Are we in jeopardy of a change in our credit score, which is in the 800 range?
We've always paid the total balance due each month.
Some states, including California and Georgia, place responsibility on check writers to ensure their checks are not cashed or deposited too quickly.
Other states, like West Virginia, place responsibility on the person the check is written to.
The laws differ from state to state, but the short answer is yes.
The Answer: My first question for you: Why do you want to close it so badly?
I can tell you generically that closing this account will not help your score.
The checks usually aren't cashed until the first of the month and they clear my account on the second or third. Key and my landlord both said, "Too bad," and said postdating checks is illegal, anyway. There are no Federal Reserve regulations, which cover banking, that govern the payment of post-dated checks, said spokeswoman Anne Di Teodoro.
The bank can cash it unless it believes the check won't clear or is fraudulent.