@dmertz It's constructive receipt, but I've seen several cases where the financial institution does not actually 'close' the account If the check was never cashed. In other words, they may not treat it as a distribution if the check was NEVER cashed (if the check was cashed late, they probably treat the distribution as on the date of the check). I've sure it varies by financial institution, but it may be worth it to check if that could be the case.
