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Delay in check deposit?
I paid my attorney fees by check because he doesn't have a debit/credit machine. I paid him on the 13th of August. He has yet to deposit my check. I live from paycheck to paycheck as it is, and while I had the money in my account at the time I wrote the check, I don't now. If he were to deposit or cash it today, would I be assessed an overdraft fee, even though the bank can clearly see the dating of the check and my available funds at that time?
4 Answers
- 1 decade agoFavorite Answer
Your date on the check only matters if you post dated a check. (like for next week) The bank if they are paying attention won't allow the person receiving the check to cash it before that date. When you write a check & post it in your checkbook register you need to imagine that, that money is gone even if they don't cash the check for weeks. You had somehow better get the money in the bank to cover the check ASAP, or talk to your attorney about holding the check till you can get funds in the bank. Some business will only go to bank to cash checks once a week, so you may get lucky if you get on top of this today.
Good Luck
Source(s): My opinion - Anonymous1 decade ago
Yes, and your attorney might charge you a returned check fee. That does affect their account as well. our best bet would be to call the office and ask if they can deposit the check the following week when you know you will have money. The bank does not look at the date on a check as old unless it is 6 months or more that would be stale dated. You will get an overdraft fee or uncollected fee so I would try and settle this if I were you.
- ?Lv 71 decade ago
Logically you write a check, you subtract that amount from your balance and do not spend it again.
You will be charged a service fee, the lawyer will charge you any fees he incurs and might possibly sue you.
Suggest you find the money and deposit it immediately