The notice of postdating is a mechanism through which the customer can place the bank on formal notice that the customer has written a postdated check and does not want it to be paid before its date. A stop payment orders the bank not to pay the check while the stop payment is in force. The notice of postdating merely orders the bank not to pay the check before the date on the check. For further information about this provision, read this past issue of Teller Talk . Section 4-403 .
Any person authorized to draw on an account can close the account.
Even an authorized signer or person acting under a pertinent power of attorney can close the account. Keep in mind, however, that there are precautions to protect the account owner. Let's say that ABC Corporation sets up an account and names John Doe and Mary Smith as the authorized signers, with two signatures required. That protects the corporation, who is the account owner. Yes, they could, but that's not your concern.