It sounds so convenient. Write out the check when it's convenient for you, give it a date in the future that corresponds to when the obligation is really supposed to be paid, and get it out of your hair. Perhaps you're thinking of prepaying your rent. Or maybe you want to give a year's worth of child support payments in 12 postdated checks so you don't have to deal with your ex-spouse. Could be that payday's around the corner, you want to buy something now, and the seller has suggested you just write a check today and date it for payday.
If the check is held until its date, everybody's happy. The fact is, either deliberately or unintentionally, postdated checks are often presented before they are supposed to be and the effect on your bank account can be devastating.
In this podcast, Mary Beth Guard and John Burnett explain what can go wrong when you write a postdated check and they tell you about a little-known legal provision that can save the day.
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