Business, Management, and Financial

Stop Payment

Occasionally, it may be necessary to stop payment on an uncashed check. The check may or may not be reissued to the individual or entity. The uncashed check may be applied to an existing balance or remitted to Kansas Unclaimed Property, if applicable.

This policy establishes the level of financial risk the College is willing to assume when determining whether to place a stop payment on an uncashed check. Because stop-payment fees may change over time, the threshold established by this policy may be adjusted accordingly.

For checks in the amount of $15 or less, the College may elect not to place a stop payment and will assume the financial risk that the original check may subsequently be presented for payment. This could result in duplicate payment if the funds have already been reissued, applied to an existing balance, or remitted to the Kansas Unclaimed Property program. A stop payment will be placed on uncashed checks greater than $15 before the funds are otherwise reissued or remitted.

Revision History

• Revised: October 2026. Clarified procedures and financial risks associated with uncashed checks. Established that the College may elect not to place stop payments on checks of $15 or less, while requiring stop payments on checks exceeding $15 before funds are reissued or remitted to the Kansas Unclaimed Property program.
• Reviewed: November 2020.
• Added: July 2017.