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 >
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 bank can chose to honor a stop payment request on a certified check. The bank may be liable for damages relating to a wrongful dishonor if it chooses to enforce the stop payment request.Full Answer >
Go to the bank and request written certification that a check you plan to present is good. This takes the form of a written acknowledgment from the bank that the check itself is real and that enough money is present in the customer's account to cover the check upon deposit.Full Answer >