If there are multiple occasions of failed check deposits, the bank could even close your account and report you to Chex Systems, a consumer reporting bureau that tracks negative banking history.There’s the incentive for banks to process a post-dated check when I want to deposit it early. As you can see, there doesn’t appear to be any major enforcement of a post-dated check, so it can just be treated as a regular check for the most part.If the check is returned for insufficient funds, I have to pay an expensive insufficient funds fee, which averages .20 at the top 10 U. So, yes, you can deposit a post-dated check before the date shown, but it isn’t advised.
But, what if the check recipient doesn’t listen to my instruction and deposits the check before the written date?
I turned to Wells Fargo and Chase to help me answer that question. A banker said, “Generally, we would try to pay out the fund on the check even if it was post-dated.
Occasionally, I like to skim through Reddit’s personal finance section for any interesting money topics.
One recent, noteworthy topic had to do with post-dated checks and what happens to them when you attempt to deposit or cash the checks before the date written on them. If I were to post-date a check, it would probably be because I don’t yet have enough funds in my account to cover the check amount.
Be prepared for the possibility that the check funds won’t be available.Not only do you not want to incur an insufficient funds fee, you don’t want to go through the trouble of obtaining a reissued check.