Post dating check
A postdated check is a check with a future date written on it. But you could just as easily postdate it a week and write Jan. People usually postdate checks when they want the recipient (the person or business receiving the payment, also known as the payee) to wait before depositing the check. In general, you’d put the current date of January on the check. We believe everyone should be able to make financial decisions with confidence. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.To do this, many or all of the products featured here are from our partners. So you date the check a few days in advance — also called postdating it — hoping your paycheck will clear by then. Here’s what you need to know about postdating and what you can do instead.Find out if the check was intentionally postdated, and figure out a solution. Most people don’t do this, in part because of the additional fees to monitor the account and prevent payment before the specified date. Because there’s a possibility it won’t clear, you might have better luck depositing those checks.That allows your bank to place a hold on the funds instead of handing over cash immediately.Two potential reasons for this include: In most cases, you can deposit or cash a postdated check at any time.
If you’re unwilling or unable to pay your bank to monitor your account, you’re at the mercy of whoever you give the check to.Financial institutions now send digital pictures of checks to other financial institutions, so they can be cashed more quickly.“In short,” says Mathew Dahlberg, a financial advisor at Main Street Investments in Kansas City, Missouri, “if you don’t have the money in your checking account, then don’t write the check!In states that make a distinction regarding a felony or misdemeanor, the amount of the check usually determines if the crime is a misdemeanor or a felony.In several states the law provides for fines and or imprisonment, but does not specify if the crime is misdemeanor or felony.