In most cases, you can deposit or cash a postdated check early.
There are one or two exceptions (like if you’re a debt collector), but most individuals are free to take postdated checks to the bank.
However, it’s best to communicate with whoever wrote the check – there’s probably a reason it’s postdated.
In most cases, they can deposit the check and – unless you set things up with your bank – the bank is free to pay funds out of your account before the date shown on your check.
What’s more, a postdated check might not be an acceptable form of payment. 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 IRS generally doesn’t accept postdated checks, and some universities won’t either.
Consider what happens if those payments are rejected.
There are a lot of things you can’t change in life, and the passage of time is just one of them.
But postdated checks seem to test the limits of our control.
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 illegal to write a check when you know you don’t have the funds to cover it, but things get a little fuzzy – and might depend on state law – when you postdate a check (assuming it is accepted as payment).Of course, it’s also illegal to defraud somebody who sells you something (by to pay, but never actually paying or having the intention to do so).You postdate a check by writing a future date on it.People typically do this when they want to give a check to someone but aren't certain they'll have enough money in their account until a certain date to cover it.State and federal laws cover the cashing and depositing of postdated checks, and laws vary from state to state.It's not illegal to postdate a check, unless you're attempting to commit fraud.