I used to sent a check to bank to pay my home mortgage week before my last day to make sure it will arrive on time but on the check I put the date with my almost last day that is due. I was fine since now this month I sent a check with a 10/13/06 on it but the bank took money on eleventh costing me a charges for not having enough money on my account to cash the check. When I went to the bank they told me I can't sent a check with late date on it and that they are allowed to cash the check whenever they receive it is it true? Can they cash it even that the date on the check is in couple days in advance and is it true that I can't sent checks with advance date on it.
2006-10-12 09:22:59 · 7 answers · asked by Aniol 1 in Business & Finance ➔ Personal Finance
yes, they can cash it whenever they get it!!
2006-10-12 09:26:51 · answer #1 · answered by Baby #1 born August 2009 6 · 0⤊ 0⤋
Yes, they can cash a post-dated check. The date is not legally binding.
From a legal standpoint, you MUST have the funds IN YOUR ACCOUNT when you write the check. Your signature on the check is your guarantee that the money is already in the account.
2006-10-12 09:30:55 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Yes they can cash a postdated check. The date is for recordkeeping. There's not a rule saying they can't cash it early. It's a courtesy not to cash it.
2006-10-12 09:35:44 · answer #3 · answered by Mariposa 7 · 0⤊ 0⤋
Yes it's true: the date on the check is meaningless in terms of when the payee can deposit or cash the check.
2006-10-12 09:26:08 · answer #4 · answered by nt650_999 1 · 0⤊ 0⤋
while you're in foreclosures and function distinctive previous dues, the financial employer does not ought to settle for the value verify. while you're writing a pair of ordinary value, call the customer provider form and notice if the verify develop into won they could desire to have a minimum of that education. in the event that they have not have been given any checklist cancel the verify and make a value over the telephone. this is going to value you further money yet will shop your credit.
2016-12-08 13:42:11 · answer #5 · answered by ? 4 · 0⤊ 0⤋
you post dated a check and banks don't do anything with these anymore except cash it in.
2006-10-12 09:47:32 · answer #6 · answered by koifishlady 4 · 0⤊ 0⤋
Yes, it's true - it is not legal to postdate and check and whenever the receiving party gets it, it is theirs to deposit/cash/spend/etc.
2006-10-12 09:31:57 · answer #7 · answered by KB 2 · 0⤊ 0⤋