Federal law on post dating checks
In Oregon, if your employer makes an error and underpays you, if the withheld amount does not exceed 5 percent of your wages, then your employer can wait until the next payday before paying you the remainder of your wages.Additionally, Oregon law states that your employer must pay you at least once every 35 days.
We've always paid the total balance due each month.Federal and state banking laws do not prevent banks from cashing checks prior to the date printed on the check.In some situations, you can sue your bank for damages if a bank employee cashes a check prior to the date written on it but bank employees do not violate any laws when they cash post dated checks.Therefore, your employer did not post date the check, but you could not access funds on payday.Some states such as Oregon have less strict payday laws.Most states have laws that require your employer to pay you at least once or twice a month.
In many instances, paydays fall on the same day each month, and many employers use the 15th and the last day of the month as paydays.
However, if payday falls on a weekend or federal holiday, your state laws may require your employer to give you a paycheck before the normal payday.
You may have to wait to cash the check until after payday since your payday falls on a day when banks are closed.
But they may be referring to the fact that you're not supposed to give someone a check that you know is not good at that moment. I'm working with the bank to see if they can't give you more of a break this one time. You will get burned, and you will be the one in the wrong.
The Question: We've had a GM Master Card for 14 years and have purchased two cars with our "earnings," most recently in February. What can you tell us about the wisdom in closing this account?
Other states have similar laws but these laws do not address issues relating to bank holds.