Postdating check illegal ny
That’s because once a check is signed it becomes legal tender, and, according to the Consumer Financial Protection Bureau, banks and credit unions can generally use their own discretion when deciding when to process a check – all without regard to the check’s printed date.The only way to possibly prevent a postdated check from being processed early is to let everyone involved know in advance — and in a format that goes beyond just postdating the check.You postdate a check by writing a future date on it.People typically do this when they want to give a check to someone but aren't certain they'll have enough money in their account until a certain date to cover it.Thanks to automated payments and online banking, many of us rarely (if ever) write checks, but millions of Americans still pull out their checkbooks every day to pay their bills.Because they might not always have enough money in their accounts on the day they write those checks, some folks will postdate their checks so that they aren’t deposited or cashed until after that date. I didn't have money in my checking account due to me having to withdraw it to pay a hospital bill. but do need to be asked/told it is post dated so I'll hold it. the only problem is if you post date it and I want to cash it before that date... The date has nothing to do with the check other them for your accounting purpose.
“[The dealer] would deposit the postdated check as stated, right? And because the bank processed the check before the date she’d written, M.’s account was overdrawn and she was hit with fees by her bank. to provide a postdated check, it also wasn’t illegal for the dealership to deposit the check or for the bank to take out the funds needed to cover that check, regardless of the date. I had no other choice but to postdate and send in the check or I would go to jail, due to mathematical errors in balancing my check book when I wrote Kwick Trip 4 checks that I had mo idea that they were bad, not to mention it is the first time I've written a bad check so this is a bit scary for me. That way it gave me enough time to put money into my checking account at WCCU( Westby Co-op Credit Union).Thank you very much, Joe In my instance I had a dog that was vommitting for nearly 24 hrs and so I sent my boyfriend to the vet with the dog and a blank check since I had to go to work.Since he delivered the check to them prior to the date on the check, then it was certainly a post-dated "check" (I use the word check for lack of a better word because under NY law a post-dated check is not a check at all, except for the reasons we discussed above).