Only “properly payable” checks are supposed to be cashed by banks.
But just about anything with the right signature on it is properly payable, including post-dated and overdrawn checks.
Am I responsible for all the bounced check fees, since the checks wouldn’t have bounced if the bank had waited like it was supposed to before cashing it?
The bank’s not responsible, since the law lets banks cash post-dated checks before the date on the check.
Register the details of a postdated check that you receive from a customer.
The following question was submitted to John Roska, an attorney/writer whose weekly newspaper column, "The Law Q&A," runs in the Champaign News Gazette. The person didn’t wait to cash it like he was supposed to, and my bank paid it, which caused several other checks to bounce.It’s also illegal to defraud somebody who sells you something by pretending to pay but never actually paying (or having the intention to do so).Not a written agreement: Just because it's legal doesn't mean things will work out the way you intended: The date that you choose to use is not part of a legally binding agreement between you and the person you wrote the check to.Postdated checks are checks that are issued to make and receive payments on a future date.Therefore, the check can't be cashed until the specified date.