AboutJim Meadows Expertise I can respond to most questions concerning consumer and business relationships with US financial institutions. My expertise touches on deposit and loan issues and particularly on strategies to navigate through bank policies personell and practices. I have a degree in Economics, attended law school, Graduate Shool of Banking, and Commercial Lending and Compliance Schools.
Experience I have twenty years experience as a bank CEO. Most of those years were spent operating a bank focused primarly on serving consumer/retail needs. I helped pioneer deposit and loan products for low/moderate income individuals. I currently serve on multiple bank boards and am Chairman of a Commercial Bank in Atlanta.
Question I have a few questions for my particular situation...I wrote a post dated check to my mother and she cashed the check by mistake. This check also caused another check to bounce costing my $68.00 in fees. After speaking with the manager, nothing could be resolved. They told me it is illegal to write a post dated check...so my questions are...Is it illegal to write a post dated check? Is it legal for my mother's bank to accept and cash a post dated check? Is it legal for my bank to process a post dated check? Is there anything I can do about this?
FYI I live in Pennsylvania, I don't know if the laws change form state to state! =)
Answer Jen, Since 1996 most states have changed their banking code to allow banks to ignore "post dating' when paying a check unless furnished with prior written notification by the drawer of the check. This would seem to let your and your Mom's banks off the hook. I'm not sure its illegal to write a post dated check but that fact doesn't seem to offer you any help. Sorry, I can't see any recourse. Jim
