Punishment for perpetrators varies from state to state, but includes fines, probation and imprisonment, depending on the severity of the fraud, as well as restitution to the person, people or entity defrauded.If you want to write a postdated check just hoping it won't be cashed before a certain date, check your state's law first.Many of the offers appearing on this site are from advertisers who compensate us to be listed on our site.The results of our “banking comparison tool” are based on objective, quantitative and qualitative analysis of the banking products’ attributes and are not affected by compensation.Ask first: What’s more, a postdated check might not be an acceptable form of payment.You’re allowed to to pay with a postdated check, and businesses are allowed to reject those payments because you haven’t really made a free-and-clear payment.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.
You could go after the person you wrote your check to, on the grounds that he broke an agreement to hold off on cashing the check.
A postdated check is a check with a future date written on it. Two potential reasons for this include: No fraud allowed: There’s no law making postdated checks illegal.
It is illegal to write a check when you know you don’t have the funds to cover it, but things get a little fuzzy – and details depend on state law – when you postdate a check (assuming it is accepted as payment).
In most cases, the recipient can deposit the check at any time.
Unless you set things up correctly with your bank, the bank is free to pay funds out of your account before the date shown on your check.You can land in legal trouble if you intentionally postdate a check knowing there will be no money in your account or the account will be closed by the check's date.