Post dating checks texas
Crooks, on the other hand, write bad checks with the intention of ripping people off.Writing checks when you know you do not have the money to cover them is a serious crime that, if caught, can land you in jail or even prison.
Am I responsible for all the bounced check fees, since the checks wouldn’t have bounced if the bank had waited like it was supposed to before cashing it?
(see cancelled checks below) First, we need to be clear on the difference between a “bad check” and a check written with the “intent to defraud”.
In simple terms, a bad check is usually the result of poor math calculations or your bank making a miscalculation.
A postdated check offers the promise of controlling the uncontrollable: As time marches forward, you may wonder what the date on a check really does.
Whether you received a postdated check or you’re thinking of writing one, it’s important to know how they work — and that they often don’t work the way you might expect. People usually postdate checks when they want the recipient (the person or business receiving the payment, also known as the payee) to wait before depositing the check.
While there are differences among the states as to how bad checks are viewed (whether a misdemeanor or a felony) and the remedies available to holders of the bad check against the drawer, there are several general factors that run through the majority of state laws: In all states the maker of a check, who tenders a check knowing there is insufficient funds or credit behind the check may be guilty of a crime and may be subject to civil penalties.