By Justin Pritchard Updated January 28, 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. In other words, you could postdate the check.
Two potential reasons for this include: The check writer is post dating check florida for something ahead of time — before the payment is due or the service has been completed, for example. Writing a Postdated Check No fraud allowed: 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 a product or service that you wanted, you might have to pay late-payment fees, or there might be other consequences.
Debt collectors and other businesses may be prohibited 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. Cashing a postdated check might be a challenge.
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Communicate with your payee about your needs and expectations for when the check can be deposited. Ask your bank about requirements and fees for postdating a check.
Write a date for the future on the dateline. Sign and submit the check.
Confirm with your bank: Submit a written request: To formalize your request, you may need to provide written instructions to your bank. The requirements depend on your state and your bank, so learn the rules before you write a postdated check. Communication saves money: Make sure they know that the check is postdated, and verify that this is acceptable.
If they deposit the post dating check florida early and it bounces, your bank will charge you an insufficient funds fee or overdraft chargesdepending on your account. 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.
Post dating check florida; what happens when you deposit a post-dated check early?
Alternatives to Postdating Checks If you have the option, it is best to avoid writing postdated checks. Even if your payee is honest, they may make the honest mistake of forgetting and leaving you with bad check fees.
Instead of writing a postdated check, try the following: If you need a few extra days for funds to clear in your account, ask your payee for an alternate payment date.
Sign up for automatic electronic payments — but only if you trust the payee.
The collector is demanding I pay by post-dated check. What are my rights?