Is postdating

Posted by / 08-Sep-2017 20:30

Is postdating

Writing a postdated (PD) check is legal in Texas and all other U. states; therefore, cashing it before the date on which it is due for payment is not legal.

However, many banks do cash checks presented before the due date, and may not be held liable unless certain steps have been followed to prevent them from doing so.

However, in some circumstances if you give the bank reasonable notice, they will be prevented from cashing it until the date on the check.Different banks have different policies, but the majority of banks discourage the practice of post-dating cheques.Many state in their terms and conditions that post-dated cheques should not be written, while some include a note at the front of chequebooks, saying post-dated cheques should not be written.Commercial organizations often state on their invoices that they do not accept PD checks and all checks will be deposited immediately.This is an exclusion clause to protect them from legal action.

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