Rules post dating bank checks

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However, some state laws regulate which forms of identification businesses can require to see. Follow these tips when verifying customer identification: Bounced Checks What should you do if a check is returned because a customer's account is closed, or has insufficient funds to pay for the transaction?

Depending on your business location, it may be illegal to require customers to show a credit card as a condition for accepting their check. In addition to instituting a check policy, some new businesses are employing the help of electronic check verification companies to identify flagged individuals.

Although credit and debit card payments are on the rise, the expenses and additional record-keeping involved with card payments are not ideal for all businesses.

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Policies for Accepting Checks If your business accepts personal checks, establish a detailed check acceptance policy to help identify and avoid bad checks.

Survey responses will not be attributed to individuals.

If you wish to obtain information related to this survey, you may submit a request to the Department of Employment and Social Development pursuant to the .

If a bank charges against the account of a customer a check before the date stated in the notice of postdating, the bank is liable for damages for the loss resulting from its act.

The loss may include damages for dishonor of subsequent items under Section 4-402.

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