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18 august 2008

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16y ago

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Can a post-dated check be deposited before the post date?

yes it can be deposited since checks can be posted before their maturity date


Is it legal to post date check in Michigan?

In Michigan, post-dating a check is not illegal, but it can create issues if the check is cashed before the intended date. The recipient of the check is not obligated to honor the post-dated date, and banks may process the check regardless of the date written on it. To avoid complications, it's advisable to communicate with the recipient about the post-dating and ensure they agree to hold the check until the specified date.


What is post dated chaque?

A Post Dated Cheque is one in which the cheque date will be after todays date. Let us say I give you a cheque today with date October 15th 2011, then it will be a post dated cheque. The point here is that you cannot cash that cheque before October 15th and it can be cashed only on or after the date written on the cheque.


Can a post dated check be cashed?

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.


Is it legal in Michigan to write a post dated check?

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.