2006-09-12 06:01:42 · 10 answers · asked by Anonymous in Business & Finance ➔ Corporations
It's the bank that actually allows the cheque to be cashed....and no, they cannot cash a cheque before the date on it.
If this has happened talk to your bank, they're at fault and need to be made aware of their mistake.
P.S. In Canada it's NOT illegal to write a post-dated cheque. It does not mean you don't have the money in your account, just that you don't want it taken out until a specific date.
2006-09-12 06:08:21 · answer #1 · answered by Chatty 5 · 0⤊ 1⤋
Yes and the money will be withdrawn from the check's account, even if the date on the check is post dated. If you do not trust our answer, you can call your bank. Your bank will tell you that the date is only used as a reference and that it is only out of courtesy for people not to cash checks before the date posted on the check. There is not a formal rule or policy against it.
2006-09-13 16:55:03 · answer #2 · answered by Mariposa 7 · 0⤊ 0⤋
It is a felony to write a post dated check. Legally, the bank account must have the money to cash the check at the time it is uttered (written). The bank account must also have the money to cash the check at the time it is negotiated (given to someone). Banks receiving post dated checks will cash them immediately and not pay attention to the post date because the law says it is illegal to write them and the money must be available when they were negotiated. Writing a post dated check is punishable with 5 yrs. in prison. You won't get that much time unless you are a habitual bad check writer. You will most likely get probation the first time with an court order to pay the check off and pay court cost.
2016-03-26 22:02:20 · answer #3 · answered by ? 4 · 0⤊ 0⤋
sorry the answer is yes it is against the law to post date a check, so the corporation or anyone receiving a post dated check has the right to cash it.
2006-09-12 06:34:40 · answer #4 · answered by churchonthewayseniors 6 · 0⤊ 0⤋
Actually, I have heard that it is illegal to write a post-dated check, because you are presumably writing a check for funds you do not have. Corporations can cash post-dated checks if they want to. Usually they don't even notice that the date is in the future.
2006-09-12 06:08:47 · answer #5 · answered by alcachofita 3 · 1⤊ 0⤋
Yes it is, but the bank won't clear the check until the date passes.
It's not up to the corporation, it is up to the bank.
2006-09-12 06:56:05 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No. Technically it is illegal ( not a major crime lol) to write one. Sometimes, a pd check will be deposited too soon, and if the bank doesn't catch it, then it's cashed (or bounced). Sorry. Remember..you shouldn't have cut it to begin with.
2006-09-12 06:09:29 · answer #7 · answered by MALIBU93 2 · 1⤊ 0⤋
No. Once you sign the check it is a valid instrument. In some States, however, it is illegal to write post-dated checks.
2006-09-12 06:10:01 · answer #8 · answered by Helmut 7 · 0⤊ 0⤋
yes as long as they cash it when the check says
2006-09-12 06:07:30 · answer #9 · answered by sha scrilla 3 · 0⤊ 1⤋
everythings legal for dubya
2006-09-12 06:02:58 · answer #10 · answered by Anonymous · 0⤊ 1⤋