Single Post-Dated Payment Viewing The Debtor Form Multiple Post-Dated Payments Creating Multiple Post-Dated Transactions Revolving Post-Dated Payments Post-Dated Payment Received Manually Posting A Payment Automatically Posting A Payment Printing Post-Dated Checks When An NSF Check Is Returned Reviewing Unfulfilled Promises Summary See Also Setup Transaction Types Post A Transaction Post A Debtor Payment Post Fees Make An Interest Adjustment Setup Amortized Interest Use The Amortization Schedule Report Collector Commissions Cancel Letters After Payment In Full Exclude Multiple Transaction Types From Reports Learn More About Managing Finances In Collect!
If you’re going to write a postdated check (or receive one), here are some things you should know!
When you postdate a check, you put a future date on it.
For instance, if you write a check on June 1 but date the check June 25, you are postdating the check.
If you won’t have the funds available at the time the check is written, you might consider postdating the check.
For instance, if you’ll be out of town when rent is due, but don’t have the funds to pay rent early, you might postdate your check.
However, keep in mind that it is illegal to intentionally write a bad check; if you’re postdating it with the intention of canceling it before the date, or if you know for certain that you won’t have the funds, you could run into legal trouble.The laws differ from state to state, but the short answer is yes.Once you sign the check, it becomes legal tender, so it’s 100% legal for a bank to cash a postdated check before the date on it.I postdated my check because I didn’t want to miss the due date, and I intended to transfer the funds closer to the date I wrote on the check.Just a day or two after I mailed the check, it was cashed – a full two weeks before the check was dated.The check emptied my checking account, and since I had set up overdraft protection, it withdrew the rest of the funds from a savings account.