Is post dating checks illegal in illinois
According to the United States Uniform Commerical Code, a bank is not obliged to pay a check more than six months old.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.
These are all incredibly important questions for anyone on a fixed budget.
This hurt me twice because I, too, had added the money back into my checkbook. When I got home today, I looked up the actual law on stale checks.
It turns out that a bank can pay or return an old check as it sees fit.
Debt collectors and other businesses may be prohibited from processing a check before the date on the check, but most individuals are free to take postdated checks to the bank immediately.
That said, if you agreed to wait before cashing a check, it might be illegal to do otherwise.