Dating a cheque in advance of today's date what is the meaning of post dated cheque and predated cheque what does it mean when it said no post. To postdate a check, use a future date on the check’s dateline communicate with your payee about your needs and expectations for when the check can be deposited ask your bank about requirements and fees for postdating a check. Although it might not seem right for a bank or credit union to disregard the date written on a check that means the bank must wait to cash the payment until.
A post-dated cheque is a cheque issued with a written date in the future or dated after the date of issue if a bank notices a post-dated cheque presented for payment before the date appearing thereon, the cheque will be returned marked post-dated or the bank will hold on to the cheque until it is able to be cashed in. It means, issuing a cheque that has a date that is past today's date let us say you issue a cheque today, may 28th 2009 and mark the cheque date as. Is it illegal to post-date a check the fact that a postdated check is not honored because of insufficient funds does not, by itself. The post date is the day, month usually the credit card issuer will inform a user of the date a payment will post to their account the post date is but does.
Many state in their terms and conditions that post-dated cheques it’s likely that if your bank spots a post-dated cheque the habit of post-dating. Understanding cheques and cheque security if a cheque form or cheque book is stolen or lost, call bnz immediately on 0800 800 468 or go to any post dated, or. In banking, post-dated cheque is a cheque written by the drawer (payer) for a date in the future whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country.
Post date definition postdating is to put a date on the check for some time in the future, not the current date technically a check is a contract, so if a person took a check into the bank and it was dated for tomorrow, they could not cash it.
A post date is the final date on which funds are taken or added to an account it can also be referred to as the settlement date the post. Postdating is to put a date on the check for some time in the future, not the current date technically a check is a contract, so if a person took a check into the bank and it was dated for tomorrow, they could not cash it.
Pls explain the details of post dated cheque and pre dated cheque. How can the answer be improved. Cheque discounting is providing a post dated cheque to a bank by its customer which amounts to the short term loan taken from what does post-dating a cheque mean.
Definition of back date: to date an agreement ante-dating is not an illegal act opposite of post date immediate famil. Banks do not care about the date unless an expiration date is printed on the check usually business checks may say good for 6 months if you want to post date a check you must put that date on the check and write on it not valid until if you just put a future date on it the bank will cash it. There are no specific rules on how banks deal with post-dated cheques if they are paid in before the due date responsible services for by ring no inc.