Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co.
Compensation may impact which products we review and write about and how and where they appear on this site including, for example, the order in which they appear.Because they might not always have enough money in their accounts on the day they write those checks, some folks will postdate their checks so that they aren’t deposited or cashed until after that date.Unfortunately, the fact is that there’s generally no actual obligation to honor the date on a check.“[The dealer] would deposit the postdated check as stated, right? And because the bank processed the check before the date she’d written, M.’s account was overdrawn and she was hit with fees by her bank. to provide a postdated check, it also wasn’t illegal for the dealership to deposit the check or for the bank to take out the funds needed to cover that check, regardless of the date.
That’s because once a check is signed it becomes legal tender, and, according to the Consumer Financial Protection Bureau, banks and credit unions can generally use their own discretion when deciding when to process a check – all without regard to the check’s printed date.
The laws differ from state to state, but the short answer is yes.