Wednesday, November 04, 2009
Just Learned Important Banking Law I Never Knew
Post-dated checks are only suggestions, not commands. A check is valid once it is signed, regardless of the date so long as 90 days from the date has not passed. The post-dated check my bank cashed a week early was completely within their right and it seems it was actually MY error for not telling them not to cash it early. Basically, it is not my bank that has screwed me, but my homeowner's association. I can't trust anyone anymore.