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Undated check
July 26, 2022
Q. Can we deposit a check from one of our tenants that is not dated? Or are we supposed to return it to the tenant and ask them to date the check? What is your policy for undated checks?
A.
(Answered by the IOFM Accounts Receivable Advisory Panel)
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I believe that if we were to get an item like that in our lockbox, the bank would handle the process. Also, we have our own treasury department and if I received a check in the office, I would run it up the flagpole to them before depositing the…
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