Is post dating checks illegal in florida
Our advice is that you shouldn’t post-date cheques because it is likely to be against the terms and conditions of your bank account.
Different banks have different policies, but the majority of banks discourage the practice of post-dating cheques.
In the past, before Direct Credits and online banking became available, if a business wanted to phase their payments the accepted way of doing this was to issue the person you wanted to pay with a series of post-dated cheques.
However these days businesses can set up a series of automated payments through their bank branch or through their phone or online banking service, specifying the dates when they want specific payments to be made, thus retaining control of their cash-flow.
If you want to make a person-to-person payment on a particular future date it may be preferable to set up a standing order or one-off automated payment using online, mobile or phone banking services.
To do this you will need the recipient’s account name and number, and sort code.
The habit of post-dating cheques goes back to when the only means of payment was by cheque or cash; i.e.
before the advent of automated payments such as Direct Debits and standing orders.
This is likely to be inconvenient to both you and the person or business you have given the cheque to.If your bank paid the cheque and increased your overdraft, you should speak to your bank about this, though you might find it was outside the terms and conditions of your account.If the payer’s account is closed, the paying bank would not be obliged to honour the cheque and you would need to ask for payment by another means.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.There are no specific rules on how banks deal with post-dated cheques if they are paid in before the due date.