Say you're running a little short of cash before payday. Although it may seem like a good idea to post-date a check in hopes of having money in the bank to cover it by the time it's presented for payment, think again. Many people post-date checks for everything from car payments to rent, and they think they’re safe because the bank can’t cash the check before the date written on it, right? Wrong. If you try this ploy you could end up with an overdrawn checking account, an angry payee and a ding to your credit.
Cashing a check before the date written on it is allowed. If you have notified your bank not to honor the check until a specific date, however, they may oblige.
Playing by the Rules
Avoiding the Hassle
Fees and Trouble
If your bank cashes your post-dated check early because you didn't tell it ahead of time that such a check existed, you could find yourself saddled with bounced-check fees, late payment charges and overdraft fees, all of which can add up to a big chunk of change. In some cases, you'll have no choice but to pay the fees. You could try calling the creditors who assessed the fees and ask them to waive the fee. Explain that you meant to have your bank present the check for payment only after a certain date. If this is the first time this has happened to you, and if your creditors are feeling generous, they may waive the fees.
What To Do Next Time
Avoid writing a post-dated check if you can. Ask the creditor to wait until you have the money in your account. You could give the creditor a specific date and ask them to wait for payment until then. You could also write the check with the date, but hang on to it yourself. When the day arrives, hand-deliver it or mail it to your payee. If your creditor won't take no for an answer and insists on getting the check right away, notify your bank, in writing, that you've written a post-dated check, and ask them to wait until the date on the check to cash it.
- Illinois Legal Aid: Can a Bank Pay a Post-Dated Check Before the Date on the Check?
- Consumer Financial Protection Bureau: Ask CFPB
- State of California Department of Justice. "Bad Checks." Accessed March 21, 2020.
- Consumer Reports. "Does Postdating a Check Prevent Anyone From Depositing It Early?" Accessed June 7, 2020.
- Consumer Financial Protection Bureau. "Can a bank or credit union cash a post-dated check before the date on the check?" Accessed June 7, 2020.
- Consumer Financial Protection Bureau. "My bank/credit union cashed a post-dated check even though I told them about the post-dated check before they received it. What can I do?" Accessed March 21, 2020.
- Bank of America. "Understanding Bank of America Interest Checking." Accessed March 21, 2020.
Cynthia Myers is the author of numerous novels and her nonfiction work has appeared in publications ranging from "Historic Traveler" to "Texas Highways" to "Medical Practice Management." She has a degree in economics from Sam Houston State University.