Many people date documents with two digits for the year (1/3/20 versus 1/3/2020). During this year, this creates the potential for the date to be manipulated, or specifically, backdated. In this example, 1/3/20 could become 1/3/2019 by simply adding the “19”. This could change the effective date of the document.

Banking/financial institutions and the legal community are strongly suggesting that everyone use the full four digits for “2020” on any enforceable documents and contracts.

Financial experts advise using the full 2020 date on important documents.