Is post dating checks allowed

17-Nov-2019 02:45

While there's probably not one single rule, I've had a case where depositing a check failed (through my phone) because I deposited it a day before the date written on it (and it failed because of that).So they do have the ability to OCR the date - whether all of them do it or not is another [email protected] Banking is a regulated industry. This is a personal finance site, for you to ask about your finances, and presumably you bank in one country.As noted in another question, banks have different policies regarding post-dated checks before the post-date, although it seems most will accept the check as long as the check issuer hasn't contacted the bank.If a bank has a policy of NOT accepting post-dated checks before the post-date, and the recipient tries to cash the check at a teller, the teller can easily say no. The reader can't always read all handwriting, and I would imagine it would be bad UX to refuse the check because it couldn't read the date.Therefore, your employer did not post date the check, but you could not access funds on payday.Some states such as Oregon have less strict payday laws.

Since banks charge an often exorbitant fee for a bounced checks, it is in their best interest to process it, let it bounce and charge the fee instead of rejecting it.In fact this outcome is unavoidable if the check is processed by way of an automatic deposit (versus it being presented at the bank it is was issued against).A "check" is a negotiable instrument intended for immediate negotiating, NOT as a promissory note).Federal and state banking laws do not prevent banks from cashing checks prior to the date printed on the check.In some situations, you can sue your bank for damages if a bank employee cashes a check prior to the date written on it but bank employees do not violate any laws when they cash post dated checks.

Since banks charge an often exorbitant fee for a bounced checks, it is in their best interest to process it, let it bounce and charge the fee instead of rejecting it.In fact this outcome is unavoidable if the check is processed by way of an automatic deposit (versus it being presented at the bank it is was issued against).A "check" is a negotiable instrument intended for immediate negotiating, NOT as a promissory note).Federal and state banking laws do not prevent banks from cashing checks prior to the date printed on the check.In some situations, you can sue your bank for damages if a bank employee cashes a check prior to the date written on it but bank employees do not violate any laws when they cash post dated checks.One should also keep in mind that, in some jurisdictions, writing a post dated check and if it were to arrive at the issuing bank earlier than it was dated for, and assuming the account it was drawn on has insufficient funds to pay the full amount, it can be subject to a criminal investigation and possible charges being filed by locale law enforcement.