The New York Daily News notes that a bank can cash a post-dated check on the date it is received, unless proper notification is given by the account holder. In the event the bank cashes the check early, the account holder may be liable for any fees incurred.
Criminal Defense Lawyer reports that the laws governing cashing post-dated checks vary by state. In Georgia, account holders are required to inform the bank of a post-dated check prior to the bank receiving it in order to not be held liable for the check being cashed early. If an account holder gives vocal notice, the notice is valid for 15 days. If notice is given in writing, the notice is valid for six months. In West Virginia, the law requires that the recipient of a post-dated check not deposit the check before the date or pay any resulting penalties to the account holder, such as overdraft fees.Learn More
Cashing a check without a bank account may be accomplished by visiting the check-issuing bank, a grocery store or a check-cashing institution. Another option is to sign the check over to a friend or family member, although this practice is not always accepted by financial institutions.Full Answer >
According to Legal Match, it is legal to write a post-dated check; however, legal options are limited if the check is cashed early. In addition, if you accept a post-dated check that does not clear, most states do not apply check fraud laws to post-dated checks.Full Answer >
In most instances, banks cash checks for minors if their parent holds an account with the bank, providing the parent prints the child's name on the top endorsement line, and the account holder signs the second line. Some banks require printing the account number under the signature, according to BankingQuestions.Full Answer >
A check is generally considered stale dated if it was written more than six months prior to being presented to a bank or other financial institution. At this time, most banks have the option of refusing to deposit or cash the check, according to LegalMatch.Full Answer >