Is post dating checks illegal in illinois Adult goth chat room
We believe everyone should be able to make financial decisions with confidence. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.To do this, many or all of the products featured here are from our partners. So you date the check a few days in advance — also called postdating it — hoping your paycheck will clear by then. Here’s what you need to know about postdating and what you can do instead.If the check goes through, you’ll pay an overdraft fee.If it doesn’t go through, the recipient might charge you late fees and a bounced-check fee. “From a criminal law perspective, there is nothing inherently illegal about postdating a check,” says Eric Hintz, a criminal defense attorney at Hintz & Welsh in Sacramento, California.Financial institutions now send digital pictures of checks to other financial institutions, so they can be cashed more quickly.“In short,” says Mathew Dahlberg, a financial advisor at Main Street Investments in Kansas City, Missouri, “if you don’t have the money in your checking account, then don’t write the check!Hintz says that only criminal intent, such as intentionally not having enough money for a payment, can be grounds for check fraud.
elects to deposit the checks to can refuse to cash these checks and may return them to the issuing bank. can request that their bank reconfirm payment rather than returning the checks as unpaid.
He suspects his tenants do this to keep him from cashing their rent checks before they’ve been paid, so their rent checks don’t bounce.
Luckily for them, Foster waits to cash postdated checks, but he isn’t legally obligated. Banks and credit unions generally state rules about postdated checks in their account disclosures.
All of these charge lower than average overdraft fees and offer free ways to avoid that fee while still paying your bills.
» MORE: How to cancel a check It’s risky to rely on postdating or processing delays to ensure your check clears.
Checks dated six months after this payment date do not have to be honored by a bank pursuant to the Uniform Commercial Code in the United States.