Post dating checks in ny best consolidating company

Fraudsters often steal checks and use chemicals to erase ink so that they can change the amount of a check or change the payee line.Bank tellers are trained to look for signs of alterations.

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In fact, if a check has no date on it at all, it's assumed that it was written on the day that you attempt to cash it or deposit it.

If you receive an undated check you can fill in the date yourself.

There are several advantages to taking postdated checks in settlement of an account balance including these: 1.

The fact that you are holding a check that will be presented to the bank for payment on a specific date places a burden on the debtor to have funds on deposit when the check is presented. In the event that the check is dishonored and the customer is sued, the existence of the check makes it harder for the customer to argue that the debt was never owed. Even if a post dated check is not honored when it is first presented, there is always the possibility that the check will clear at its second presentment, or that the creditor can tender the check to the debtor's bank on a collection basis.

Bank tellers are supposed to look at the date before allowing you to cash or deposit a 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.If you write in the date yourself you may fall foul of your bank's fraud prevention procedures.Bank tellers handle hundreds or even thousands of checks on a daily basis.Maybe the writer wanted to wait until funds were in his or her account before giving you the go-ahead to cash the check.It's better and less expensive to find the reason for the missing date by contacting the check writer rather than finding out when the check bounces and your bank hits you with a returned check fee.Legally, banks can honor post dated checks at any time regardless of the date on the item.

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