The date the check can be cashed . For example I wrote ( 5 ) post dated checks
last winter to a company that handles my snow removal of my residence
Each check was dated the last day of the month . ( November / December /
January / February / and March ) That way the company could cash the checks
at the end of each month if I went somewhere warmer for the winter
No.
A Post Dated Cheque is one that has a date in future. A Stale Cheque is one in which the date is in the Past. Usually cheques have a validity of around 90 to 120 days. So, lets say someone gave you a cheque in March 2011 and you have still not cashed it, it is a stale dated cheque. Similarly if I give you a cheque with date as 10-May-2012 today (on 14 Jan 2012) it would be a Post dated cheque. In this case, the cheque is valid only on or after 10th May 2012. Until then, it is just a piece of paper and is worthless
The same way you'd write a normal check, except in the date field you put a date that's in the future.
It's a check made out with a future date so you can't cash it yet.
! Banks have no responsibility to review the date on a check to determine if it should be deposited, paid, refused or rejected (this is in Rules and Regulations provided when an account is opened); On a stale dated check, ifcustomer doesn't want check paid, they should place stop payment on it. This also applies to post dated checks. According the the UCC, a bank can refuse a stale dated or posted check. It is at the discretion of the financial institution.
No, a check dated in the future is a post dated check. Banks won't knowingly cash a post dated check.
Yes, it is legal to write a post-dated check in Pennsylvania. However, banks are not obligated to honor post-dated checks, so there is a risk that the check could be deposited before the date written on it. It is recommended to communicate with the payee about the date the check should be deposited.
I cant share about every bank but i know that is a post dated check is presented at the bank i work at we will not honor it. That said, if a post dated check is dropped in the night deposit or ATM machine we really have no choice but to process it. It is technically illegal to write a post dated check.
Yes. You can write a post dated check. It is perfectly legal as long as the person to whom you gave the check doesnt submit it for cashing before the date you put on the check.
No.
I worked in banking for years, and never heard of post dated checks being illegal.
Post dated check.
A post dated check can be cashed, but only when enough time has elapsed that the current date is equal to or later than the date of the check. Banks require a current date on checks.
Yes. Writing a post-date check is perfectly legal anywhere in the world. But, cashing a post dated check is not. A check can be submitted for encashing only on or after the date mentioned on the check has reached. Until the check's date has reached, it is a worthless piece of paper that has no value.
The meaning of post-dated check 30 days means today you write out a check, but you date it 30 days from now. This prevents the person receiving the check from cashing it until the date written on the check.
A Post Dated Cheque is one that has a date in future. A Stale Cheque is one in which the date is in the Past. Usually cheques have a validity of around 90 to 120 days. So, lets say someone gave you a cheque in March 2011 and you have still not cashed it, it is a stale dated cheque. Similarly if I give you a cheque with date as 10-May-2012 today (on 14 Jan 2012) it would be a Post dated cheque. In this case, the cheque is valid only on or after 10th May 2012. Until then, it is just a piece of paper and is worthless
This depends upon laws in your particular jurisdiction, but in most cases, there is no such thing as a "post-dated check" in the eyes of the law. When you write the check, you should be capable of honoring it immediately.