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Because there’s a possibility that the check won’t clear, you might have better luck depositing those checks.That allows your bank to place a hold on the funds instead of handing over cash immediately.The payee’s bank will also charge fees, and you might be required to pay fees or other penalties for paying with a bad check (late fees are also a possibility if your payment isn’t processed on time). A rejected payment (or an unexpected withdrawal from your checking account) can cause numerous problems.

It is illegal to write a check when you know you don’t have the funds to cover it, but things get a little fuzzy – and details depend on state law – when you postdate a check (assuming it is accepted as payment).Ask first: What’s more, a postdated check might not be an acceptable form of payment.You’re allowed to to pay with a postdated check, and businesses are allowed to reject those payments because you haven’t really made a free-and-clear payment.Make sure they know that the check is postdated, and verify that this is acceptable.If they deposit the check early and it bounces, your bank will charge you an insufficient funds fee (or overdraft charges, depending on your account).

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