Postdating a check in florida

Rated 3.88/5 based on 565 customer reviews

If the check bounces the landlord may have certain civil remedies to help recuperate the promised funds.

Mary Lamphere writes travel, real estate, wellness, health and business content for a variety of online portals.

Unless you are 100 percent sure that the tenant can be trusted and that there will be funds to cover the check when it is ready to be cashed, it may not be a good idea to accept a postdated check.

The Uniform Commercial Code states that a bank may honor a postdated check provided the check is otherwise safe to cash and the account owner has not provided the bank with "reasonable notice of the postdating.

Here's the full text of the guideline: A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than six months after its date, but it may charge its customer's account for a payment made thereafter in good faith. If you have a stale check outstanding, contact your bank to determine their policy. I'm not sure what happened with the woman at my bank today.

In other words: the bank isn't required to pay a check more than six months old. When I became impatient and left, the manager was helping her. founded Get Rich Slowly to document his quest to get out of debt. Just smart money advice to help you reach your goals.

Why are Advertising Techniques important for your business?

Advertising techniques are very important for all businesses, as advertising is the main method of growing a business while obtaining name and What is a Corporation?

Lamphere holds a Bachelor's degree in business management and is an experienced author, content manager and editor.

It turns out that a bank can pay or return an old check as it sees fit.

According to the United States Uniform Commerical Code, a bank is not obliged to pay a check more than six months old.

Accepting a check that is postdated may provide the tenant with a legal defense that negates criminal intent even if the check doesn't clear.

As a landlord, collecting a check that has been postdated could be dangerous.

Leave a Reply