The cheque was first cashed in July 2022 — and again in December 2023. Banks don't have to cash a cheque if it's too old, which is usually six months after the date it's issued.

Royal Bank of Canada Inc. (TSX:RY) has won a $6.4 million judgment from a business customer over an alleged cheque kiting scheme. Ontario’s Superior Court of Justice ruled in favour of the bank and ...