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Can you cash your check for January 3rd today the 31st?
No, a check dated in the future is a post dated check. Banks won't knowingly cash a post dated check.
Can you cash a check dated for next day?
Most banks and check cashing services will not cash "post-dated" checks until the date comes due on the date of the check. However, legally, some jurisdictions have laws that allow the negotiation of post-dated checks under the premise that the payee should be able to collect immediately when given a check.
What does a post dated check mean?
Postdating is to put a date on the check for some time in the future, not the current date. Technically a check is a contract, so if a person took a check into the bank and it was dated for tomorrow, they could not cash it.
Is it okay for a bank to cash a postdated check early?
In the United States, a bank may reserve the right to cash a check regardless of the date. Other countries may have their own laws on the matter. In India - a check cannot be cashed until the date mentioned on the check. If you have gotten a post dated check for let us say Jan 10 2011 (today being dec 29 2010) the bank cannot cash it until the 10th of Jan 2011.
Will banks refuse payment of stale check presented through clearing?
Yes. They will refuse payment. No bank will actually cash a stale dated check. Checks usually have a validity of 90 or 180 days (depending on the country) and after that date, the check is stale and worthless. No bank will accept such checks for cashing or cash it.
Can you cash your check for January 3rd today the 31st?
No, a check dated in the future is a post dated check. Banks won't knowingly cash a post dated check.
Can you cash a post dated check?
Yes, or you can deposit it in an ATM machine.
Can you cash a check dated for next day?
Most banks and check cashing services will not cash "post-dated" checks until the date comes due on the date of the check. However, legally, some jurisdictions have laws that allow the negotiation of post-dated checks under the premise that the payee should be able to collect immediately when given a check.
What does a post dated check mean?
Postdating is to put a date on the check for some time in the future, not the current date. Technically a check is a contract, so if a person took a check into the bank and it was dated for tomorrow, they could not cash it.
Is it okay for a bank to cash a postdated check early?
In the United States, a bank may reserve the right to cash a check regardless of the date. Other countries may have their own laws on the matter. In India - a check cannot be cashed until the date mentioned on the check. If you have gotten a post dated check for let us say Jan 10 2011 (today being dec 29 2010) the bank cannot cash it until the 10th of Jan 2011.
What is the law on Post dated checks in Texas?
Post-dated checks are generally legal and can be written in Texas. However, banks are not obligated to honor post-dated checks and may cash them before the specified date. It is recommended to communicate with the recipient of the check to ensure it is not cashed before the intended date.
What is a stale dated checked?
A check that is older than 90 days (or 180 days depending on the Country) is considered a stale or expired check. It is worthless and carries no value. You cannot cash such a check. Since the check is expired, the check issuing bank will not pay for it. Such a check is called a stale dated check
What is meant by the term post-dated cheque?
It's a check made out with a future date so you can't cash it yet.
What is the specific law in New Jersey regarding postdated checks?
It is legal to write a post dated check. The Uniform Commercial Code allows it. The UCC is the banking or commercial agreement for all 50 States plus DC and most territories. New Jersey may have its own banking laws but they will follow the UCC fairly closely. A post dated check does not become negotiable until the date written on it. http://www.law.cornell.edu/ucc/3/article3.htm#s3-113 Your bank may (and most likely will) accept a prematurely cashed check without pause. They are allowed to do that. under UCC 4-401. BUT It is illegal to present (cash) a post dated check. If cashing a postdated check early causes you an overdraft, then you may chase after the payee (who the check was made out to) for the damages. http://www.helpwithmybank.gov/faqs/banking_check_cashing.html WARNING Asking the payee to cover your damages may cause other problems so play carefully. If this is someone you need to keep on the good side, such as your landlord, you might just have to swallow the pain, but try talking to him and ask that they no longer cash your check early. Other payees might just like to drag it out, such as a mortgage company. Unless you have an express contract to allow them to cash a check on receipt, they can't. They might give you stories about policy and it is written on the back, etc, they would still have to show you agreed to those conditions.
Can you cash stale dated checks?
! Banks have no responsibility to review the date on a check to determine if it should be deposited, paid, refused or rejected (this is in Rules and Regulations provided when an account is opened); On a stale dated check, ifcustomer doesn't want check paid, they should place stop payment on it. This also applies to post dated checks. According the the UCC, a bank can refuse a stale dated or posted check. It is at the discretion of the financial institution.
Can a check be cashed if dated 210 days ago?
A check that is older than 90 days (or 180 days depending on the Country) is considered a stale or expired check. It is worthless and carries no value. You cannot cash such a check. Since the check is expired, the check issuing bank will not pay for it. So, you cannot cash a check that is 210 days old.
What is difference between post dated check and a check?
The date the check can be cashed . For example I wrote ( 5 ) post dated checks last winter to a company that handles my snow removal of my residence Each check was dated the last day of the month . ( November / December / January / February / and March ) That way the company could cash the checks at the end of each month if I went somewhere warmer for the winter
