Pre dating checks

Because I make most payments (like my mortgage) online, it’s not too often that I bust out the checkbook.A few weeks ago, however, I wrote a check and got a nasty surprise in my bank account.Luckily, I avoided overdraft fees, but this situation was still quite worrying. What if this created an overdraft and I had to pay expensive fees?Once you sign a check, it can legally be cashed – regardless of the date you wrote on it – by the payee.For some individuals there will have been mitigating circumstances such as losing their job, serious illness or family problems and others may be able to demonstrate steps they have taken to avoid further judgements in the future.

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After the initial period of panic, grief and anger toward the bank and the person who had cashed the check, I did some serious digging into the regulations surrounding postdated checks.

If you’re going to write a postdated check (or receive one), here are some things you should know!

In your notice, you’ll want to provide information such as the name of the payee, your account number, the check number and the amount of the check.

There are some caveats to this, which depend on the manner in which you provide notice to your bank, according to the Consumer Financial Protection Bureau (CFPB): So what happens if the bank cashes your check despite your reasonable notice?

186 comments

  1. Post dating is often covered in the terms and conditions of your bank. In short however, as soon as you issue a cheque, it is valid to be cashed immediately. Best.

  2. If the bank does not spot that the cheque has been post-dated the. The habit of post-dating. So the safest practice is not to write post-dated cheques.

  3. Predate definition, to date before the actual time; antedate He predated the check by three days. See more.

  4. See how and when postdated checks can be cashed. These checks often don't work the way the check writer intended. Extra steps are often required.

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