Does anyone know what the real deal is about dates on personal checks? I’ve heard that they don’t matter, that they are for record keeping only.
My sister (who works at a bank) disagrees with me.
I think this is a confusion on her part between her bank policy and federal law. But I’m unsure.
Any help would be appreciated,
Greg
TYVM, argument solved.
I doubt that banks do any more data entry than is absolutely neccessary.
Bank statements list: Date of payment by bank, Check No., and Amount.
This is of necessity a data entry function, everything else can be programmed, e.g. balances, totals, etc.
Perhaps someone elsce can quote the state/federal law for us.
It just came to mind. :smack:
The date on the check would be of interest to the writer of the check in the event of an IRS audit.
They consider it as the date of payment in cases of contributions, etc. with regard to the taxpayers fiscal year. Usually Jan1 thru Dec 31.
IIRC, the IRS rule on contributions changed. The recipient has to actually get the check before the end of the year. Your Dec. 31st check might be too late.