Dear Liz: How can a bank honor a postdated check prior to the date that is written on it, and still claim to have integrity as well as accountability?
Answer: Banks are supposed to cash your checks for the amount written and from the right account. Expecting them to pay attention to your dating games is asking too much.
For those who don’t know, a postdated check is one that’s written with a future date on it, under the idea that the bearer will either wait to cash the check or the bank will wait to process it.
But neither the bearer not the bank is under any obligation to do so, so don’t write checks you can’t cover. If you want to pay debts at some future date, use your bank’s online bill pay service and set the payments to go out when you want.