What is the purpose of post dating a check louisiana t lynn 38 dating site

Posted by / 07-Nov-2018 04:09

What is the purpose of post dating a check

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.

But that might be hard to prove, and the amount involved—the bounced check fees—probably aren’t enough to sue over. If they weren’t, “pay day” lenders, and other crude forms of credit, couldn’t exist.

It’s also illegal to defraud somebody who sells you something by pretending to pay but never actually paying (or having the intention to do so).

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).

Microsoft Dynamics 365 for Finance and Operations supports the full management cycle for postdated checks in both Accounts receivable and Accounts payable, as shown in the following table.

Register the details of a postdated check that you issue to a vendor.

Register the details of a postdated check that you receive from a customer.

When the payment is posted, the customer receivable is credit, but the bank account isn’t yet debit.

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The checks usually aren't cashed until the first of the month and they clear my account on the second or third. Key and my landlord both said, "Too bad," and said postdating checks is illegal, anyway. There are no Federal Reserve regulations, which cover banking, that govern the payment of post-dated checks, said spokeswoman Anne Di Teodoro.