponding to a current account in Santiago and issued in Santiago (that is, before the date the word Santiago is written), it has a period of 60 days to be cashed, regardless of the city in which it is presented for collection.
• 90 days : If the check is in Chilean currency and it is drawn within the country, in a place other than that of the drawee. That is, a check corresponding to a current account in Santiago and issued in Valparaíso (that is, before the date the word Valparaíso is written), it has a period of 90 days to be cashed, regardless of the city in which it is present for collection.
• 3 months : As it is a check in Chilean currency drawn abroad.
• 12 months : For a check drawn in foreign currency, regardless of the place of issue and payment.

If the check is not cashed within the periods indicated for each case (a fact that is not constituted by the mere deposit of the document in a bank for collection but by the presentation that it makes to the bank against which it was drawn), the bank before which the document is presented for collection cannot pay it, unless there is a written authorization from the drawer (revalidation of the check) or the extension of the term is applicable, which only applies in exceptional cases.