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.Know More
According to Nolo, unless you give your bank reasonable notice not to pay the post-dated check until the given date, the bank can cash it when it is presented. According to the Consumer Financial Protection Bureau, this notice is valid for up to six months.
Debt collectors and creditors often ask for post-dated checks or payments. The Fair Debt Collection Practices Act prohibits debt collectors from cashing post-dated checks early, states Nolo. In addition, if a creditor cashes a payment early, a complaint can be filed with the Federal Trade Commission.Learn more about Banks
A manager's check is a secure check that a bank issues for an individual who has purchased it. All parties involved in a transaction benefit from the use of a manager's check.Full Answer >
Republic Bank verifies checks using submitted check information, including the last four digits of a Social Security number, name on the checking account and check amount. Financial institutions and individuals using its check verification system must enter an authorization number, and use the correct verification portal.Full Answer >
If child support money is received in the form of a check, then a bank will cash the check as long as the person in question has an account with the bank or the check was written by that bank. Not all child support money is received in the form of a check, however, as there are electronic wired transfers and debit card programs for support payments as well.Full Answer >
The cases where disability checks can be garnished are limited to back income taxes, child support and in some cases alimony. Disability is exempt from any other kind of garnishments.Full Answer >