Back dating checks frustrated dating
But I also can't imagine there is a person that manually reads every check that comes in, looking at the date. If no, how does the bank verify the date, or do they not?No specific country, I'm interested in hearing how ANY country's bank handles this.
The Uniform Commercial Code, a collection of business laws adopted or adapted by many states, gives financial institutions the right to process a correctly written check with a future date.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.An ATM deposit, and since most ATMs will not scan or OCR the check, is subject to verification with regards to the date, amount, payee name and proper endorsements.However, most banks -at their option- may either reject or negotiate a post dated check as if it has the current/past date on it.
He suspects his tenants do this to keep him from cashing their rent checks before they’ve been paid, so their rent checks don’t bounce.