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It's a check that's dated after the date it was written. Banks used to not honor checks before the date that was written on them, so people would send a check dated after payday to pay the gas bill or something. These days, if a check shows up at the bank they'll process it no matter what the date is on it...so don't write any more postdated checks.
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How do you make postdated check in bpi bank?
To make a postdated check in BPI, it is important to know the date in which it is supposed to clear. Having the date of a cheque many days after the day it is written will render it post-dated.
What is meant by post dated cheque?
Every cheque has a date that has to be entered in it that signifies the date from which the cheque is a valid instrument. So, if I were to issue a cheque today that you can encash anytime from now, I will put todays date as the cheque date. However, if I want you to cash it only after Dec, I will put 1st Jan 2014 as the cheque date. This means that, up until 31st Dec 2013, the cheque is worthless and you can cash it to get money only on or after 1st Jan. This is a postdated cheque because the cheque date lies in the future.
An Italian company has a postdated English check in hand can he cash in before time?
A cheque can be cashed only on or after the cheque date. Ex: Let us say you issue a cheque to Mr. xyz today (June 2nd 2009) and mark the cheque date as July 1st 2009 (A post dated cheque) Mr. XYZ can deposit this cheque on or after July 1st 2009. If he tries to deposit before that date, the bank would reject it. A cheque is a valid and legal instrument for money transactions only after the cheque date.
What is a check called with a future date?
Postdated check.
Is the correct grammar a cheque of or a cheque for?
cheque of is a right grammar!
How do you make postdated check in bpi?
To make a postdated check in BPI, it is important to know the date in which it is supposed to clear. Having the date of a cheque many days after the day it is written will render it post-dated.
How do you make postdated check in bpi bank?
To make a postdated check in BPI, it is important to know the date in which it is supposed to clear. Having the date of a cheque many days after the day it is written will render it post-dated.
Are postdated cheques illegal in the UK?
No Post Dated Cheques are not ill legal. Gnerally client gives this kind of cheque for some kind of gurantee and assurity.
What is meant by post dated cheque?
Every cheque has a date that has to be entered in it that signifies the date from which the cheque is a valid instrument. So, if I were to issue a cheque today that you can encash anytime from now, I will put todays date as the cheque date. However, if I want you to cash it only after Dec, I will put 1st Jan 2014 as the cheque date. This means that, up until 31st Dec 2013, the cheque is worthless and you can cash it to get money only on or after 1st Jan. This is a postdated cheque because the cheque date lies in the future.
An Italian company has a postdated English check in hand can he cash in before time?
A cheque can be cashed only on or after the cheque date. Ex: Let us say you issue a cheque to Mr. xyz today (June 2nd 2009) and mark the cheque date as July 1st 2009 (A post dated cheque) Mr. XYZ can deposit this cheque on or after July 1st 2009. If he tries to deposit before that date, the bank would reject it. A cheque is a valid and legal instrument for money transactions only after the cheque date.
Can you use postdated in a sentence?
Yes, > I've postdated a bank check for security reason.
What is the meaning of postdated?
of Postdate
Is postdated cheque for personal loan issued was delayed in payments can be cause for arresting a client?
Payment of a loan is usually a civil matter. Civil law does not usually involve the police or "arrests" unless the matter is before a court and a judge orders it.
Is it okay depositing the funds the following day if a postdated check falls on a holiday or weekend?
Fine. You can deposit the cheque anytime after the date of issue until the next 6 months to cash it. After 6 months it becomes stale dated/expired and no cash would be given on it.
What is a check called with a future date?
Postdated check.
How do you check a cheque?
To check a cheque, you must check if the cheque is checked by checking the checked cheque of checking a checked cheque as a checker.
Difference between order cheque bearer cheque?
A person holding the cheque can collect the amount if it is a bearer cheque. The payee (i.e. the person in whose favour the cheque is issued) only or his authorized person only can collect the amount of the cheque if it is an order cheque
