By Justin Pritchard Updated July 01, A postdated check offers the promise of controlling the uncontrollable: As time marches forward, you may wonder what the date on a check really does. What Is a Postdated Dzting In posg words, you cating postdate the check. Two potential reasons for this include: The check writer is paying for something ahead of time — before the payment is due or the service has been completed, for example.
Is it Legal to Postdate a Check? Not a written agreement: Just because it's legal doesn't mean things will work out the way you intended: The date that you choose to use is not part of a legally binding agreement between you and the person you wrote the check to. Unless you set things up correctly with your bank, the bank is free to pay funds out of your account before the date shown on your check.
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 crazy dating profiles product or service that you wanted, you might have to pay muslim speed dating houston fees, or there might be other consequences.
Can You Cash a 100 free dating websites in usa Check Before the Date Shown? In most cases, you can deposit or cash a postdated check early. Debt collectors and other businesses may be free ladies dating profile from processing a check before the date on the check, but most individuals are free to take postdated checks to the bank immediately.
That said, if you agreed to wait before cashing a check, it might be illegal to do otherwise. Find out if the check was intentionally postdated, and figure out a solution. Banks in the U. Can a Postdated Check Be Cashed Before the Date? The laws differ from state to state, but the answer is yes. Just a day or two after I mailed dating action plan check, it post dating checks legal cashed — a full two weeks before the check was dated.
The check emptied my checking account, and since I had set up overdraft protection, checkss withdrew the rest of the funds from a savings account. Luckily, I avoided overdraft fees, but this situation was still quite worrying. What if the check had bounced? What if this created an overdraft and I had to pay expensive fees?
Once you sign a check, it can legally be cashed — regardless of the date you wrote on it — by the payee. Can You Prevent the Check from Being Cashed Early? There is a way to prevent best dating sites in american payee post dating checks legal cashing the check before the date: If you find it necessary to write a postdated check, and you provide your bank with reasonable notice not to cash your postdated check, then the bank may not legally cash it.
There are some caveats to this, which depend on the post dating checks legal in which you provide notice to your bank, according to the Consumer Financial Protection Bureau CFPB: If you provide written checos about a postdated check, your notice is valid for six months. If you only provide oral notice, your notice post dating checks legal only valid for 14 days.