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Most people believe that banks cannot honor a check prior to the date written on a check. (These people are, to put it simply, wrong. Under US law, a bank may honor a post-dated check unless the account holder has specifically put them on notice of that particular check, generally by a procedure similar to that required for putting a stop payment on a check.)
The reason people post-date checks, then, is to keep them from being honored prior to a particular date.
You should HIGH LIGHT THE DATE! This is to make people LOOK at the date! In today's time, the world has forgotten the basics, do NOT count on that check being held until that date.
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What is the treatment of post dated checks to bank reconciliation?
debit to cash and credit to accounts receivables
What are the consequences for writing bad checks in pa?
If someone writes 4 bad checks that were post dated what charges would they be facing in this situation.
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
How do you write a letter to request to pull out post dated checks?
To write a letter requesting to pull out post-dated checks, begin by clearly stating your intention at the top of the letter. Include your account details and specify the checks you wish to cancel, mentioning their dates and amounts. Politely request confirmation of your request and provide your contact information for any follow-up. Conclude with a courteous closing and your signature.
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.
Is a post dated check illegal in Florida?
I worked in banking for years, and never heard of post dated checks being illegal.
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.
What is the law on Post dated checks in Louisiana?
In Louisiana, post-dated checks are generally considered valid, but they may not be enforceable until the date on the check. The issuer of the check should communicate its post-dated nature to the recipient, as banks are not obligated to honor a post-dated check until the date specified. If a check is cashed before its intended date, the issuer may have grounds to dispute the transaction. However, it's advisable for individuals to consult legal counsel for specific situations or disputes involving post-dated checks.
Are postdated checks illegal?
Are post-dated checks issuing allowed by the State law in Greece or it is forbidden? Tks for the answer. Massimo
Is it possible to have a post dated manager's check?
Yes, it is possible to have a post-dated manager's check, but it depends on the policies of the issuing bank. While manager's checks are typically considered guaranteed funds, banks may not honor a check that is post-dated. It's advisable to check with the bank to understand their specific rules regarding post-dating manager's checks.
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 is the treatment of post dated checks to bank reconciliation?
debit to cash and credit to accounts receivables
What are the consequences for writing bad checks in pa?
If someone writes 4 bad checks that were post dated what charges would they be facing in this situation.
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 law prevents collection agencies from collecting post dated cheques?
The law preventing collection agencies from collecting post dated checks is the Fair Debt Collection Practices Act. You can learn more about this at the Wikipedia.
Can a post dated check be cashed?
A post dated check can be cashed, but only when enough time has elapsed that the current date is equal to or later than the date of the check. Banks require a current date on checks.
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.
