What does post dating a cheque mean

Published: 26.08.2017

Over the last twelve years, Consumerist has been a steadfast proponent and voice on behalf of consumers, from exposing shady practices by secretive cable companies to pushing for action against dodgy payday lenders. Or you can future date a series of online or mobile banking payments. Meaning of Post-dated cheque.

As far as whether it's illegal to postdate a check, it's not. Where a demand for payment of a cheque is made before the date of the cheque arrives, the cheque shall not, by reason of the demand, be taken to have been duly presented for payment.

What does it mean to postdate a check? That means the bank must wait to cash the payment until the date stated on the paper or until six months is up, whichever comes first. Lending services provided by Quicken Loans Inc. How are banks letting their customers know that they shouldn't post-date cheques? It is common for the terms and conditions of chequing accounts to state that post-dated cheques should not be written and will be dishonoured if detected. If you want to make a person-to-person payment on a particular future date it may be preferable to set up a standing order or one-off automated payment using online, mobile or phone banking services. How do I know?

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The post-dated cheque is not payable till the date which is shown on the face of the said document. There would have been enough money in there by Sept. Skip to content Menu. How did this become subverted?

How To Post Date A Check - Life Lessons #2

The laws note from sincere to ,ean, but the solo ring is yes. It says I have a dollars credit does that mean whats on my card? Where is a good place to buy a laptop with credit? The habit of post-dating cheques goes back to when the only means of payment was by cheque or cash; i.

    1. Dave_Mustaine - 31.08.2017 in 09:47

      It would be a little simpler if it worked that way, but several states have laws saying the person can cash the check when they get it.

      Swag_Man - 03.09.2017 in 21:52

      It doesn't matter what date is on a check -- it can still be cashed. This page was last edited on 5 February , at

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