whos dating josh groban - What is postdating a check

Unfortunately, the fact is that there’s generally no actual obligation to honor the date on a check.Although it might not seem right for a bank or credit union to disregard the date written on a check, they aren’t legally required to honor the request to postpone processing a transaction unless certain conditions are met by the check issuer. recently learned this the hard way when her bank processed a postdated check several weeks before she’d intended. had sent the check to a car dealership to cover the remaining

Unfortunately, the fact is that there’s generally no actual obligation to honor the date on a check.Although it might not seem right for a bank or credit union to disregard the date written on a check, they aren’t legally required to honor the request to postpone processing a transaction unless certain conditions are met by the check issuer. recently learned this the hard way when her bank processed a postdated check several weeks before she’d intended. had sent the check to a car dealership to cover the remaining $1,500 payout resulting from turning in a leased vehicle ahead of schedule.A Canadian bank, for example, is not supposed to process a post-dated cheque and if it does so by mistake, the cheque writer may ask his or her bank to correct the error.

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Unfortunately, the fact is that there’s generally no actual obligation to honor the date on a check.

Although it might not seem right for a bank or credit union to disregard the date written on a check, they aren’t legally required to honor the request to postpone processing a transaction unless certain conditions are met by the check issuer. recently learned this the hard way when her bank processed a postdated check several weeks before she’d intended. had sent the check to a car dealership to cover the remaining $1,500 payout resulting from turning in a leased vehicle ahead of schedule.

,500 payout resulting from turning in a leased vehicle ahead of schedule.A Canadian bank, for example, is not supposed to process a post-dated cheque and if it does so by mistake, the cheque writer may ask his or her bank to correct the error.

what is postdating a check-24

The Answer: My first question for you: Why do you want to close it so badly?

I can tell you generically that closing this account will not help your score.

If you won’t have the funds available at the time the check is written, you might consider postdating the check.

For instance, if you’ll be out of town when rent is due, but don’t have the funds to pay rent early, you might postdate your check.

That’s because once a check is signed it becomes legal tender, and, according to the Consumer Financial Protection Bureau, banks and credit unions can generally use their own discretion when deciding when to process a check – all without regard to the check’s printed date.

The only way to possibly prevent a postdated check from being processed early is to let everyone involved know in advance — and in a format that goes beyond just postdating the check.

The Question: I recently sent in my rent check early, as I usually do, with the date on the check reading Sept. The check was cashed by my landlord at his bank (Dollar Bank), and my own bank (Key) on Aug. There would have been enough money in there by Sept. One section, Article 4, 4/401(c), says: "A bank may charge against the account of a customer a check that is otherwise properly payable from the account, even though payment was made before the date of the check, unless the customer has given notice [such as stop payment] to the bank of the postdating." As far as whether it's illegal to postdate a check, it's not.

The rent check of 5 cleared, but wiped out my balance, which was supposed to cover other checks and ATM withdrawals. The Answer: This is an important lesson for people, and a potentially expensive one for you: It doesn't matter what date is on a check -- it can still be cashed. She noted that such matters are governed by the Uniform Commercial Code, which concerns general business practices.

In Bangladesh, under the negotiable instruments act, 1881 section 21C A promissory note, bill of exchange or cheque is not invalid by reason only that it is anti-dated or post-dated.

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