Postdating a check real time dating sites
Technically speaking, because I mail my check in, isn't this post dating it? My response: First of all, postdating a check is not "illegal." However, if you read the Uniform Commercial Code, a bank will take a check regardless of the date.So, if you've postdated a check, and the payee cashes the check, that's the date the funds will be taken from your account - - or if there are insufficient funds, then you'll be in hot soup.Cynthia Myers is the author of numerous novels and her nonfiction work has appeared in publications ranging from "Historic Traveler" to "Texas Highways" to "Medical Practice Management." She has a degree in economics from Sam Houston State University.One of the myths that somehow refuses to go away is the myth that post-dated checks are "illegal." They are not.
If your creditor won't take no for an answer and insists on getting the check right away, notify your bank, in writing, that you've written a post-dated check, and alert it to wait until the date on the check to cash it.
Banks aren't obligated to wait until the date on the check to cash it.
Any check that's properly made out and has your signature is treated as legal tender, and the bank is free to hand over the money to the holder of the check.
There is nothing illegal, inappropriate, unlawful, unethical, unprofessional, or unconscionable about a creditor asking a customer to issue a post dated check, nor is there any reason a customer cannot issue one or a series of post dated checks to clear a past due balance.
There are several advantages to taking postdated checks in settlement of an account balance including these: 1.
You could give the creditor a specific date and ask it to wait for payment until then.