What does post dating a cheque mean

You may have found them via that website but they would have been hosted elsewhere and taken by other photographers, you have done this with other recent news what does post dating a cheque mean such as the oslo attacks. Putting a date on the check later than the date the check is written, ie, writing it on 8/6 but dating it for 8/10, which means the check can not be cashed at the bank until 8/10. Postdate definition is - to date with a date later than that of execution how to use postdate in a sentence to date with a date later than that of execution to assign (an event) to a date subsequent to that of actual occurrence to follow in time. A csr for pcfinancial told me that post-dating is just an agreement between you and the person who wrote the cheque, and if you deposit it early then it may actually be honoured this does not make sense to me because cheques stale-date (ie become void) 6 months after their face-date , therefore they do check the date. If you're writing out the check on the 4th, but then writing the 10th on the date line, you're post-dating it, because you're writing a date that occurs in the future your landlord will attempt to cash it whenever he wants, but if you call your bank they will presumably hold the funds until the 10th if you ask them to.

To write a date on a document, especially a cheque, that is later than the date on which you are writing it: if you cannot trust the salesman to wait until the date on a cheque before presenting it, then post-dating it is pointless. Some people write post dated checks, meaning that rather than the current date, they write a future date on the check, often because they hope you will not cash it before then legally, banks can honor post dated checks at any time regardless of the date on the item. In banking, a 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 dated cheque (pdc): a pdc is a form of a crossed or account payee bearer cheque but post dated to meet the said financial obligation at a future date various types of cheques based on their functionality local cheque: a local cheque is a type of cheque which is valid in the given city and a given branch in which the issuer has an account and to which it is connected.

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 you actually write. To date an agreement, check, draft, or any other document before the date it was actually drawn up or signed, making it retroactively effective ante-dating is not an illegal act, it neither invalidates an instrument nor affects its negotiability also called ante date opposite of post date. The habit of post-dating cheques goes back to when the only means of payment was by cheque or cash ie before the advent of automated payments such as direct debits and standing orders historically, if someone wanted to phase their payments, such as for paying into an insurance policy, they issued a series of post-dated cheques to the recipient. A returned check is a check that the bank does not honor the check will be returned to the bank that submitted the check for payment (typically the recipients or payee’s bank) if you are the check writer, it means that your bank will not pay the person or business you wrote the check to. For phrases like fact check, check in, in check, check against, etc, the spelling check is used even in british english if you are a writer in the uk or australia, you will use cheque for financial contexts and check for most other contexts.

What is a bearer cheque a bearer cheque is one that does not has the word 'bearer' on the cheque cancelled the cheque sometimes can be made payable to cash or bearer or made payable to a specific name, for example, ahmad osman or bearer. Postdated check n a check delivered now with a written date in the future, so that it cannot be cashed until that date. Post-dated cheque in banking, postdated refers to cheques which have been written by the drawer for a date in the future in the united states, postdated items are described in article 3, section 113 of the uniform commercial code postdated checks are often used in conjunction with payday loans. As far as post-dating cheques worldwide, i don't know much about banking outside of north america and europe but in europe cheques are hardly used at all most banks have written in their financial service terms specifically you shall not write a post-dated cheque. Is it legal to backdate a check we run a small hoa one of the owners always pays a few weeks after the due date, but writes the due date on a check in order to avoid a $20 fee the checks are being.

Cheque i recently sent in my rent check early, time in fact, what happens if it mean more is a check reading sept please make any blank areas on the date that you should be avoided as possible. A post dated check is used in the following situations: deliberate payment delay the issuer does this in order to delay payment to the recipient, while the recipient may accept it simply because the check represents a firm date on which it will be able to deposit the check. A post dated cheque means a cheque issued with some date after the date of issuing the cheque ie if you issue a cheque in my favour today on 4407 with a date say 250407, it will be a post dated cheque which can be encashed only on 250407.

What does post dating a cheque mean

Kelly article is a meeting, online dating expert, and former together-dating triumph when you cover a variety and start talking, be term and here engaged in the introductory kelly seal is a sleep deprivation and hair loss, online dating service, and former near-dating host. A post dated cheque is a cheque dated after it was written, hence you cannot bank it until the date written on the cheque or it will bounce a pre dated cheque is one dated before it was written, often people do this when the months, or year changes ie it is dated 1st april 2007, but the actual date is 1st may 2007, you know, you are still writing 4 (for april) when it is actually 5 (may. I was always led to believe that a post dated cheque could always be paid into a bank account at anytime before the date and be paid and the bank does not have to honour any post dating glad you like it. A cheque should not be post dated if you don't have enough money in your account as the cheque can be presented at any stage'' does anyone know if the rules have changed i thought a cheque could not be presented before the date written on it.

  • Post dating a cheque means drawing a date later then the date of signing the cheque this can happen when date is written after a cheque is signed or on the date of signing a cheque a date in future is written on the cheque.
  • 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 june 10th 2009, it means you have issued a post.

A post dated check should not be used in bank reconciliation statement(brs) because until it due date the check cannot be drawn and it has not worth till its due datetherefore it should not part of reconciliation unless it has some value at that date. Postdating a check refers to writing a check but putting a future date on the check instead of the date that the person writes the check people typically postdate checks intending that the recipient not deposit or cash the check until a later date, because payment is not due until that later date.

What does post dating a cheque mean
Rated 5/5 based on 36 review

2018.