Does post dating check mean

It’s wise to communicate first with whoever wrote the check—there’s probably a reason it’s postdated.If the account does not have sufficient funds, the check might bounce, and you might have to pay insufficient funds or overdraft fees to your bank.You can try to get those fees reimbursed by the check writer, but collecting from somebody who’s already low on funds can be time-consuming and expensive (possibly requiring you to take legal action). at least) typically pay on postdated checks unless the checking account owner specifically instructed them not to beforehand.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. In general, you’d put the current date of January on the check.Two potential reasons for this include: In most cases, you can deposit or cash a postdated check at any time.After that, the stop payment expires, and the check could potentially be paid.However, you might have the option to extend or renew the stop payment request.

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.How long: Your bank will typically continue looking for the check for six months.Bank policies differ, so be sure to confirm the specifics with your bank.In other situations, you might be putting yourself at risk.Talk with a local attorney if you’re thinking of stopping payment because of a dispute or similar situation.

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