Is postdating a check illegal in michigan


20-Oct-2020 05:09

Essentially, I don’t see any point in post-dating a check — it is valid from the moment that I sign it.Then, I spoke with a friend who happens to be a Chase banker, who generalized what a teller would do if a customer came in to deposit or cash a post-dated check before the date shown.We've always paid the total balance due each month.The Answer: My first question for you: Why do you want to close it so badly?

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The checks usually aren't cashed until the first of the month and they clear my account on the second or third. The Answer: This is an important lesson for people, and a potentially expensive one for you: It doesn't matter what date is on a check -- it can still be cashed. She noted that such matters are governed by the Uniform Commercial Code, which concerns general business practices.

Occasionally, I like to skim through Reddit’s personal finance section for any interesting money topics.

One noteworthy topic had to do with post-dated checks and what happens to them when you attempt to deposit or cash the checks before the date written on them. If I were to post-date a check, it would probably be because I don’t yet have enough funds in my account to cover the check amount.

The Question: We've had a GM Master Card for 14 years and have purchased two cars with our "earnings," most recently in February. What can you tell us about the wisdom in closing this account?

Are we in jeopardy of a change in our credit score, which is in the 800 range?

But, what if the check recipient doesn’t listen to my instruction and deposits the check before the written date?