![]() However, it is illegal to write a check when you know you don’t have the funds to cover it, even if you hope to have the funds later. Is it illegal to write a postdated check? But just about anything with the right signature on it is properly payable, including post-dated and overdrawn checks. Only “properly payable” checks are supposed to be cashed by banks. If they weren’t, “pay day” lenders, and other crude forms of credit, couldn’t exist.
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