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There is no law that states postdated check can only be cashed after the specified date. Some banks will happily cash your check immediately and simply ignore t
by pi-e-sigma 3y ago
There is no law that states postdated check can only be cashed after the specified date. Some banks will happily cash your check immediately and simply ignore the future date on the check. There is no guarantee that you can always cache a check either. A check can be cancelled by the issuer at any time by making so called 'stop payment order'.
- mistrial9 3y ago> There is no law that states postdated check can only be cashed after the specified date. that is absolutely false IANAL
- pi-e-sigma 3y agohttps://www.helpwithmybank.gov/help-topics/bank-accounts/check-writing-cashing/writing-cashing-checks/check-writing-postdate.html#:~:text=Yes.,how%20to%20provide%20such%20notice https://www.helpwithmybank.gov/help-topics/bank-accounts/che....
- mistrial9 3y ago> Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). they say a Federal Bank can do that. I was talking about contracts between private parties (see above)
- pi-e-sigma 3y agoAny bank can do it and in fact you can google like a dozen different articles stating so. Seems you just don't like being proven wrong
- mistrial9 3y ago> > There is no law that states postdated check can only be cashed after the specified date. you neglected to say "bank" .. you said it as if anyone can do it. Look at what you wrote