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.

Is it legal to accept post-dated checks?

Post-dated checks are perfectly legal. Post-dated checks are a risky form of do-it-yourself credit. The main reason the law lets banks cash post-dated checks is that its too hard to look at checks for their date. Processing 45,000,000 checks a day is tough enough, without looking at dates.

Can a post-dated check be cashed early?

Can a bank or credit union cash a post-dated check before the date on the check? 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.

Why shouldnt you take a post-dated 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and ill feelings for the payee, such as when a tenant sends a rent check and may or may not have the funds ready to be withdrawn.

Where can I cash a post-dated check?

You can get post-dated checks cashed from most banks, credit unions, and check cashing stores .Here is a list of banks that will cash your post-dated check:Chase Bank.Wells Fargo.HSBC.Citibank.PNC Bank.KeyBank.BB&T.Bank of America.More items

Will Walmart cash a post-dated stimulus check?

Walmart does not cash post-dated checks because of the risk involved with processing these checks on the date specified. For example, a check may not go through due to a customer not having sufficient funds in their account on the date the check was to be processed for payment.

Can Walmart cash a post-dated check?

Unfortunately, Walmart does not cash post-dated checks. However, Walmart will cash all pre-printed checks that are not post-dated, including payroll, government, tax refund, and cashiers checks. Customers can cash post-dated checks at most banks, credit unions, and check cashing stores.

What does it mean when a check is post dated?

Postdating a check is done by writing a check for a future date instead of the actual date the check was written. This is typically done with the intention that the check recipient will not cash or deposit the check until the future indicated date.

Does Wells Fargo cash post-dated checks?

Wells Fargo: It makes it clear it will not wait until a certain date to cash a check that is postdated unless a stop-payment order is requested. You are also responsible for canceling the stop-payment order when the check can be paid.

Can someone else cash my stimulus check?

“Therefore, they cannot be signed over to another person or deposited into a bank account not owned by the recipient of the check.”