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Re: Cashing a post-dated check
by OK-LL
on January 6, 2010 @11:17
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If we didn't make alternate payment arrangements before the due date, I'd just cash the check no matter what date is on it. It is legal tender at the time it is provided to you and the date means nothing to the bank. In my world, it's the responsibility of the tenant to make requests for special payment arrangements BEFORE the due date. If it bounces, you will be charged whatever your bank charges (BOA is $6), which you will charge right back to the tenant. Her bank will likely charge her about $35 to return the check NSF, so tough luck to the tenant. Bank it today, but don't spend the $$ until the check clears.
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