Postdated checks can usually be cashed or deposited at any time unless the person who wrote the check specifically told their bank not to honor the check until a certain date. Rather than writing a postdated check, it may be better to use online payment services or coordinate with your biller to move back the due date.
Can you forward date a check?
Postdating a check is done by writing a check for a future date instead of the actual date the check was written. It is legal for an individual to postdate a check, as well as for a bank to cash or deposit it.
Can you deposit a check before the date?
Yes. Banks and credit unions generally dont have to wait until the date you put on a check to cash it. However, state law may require the bank or credit union to wait to cash the check if you give it reasonable notice. Contact your bank or credit union to learn what its policies are.
Can you cash a check the day it expires?
Personal, business, and payroll checks are good for 6 months (180 days). Some businesses have “void after 90 days” pre-printed on their checks. Most banks will honor those checks for up to 180 days and the pre-printed language is meant to encourage people to deposit or cash a check sooner than later.
Is it good to postdate checks?
Post-dated checks are perfectly legal. If they werent, “pay day” lenders, and other crude forms of credit, couldnt exist. Only “properly payable” checks are supposed to be cashed by banks. But just about anything with the right signature on it is properly payable, including post-dated and overdrawn checks.
Does date matter on checks?
The date on a personal or business check can dictate the last opportunity the payee has to deposit or cash it. Banks are not obligated to cash checks more than six months after the check date, although they may choose to do so anyway.
What happens if you postdate a check?
Hintz says that only criminal intent, such as intentionally not having enough money for a payment, can be grounds for check fraud. However, postdating a check can lead to inconveniences and ill feelings for the payee, such as when a tenant sends a rent check and may or may not have the funds ready to be withdrawn.
What date do I write on check?
Write the Date in the Top Right Corner Make sure you enter the complete month, day and year on the line labeled Date. You can write out the date in full (for example, Sept. 1, 2020) or use numbers (9/1/20 or 09/01/20).
How far out can you postdate a check?
That means the bank must wait to cash the payment until the date stated on the paper or until six months is up, whichever comes first. But if the consumer gives oral notice to the bank, the institution must only wait 14 days before processing the note – even if that happens to be before the date on the check.
Does date on a check matter?
The date on a personal or business check can dictate the last opportunity the payee has to deposit or cash it. Banks are not obligated to cash checks more than six months after the check date, although they may choose to do so anyway.
Where is the date on a check?
Write the date on the line at the top right-hand corner. This step is important so the bank and/or person you are giving the check to knows when you wrote it.
What happens if you deposit a check after the date?
So, yes, you can deposit a post-dated check before the date shown, but it isnt advised. Be prepared for the possibility that the check funds wont be available. Not only do you not want to incur an insufficient funds fee, you dont want to go through the trouble of obtaining a reissued check.