Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country a canadian bank, for example, is not supposed to process a post-dated cheque and if it does so by mistake, the cheque writer may ask their bank to correct the error. In crawford, a man wrote a post-dated check to a company to which he owed money the check bounced 4 comments on “ worthless postdated checks ” j powell. How can the answer be improved.
You've probably heard of -- or tried to use -- the post-dated check strategy it may sound like a great idea, but it actually isn't. A post-dated cheque is a cheque, on which a future date appears and not a current date for example, if today is 01/01/2012, then a cheque which bears a date (say) 15/01/2012 is a post-dated cheque, till that date (15/01/2012) comes.
Postdate definition, to date (a check, invoice, letter, document) with a date later than the actual date see more. A post dated check is a check on which the issuer has stated a date later than the current date a post dated check is used in the following situations: deliberate payment delay. When you post-date a check, you put a future date on the check with the idea that the recipient does not deposit it until that written date for instance, today is jan 1, but.
While it certainly wasn’t illegal for m to provide a postdated check, it also wasn’t illegal for the dealership to deposit the check or for the bank to take out the funds needed to cover that check, regardless of the date.
See how (and when) postdated checks can be cashed these checks often don't work the way the check writer intended extra steps are often required. Can a bank or credit union cash a post-dated check before the date on my bank/credit union cashed a post-dated check even though i told them about the post-dated. A postdated check does show the tenant's will to pay, and if the funds are in the account on the date the check is cashed the landlord will receive the money if the check bounces the landlord may have certain civil remedies to help recuperate the promised funds.
What are the consequences when a recipient cashes a post-dated check early by peter followill, contributing author share on google plus share on facebook. Post-dated check: read the definition of post-dated check and 8,000+ other financial and investing terms in the nasdaqcom financial glossary.
Legality of post-dating a check i read somewhere it was considered something like kiting to post-date a check when there was no money in the account to cover it the date it was written (and telling. Because payday lenders require a post-dated check or a debit authorization, payday lenders accuse customers of committing the crime of check fraud or passing a bad check if their checks bounce or if the account debits. If i do i post dated check online, will it stop me from having my service cut off, or do i have to call and make a specific payment arrangement.