You are here:
- Home
- Real Estate
- Banking: U.S.
- Using Banks and Bank Accounts
- post dated check
Using Banks and Bank Accounts/post dated check
Advertisement
Question
my wife did some services for a friend. and received a post dated check for March 1,2009. I know from my own
experiences, the issuer's bank will not tell you if funds are available in March. My bank just tells me to deposit it. But if it bounces. it can cause a lot of problems in my
account. should I just hope for the best or what???
You wait until March 1, 2009, to deposit the funds. That is why you should never accept a post dated check. Plus if the check bounces you cannot go after the person because the check was invalid when issued (therefore you knew it was not good).
Good luck.
Related Articles
- Facebook Security - How to Tell a Facebook Friend From a Facebook Hacker
- Where can I get technical support for ringtones issues?
- Where can I get technical support for ringtones issues?
- Funds Availability Basics - The Rules Around Holding Your Deposits and Funds Availability Policies
- Hold - Banking Glossary - How Bank Holds Work - Checking Account Holds
Using Banks and Bank Accounts
Answers by Expert:
Alexander J. Hay
Expertise
I am a U.S. lawyer with offices in Houston, Texas and in Belize. I can answer questions on U.S. Immigration, U.S. corporate law, and Offshore Tax and Asset Planning.
Experience
I am a U.S. attorney with offices in the United States and Belize. I have experience helping to protect assets, reduce taxes, and improve investment performance by utilizing global investment techniques.
Education/Credentials
Harvard University, A.B. degree; University of Houston Law Center, J.D. Degree; Fulbright Scholar
©2012 About.com, a part of The New York Times Company. All rights reserved.