Post dating checks illegal california access azdg dating site
Make sure they know that the check is postdated, and verify that this is acceptable.If they deposit the check early and it bounces, your bank will charge you an insufficient funds fee (or overdraft charges, depending on your account).A postdated check is a check with a future date written on it. Two potential reasons for this include: No fraud allowed: There’s no law making postdated checks illegal.It is illegal to write a check when you know you don’t have the funds to cover it, but things get a little fuzzy – and details depend on state law – when you postdate a check (assuming it is accepted as payment).If you plan to write a postdated check, ask for permission before doing so.If your payment is rejected, you might be unable to buy a product or service that you wanted, you might have to pay late-payment fees, or there might be other consequences.That said, if you agreed to wait before cashing a check, it might be illegal to do otherwise.Ask why: It’s wise to communicate with whoever wrote the check – there’s probably a reason it’s postdated.
That allows your bank to place a hold on the funds instead of handing over cash immediately.The payee’s bank will also charge fees, and you might be required to pay fees or other penalties for paying with a bad check (late fees are also a possibility if your payment isn’t processed on time). A rejected payment (or an unexpected withdrawal from your checking account) can cause numerous problems.If you provide instructions to your bank and they pay funds from your account, your bank should be required to cover any overdraft charges that result, and you may have further recourse against your bank for other expenses you face.To postdate a check, use a future date on the check’s date line.Confirm with your bank: Just writing a future date doesn’t guarantee anything.