What is postdating a check mean
The amount of the check will not be drawn from the account until the date written on the check.For example, a check written on the 14th of the month but dated for the 28th will not be cashed for another two weeks.I found that they had cashed a check that I had postdated three days early.To avoid any troubles, I send in my rent check early, but postdate the check with the date my rent is actually due.Isn't that basically what I've done by writing in the date?
It causes inconvenience to all parties - drawer, drawee and payee.Despite all this, Chase and other banks seem to be acting like postdating a check is an absurd idea that me and a few con artists just dreamed up. The inability to understand what a post-dated check means made them a lot of money.If you write a check with a date in the future written on it, so that the check cannot be cashed until the date on the check, then you have written a postdated check.In order to prevent your check from being paid until the date you wrote on the check, you must give the bank reasonable notice of the postdating by describing the check with reasonable certainty before the bank receives the check.In most instances this would mean you would have to: If you suffered losses because your bank cashed the check, despite you giving reasonable notice, then you should speak with an attorney to discuss your rights and remedies.
Maine has a statute that accepts postdating, but only if you notify the bank of your intent.