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Federal law on post dating checks

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If it doesn’t go through, the recipient might charge you late fees and a bounced-check fee. “From a criminal law perspective, there is nothing inherently illegal about postdating a check,” says Eric Hintz, a criminal defense attorney at Hintz & Welsh in Sacramento, California.

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The loss may include damages for dishonor of subsequent items under Section 4-402.For proof of that, one need look no further than the closing of savings accounts due to violations of Federal Regulation D, which states that no more than six withdrawals may be made from any account classified as a savings in a one-month period.They call, they complain, I tell them it's a federal regulation, they go away.If someone could supply me with such a statute, I would be most greatly obliged. If, on the other hand, post-dated checks are not illegal but merely irrelevant, please inform me of that as well.My Google-Fu was quite apt at locating the Egyptian version of this law, but provided nothing on U. Not the answer I'm hoping for, but at least my explanation for it is already quite well-rehearsed. It's the long, drawn-out explanation given in the first paragraph of the OP.Consider these three strategies: » MORE: How to cancel a check It’s risky to rely on postdating or processing delays to ensure your check clears.

Financial institutions now send digital pictures of checks to other financial institutions, so they can be cashed more quickly.

So you date the check a few days in advance — also called postdating it — hoping your paycheck will clear by then. Here’s what you need to know about postdating and what you can do instead.

» MORE: How to write a check “It’s kind of a tricky scenario,” says Matt Foster, founder of the rental property search site i Rent and a landlord in Ventura, California.

If you write a check and don’t have enough money in your account when it’s cashed — whether or not it’s postdated — your bank can cover the payment or let the check bounce based on its overdraft practices.

If the check goes through, you’ll pay an overdraft fee.

And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward –- and free. " You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. You’re writing a check to your landlord, but you don’t have enough money in your account.