Is it illegal to post-date a check, so that it will be.
A post-dated check is an order to pay the bearer at a definite time in the future. Obligation of the Bank Although it is legal to post-date a check, the bank to which the check is presented for payment may charge the payor’s account even before the date of the check and even if doing so creates an overdraft.
Writing is a complex skill for every student. Actually, they need it to be in order to is it legal to write a post dated check successfully go through college. Not only students are intimate to the writing skills a lot of people are also eager to write a good article.
Yes. Writing a post-date check is perfectly legal anywhere in the world. But, cashing a post dated check is not. A check can be submitted for encashing only on or after the date mentioned on the.
A signed check immediately becomes legal tender that a bank can deposit or cash before the indicated date on the check. Therefore, a bank will be able to accept a check if it is dated and signed. Ask your bank or credit union for their specific policy for postdated checks in their account disclosures.
Someone can legally cash a check before the date printed on the front of it, unless you have alerted the bank ahead of time not to. It isn't uncommon to post-date a check, but it helps if the person receiving the check also knows he should hold on to the check until a specific date.
Post Dated Check Law and Legal Definition A post-dated check is one which has a date after today's, so as not to be able to be cashed immediately. A bank may in some cases pay a post-dated check before the date on the check unless the customer notifies the bank not to pay it.
Post-dated checks are perfectly legal. If they weren’t, “pay day” lenders, and other crude forms of credit, couldn’t exist. Only “properly payable” checks are supposed to be cashed by banks. But just about anything with the right signature on it is properly payable, including post-dated and overdrawn checks.
Re: Post Dated Checks. I am not aware of any statute making apost dated check illegal. What you may have misunderstodd is that the date on the check has little significance unless it ios more that 90 days ago. When you post date a check, in almost every case, you are not preventing the payee from cashing it before that date.
Can I Accept a Post Dated Check From a Tenant? Accepting a postdated check is legal but could be risky.. While it may be a crime for a tenant to write a check when there are insufficient funds.
If you write a check with a date in the future written on it, so that the check cannot be cashed until the date on the check, then you have written a postdated check. Unlike a normal check, a postdated check is not necessarily payable on demand.
So does a post-dated check have any valid use in a business or personal transaction? Does it provide any financial or legal protections at all? Yes, most definitely. You're writing a future date on the check, not past, to ensure that the check will not be deposited before that day.
For all practical purposes, there is nothing wrong with writing a post dated check. The person writing a postdated check may violate the law if the check is returned by the bank to the recipient because the maker’s account does not have the funds on deposit necessary to cover the check.
When you post-date a check, you put a future date on the check with the idea that the recipient does not deposit it until that written date. For instance, today is Jan. 1, but you actually write.
