What is postdating a check
First, let’s look at why you would want to postdate a check.Most of the traditional reasons you would want to write a postdated check are a bit out of date; it may be easier to simply use direct deposit, electronic transfers, or coordinate directly with the payee.This could be so that your landlord doesn’t cash it until your paycheck clears, and your checking account has the necessary funds.Unfortunately, this is not always honored by banks or the organization cashing the check.
If you attempt to postdate a check without funds in your account, you will be held liable for the amount owed and could possibly pay fines and be put in jail.
If you do make a written request to your bank, you must include your account number, check number, the amount owed and the recipient’s name. Jim loves to write, read, pedal around on his electric bike and dream of big things.
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If you have ever written a check and made it payable to someone but included a future date, you have postdated a check.
The most common reason why you would postdate a check is if you are unsure about the number of funds that you currently have in your account.