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In most cases, you can deposit or cash a postdated check early.Debt collectors and other businesses may be prohibited from processing a check before the date on the check, but most individuals are free to take postdated checks to the bank immediately.If you plan to write a postdated check, ask for permission before doing so.If your payment is rejected, you might be unable to buy a product or service that you wanted, you might have to pay late-payment fees, or there might be other consequences.The only way to possibly prevent a postdated check from being processed early is to let everyone involved know in advance — and in a format that goes beyond just postdating the check.Of course, even this preventative measure isn’t full proof, as rules governing banks vary from state to state depending on the two type of notification given, the CFPB says.A postdated check is a check with a future date written on it. Two potential reasons for this include: No fraud allowed: There’s no law making postdated checks illegal.
In addition to understanding the risks and potential issues with providing a postdated check as payment, consumers should be cognizant that it is illegal intentionally write a bad check.A postdated check offers the promise of controlling the uncontrollable: As time marches forward, you may wonder what the date on a check really does.Whether you received a postdated check or you’re thinking of writing one, it’s important to know how they work — and that they often don’t work the way you might expect. People usually postdate checks when they want the recipient (the person or business receiving the payment, also known as the payee) to wait before depositing the check.In Marcie’s case, it appears it was indeed “at the bank’s discretion” to process the payment when it was received.Still, she tells Consumerist that the bank in question agreed to remove the overcharge fees incurred as a result of the situation.