What is the post dated cheque on a crashing bank?

Answer 1

A post-dated cheque is a cheque written with a future date, indicating that it should not be cashed or deposited until that date. In the context of a crashing bank, a post-dated cheque may not provide any security to the payee if the bank's financial instability leads to its inability to honor the cheque when the date arrives. If the bank collapses, the cheque may become worthless, leaving the payee at risk of losing the funds. Thus, relying on post-dated cheques during such uncertain times can be risky.