who is jason dolley dating in real life - Postdating a check in quickbooks

Many business owners have a preference for one or two types of payment and shun the others.

But according to the 2013 Federal Reserve Payments Study [PDF], that could be a big mistake.

Turns out, if you are willing to accept multiple payment options, you’ll open up your business to more consumers -- and most likely increase sales.

Here’s a rundown of the most popular payment methods.

There has been a lot of speculation in recent years that cash is dead.

When you know you don’t have enough money in your checking account, you might think that postdating your check—writing a future date—will keep the recipient from cashing it. law and the Consumer Financial Protection Bureau, most banks and credit unions consider your check legal tender as soon as you sign it.

Unfortunately, that date that you write on your checks has very little power. As Ashlee Kieler at Consumerist explains, however, there are still some actions you can take to buy yourself some time: In some states, if a consumer gives the financial institution reasonably timed written notice about a postdated check before the check is received, then the notice is valid for up to six months.

That means the bank must wait to cash the payment until the date stated on the paper or until six months is up, whichever comes first.

But if the consumer gives oral notice to the bank, the institution must only wait 14 days before processing the note – even if that happens to be before the date on the check.

Make sure you check your financial institution to see what options you have.

Otherwise, your best bet is to let everyone involved in the check transaction know what’s going on in advance.

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