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What are the laws regarding post dated checks?
In the United States, post-dated checks are generally legal, but banks are not required to honor them. If a post-dated check is deposited before the date written on it, the bank may process it unless the account holder has provided the bank with written notice not to do so. It is recommended to communicate with the payee and your bank to ensure the check is deposited on the intended date.
Can a post-dated check be deposited before the post date?
yes it can be deposited since checks can be posted before their maturity date
What is the treatment of post dated checks to bank reconciliation?
debit to cash and credit to accounts receivables
What time does Bank of America post direct deposits?
At approximately 2am on the day it is scheduled to post.
Are post dated checks followed by banking prodecures?
I cant share about every bank but i know that is a post dated check is presented at the bank i work at we will not honor it. That said, if a post dated check is dropped in the night deposit or ATM machine we really have no choice but to process it. It is technically illegal to write a post dated check.
What time does Bank of America direct deposit?
At approximately 2am on the day it is scheduled to post.
Can you write a post dated check in T exas?
Yes, but as soon as the check is deposited, it will be paid. So, make sure you have the funds in the bank to cover it before you send it out.
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.
Payment address for Bank of America credit card?
Payments for a Bank of America credit card can be made online, by phone, in one of their banking centers or by post. For timely payments the address is, Bank of America, P.O. Box 15019, Wilmington, DE 19850-5019.
Is it legal to write a post dated check in Pennsylvania?
Yes, it is legal to write a post-dated check in Pennsylvania. However, banks are not obligated to honor post-dated checks, so there is a risk that the check could be deposited before the date written on it. It is recommended to communicate with the payee about the date the check should be deposited.
Are banks required to look for post dated checks?
If a bank has a check, than unless they've highly specific instructions to wait - and instructions that they've agreed to - they will cash it.
What is Japan Post Bank's population?
The population of Japan Post Bank is 12,060.
