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
Make a check payable to your name, and then cash it at the bank. You need a pen, a form of identification and a check from your checking account. The process takes under 5 minutes.Full Answer >
Putting cash in a safe deposit box is legal but may not be a good idea, according to Bankrate. There are no federal or state laws regarding keeping cash in such boxes. However, the cash in safe deposit boxes is not insured by the FDIC.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 >
To write a check, provide all requested information in the areas indicated on the check, and sign and date it. Writing a check is a simple task that takes less than five minutes to complete.Full Answer >