Postdated checks are written to be drawn from the checking account only after a certain date.
In other words, postdated checks only become "functional" after the date mentioned on the checks.
The rent check of 5 cleared, but wiped out my balance, which was supposed to cover other checks and ATM withdrawals. 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.
The checks usually aren't cashed until the first of the month and they clear my account on the second or third. Key and my landlord both said, "Too bad," and said postdating checks is illegal, anyway. There are no Federal Reserve regulations, which cover banking, that govern the payment of post-dated checks, said spokeswoman Anne Di Teodoro.
This means that the initial holder of postdated checks cannot use them until the date on the checks has come.
Banks are sensitive about dates on checks due to stale dating and post dating laws.
Banks aren't obligated to wait until the date on the check to cash it.
Any check that's properly made out and has your signature is treated as legal tender, and the bank is free to hand over the money to the holder of the check.
Laws exist relating to the dating of checks, but if a check is undated, it doesn't necessarily mean you can't cash it.
Banking laws in every state are based on the Uniform Commercial Code.