So, yes, you can deposit a post-dated check before the date shown, but it isnt advised. Be prepared for the possibility that the check funds wont be available. Not only do you not want to incur an insufficient funds fee, you dont want to go through the trouble of obtaining a reissued check.
Can we deposit pre dated cheque in bank?
When an individual hands it to the bank for payment after it has expired, a cheque is considered to become stale. The validity of the cheque is three months from the date of the issuance. When the period of validity ends, the check becomes Stale. Such cheques cannot be submitted to the bank for payment.
Is it illegal to postdate a payroll check?
In many states, including California and Hawaii, your employer cannot post date your payroll check. If your employer writes payroll checks on an out of state account, your bank may hold your check for up to seven business days.
Can you give someone a post dated check?
Post-dated checks are perfectly legal. Only “properly payable” checks are supposed to be cashed by banks. But just about anything with the right signature on it is properly payable, including post-dated and overdrawn checks. Post-dated checks are a risky form of do-it-yourself credit.
Is a post-dated check negotiable?
As a bill of exchange a post-dated cheque remains negotiable but it will not become a cheque till the date when it becomes payable on demand.
Can you cross out pay to the order of on a check?
Put simply, no, you should never use white out on a check. Banks consider this tampering, and therefore, will not accept it. Rather, you should cross out the mistake on the check, correct the mistake directly above it, and then initial the correction. When in doubt, you can void the check and write a new one.
What happens if a cheque is post-dated?
So, the story of the post-dated cheque is that you dont have sufficient balance on the date the drawee demands the sum from you and you issue him a post-dated cheque with a future date. This is kind of giving assurance to the recipient or the drawee that on this future date, the payment will be honoured.
Can I cash a check if its not in my name?
Banks will allow you to cash or deposit a personal check for someone else. Check with the person who is depositing the check if their bank will accept a check that has been signed over. If so, sign your name on the back of the check.