Compliment of automatic re payments and online banking, a lot of us hardly ever (if ever) write checks, but scores of People in the us still pull away their checkbooks every single day to cover their bills.
That they arenвЂ™t deposited or cashed until after that date 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. Regrettably, the truth is that thereвЂ™s generally speaking no real responsibility to honor the date on a check. They arenвЂ™t legally required to honor the request to postpone processing a transaction unless certain conditions are met by the check issuer although it might not seem right for a bank or credit union to disregard the date written on a check. Consumerist audience M. recently discovered this the hard method when her bank processed a postdated check weeks before sheвЂ™d meant. M. had delivered the check to a vehicle dealership to pay for the residual $1,500 payout caused by switching in a vehicle that is leased of routine. вЂњSince we were still short a few hundred bucks, why don’t you cover a lot of the payout, and deliver a postdated look for the others down the road,вЂќ she informs Consumerist. вЂњ[The dealer] would deposit the check that is postdated reported, right?вЂќ Incorrect. And as the bank processed the check prior to the date sheвЂ™d written, M.вЂ™s account ended up being overdrawn and she had been struck with costs by her bank. Continue reading “Does Postdating A Check Prevent Anybody From Depositing It Early? Because of automatic re re payments and online banking, a lot of us seldom (if ever) write checks, but an incredible number of People in the us nevertheless pull their checkbooks out every single day to pay for their bills”