If there are multiple occasions of failed check deposits, the bank could even close your account and report you to Chex Systems, a consumer reporting bureau that tracks negative banking history.
Now, if you’re the one writing a post-dated check, just know that it means nothing to post-date a check.
Have you ever deposited a post-dated check before the date shown?
What happened (did you ever encounter any problems with it)?
Occasionally, I like to skim through Reddit’s personal finance section for any interesting money topics.
One recent, noteworthy topic had to do with post-dated checks and what happens to them when you attempt to deposit or cash the checks before the date written on them. If I were to post-date a check, it would probably be because I don’t yet have enough funds in my account to cover the check amount.
If you wanted to avoid it, you should stress it to the person that receives the check, or just give the check to them when you actually have the money in your account.” Upon further investigation, I found a clause in the Wells Fargo consumer account agreement (page 23) that states: So, Wells Fargo may actually try to process the check, regardless of the date that is written on the check.
Essentially, I don’t see any point in post-dating a check — it is valid from the moment that I sign it.
A post-dated check is essentially a promise to pay, and until the business partner pays or reimburses amounts owed, no change is made in accounting books. Post dated cheques are cheques written by a drawer to be cashed in a date in the near future and are supposed to be kept until the date that they are supposed to be cashed and can be entered into your cashbook the same day they are supposed to be cashed Question already answered Please make sure that your answer is written in the same language as the question. You can't add content on Specialties because your account has been blocked for violating the terms of service.
But, what if the check recipient doesn’t listen to my instruction and deposits the check before the written date?
I turned to Wells Fargo and Chase to help me answer that question. A banker said, “Generally, we would try to pay out the fund on the check even if it was post-dated.
Curious as to what happens when I defy the concept of post-dating, I checked with banks to their rules on the matter. However, I do expect to have those funds by the date written on the check.
When you post-date a check, you put a future date on the check with the idea that the recipient does not deposit it until that written date. So, I post-date the check so that the check recipient knows not to deposit that check until that date.
The following question was submitted to John Roska, an attorney/writer whose weekly newspaper column, "The Law Q&A," runs in the Champaign News Gazette. The person didn’t wait to cash it like he was supposed to, and my bank paid it, which caused several other checks to bounce.