Ri general laws post dating checks
Learn more about overdraft fees in our article, How Much Can I Overdraft My Checking Account?
The Answer…Here’s our list of places where you can cash a postdated check, plus information on potential fees you may encounter as a non-account holder.
In short, the CFPB states that banks and credit unions don’t have to wait until the date on a check to cash it.
This means you can cash or deposit a postdated check as soon as you receive it.
The prescribed numbers of days for the various states are:- 5 Days In many states the criminal provisions regarding bad checks do not apply to post-dated checks.
Because post-dated checks are a promise to pay in the future, they are not technically viewed as checks.
The intent to defraud and knowledge of insufficient funds is required to be present by most states' bad check laws. It is not necessary for the payee to have actually been defrauded.
In most states statutory provisions provide that it is prima facie evidence of insufficient funds (or of intent to defraud) if: (a) the check was not paid by the drawee (bank) on presentation for payment and (b) the drawer did not pay the check within a specified number of days after written notice to the drawer of dishonor of the check.
On paper, the legal consequences for the maker of a bad check are usually quite severe, however, as a practical matter the holder of a bad check may find it difficult to put into effect available remedies.
However, just a select few grocery stores will cash postdated checks.
Keep in mind that you’ll need to bring a valid ID with you and pay a fee to cash a postdated check at most locations outside of your personal bank.
State laws vary regarding postdated checks, but according to the Consumer Financial Protection Bureau (CFPB) website, the only way to prevent a postdated check from being cashed is by giving written or oral notice to the bank or credit union the check is drawn on.
Written notices are valid for six months, while oral notices are valid for 14 days.