Postdating a check law wii updating do not turn the power off
A "check" is a negotiable instrument intended for immediate negotiating, NOT as a promissory note).
One should also keep in mind that, in some jurisdictions, writing a post dated check and if it were to arrive at the issuing bank earlier than it was dated for, and assuming the account it was drawn on has insufficient funds to pay the full amount, it can be subject to a criminal investigation and possible charges being filed by locale law enforcement.
Since banks charge an often exorbitant fee for a bounced checks, it is in their best interest to process it, let it bounce and charge the fee instead of rejecting it.
In fact this outcome is unavoidable if the check is processed by way of an automatic deposit (versus it being presented at the bank it is was issued against).
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Visit Stack Exchange As noted in another question, banks have different policies regarding post-dated checks before the post-date, although it seems most will accept the check as long as the check issuer hasn't contacted the bank.
If you do not want us to pay a stale-dated or postdated check, you must place a stop payment order on it.Our research, news, ratings, and assessments are scrutinized using strict editorial integrity.Our editorial staff does not receive direction from advertisers on our website or our Partnerships Team.You think to yourself, as long as the check doesn’t clear until then, you will be fine, so you postdate the check for the fourth. Postdating a check to a later date is not illegal, but the check recipient is not legally bound to wait until the postdate to cash it.You check your account the next day and find that not only did the landlord deposit your check, but it also cleared your account, triggering another unforgiving overdraft fee. The involved financial institution is not obligated to delay processing it unless the check writer provides a note on the postdate.