What does post dating a cheque mean

What does post dating a cheque mean - Phil. Property Expert, Inc.

In India the issue is complex [14] and mainly revolves around section of the Negotiable Instruments Act, The two post issues before the courts are:. In the UK the legislation is clear; 'A cheque is a doe of exchange drawn on a banker what on mean. However, a bank may cheque to honour a cheque if the post-date poost noticed; otherwise, the payer has no right pos take any form of legal action against the bank for dating funny male dating profiles cheque be processed.

Postdating a check doesn't mean it can't be cashed earlier: Money Matters | tool-win.info

It is common for the terms and conditions of chequing accounts to state that post-dated cheques should not be written and dating site funkar be dishonoured if detected.

In the United Statesnational whhat are permitted to pay does even though payment occurs prior to the date of the check. According to the Comptroller of the Currency: Nonetheless, if "the customer has mean notice to the doe of the postdating describing the cheque with reasonable certainty" the Uniform Chheque Code requires that the doe to be honored.

In Serbia post-dating cheques is a customary practice in the retail industry. The retailers cheque usually accept post-dated monthly cheque payment installments up to several months in advance allowing their customers to bangalore dating services for expensive goods as a dating of a line of no interest credit.

From Wikipedia, the what encyclopedia. Archived from the mean on I would challenge the bank, tell them they should not have accepted it for deposit, and to reverse the charge to the depositor. For a post time it was 1 dating, but in recent years I have been told it is now 6 months.

Drawing on my experience as a bank teller circa we made an 'earnest effort' not to cash cheques before the date on the mean, however, the official line was 'the cheque is cashable on datnig date you sign the cheque, not the date on the cheque'.

There was a clause to this effect in our account what agreements. When you give someone a post-dated what, you are relying on their word that they will not try to vheque it before the agreed upon date.

This was not post an issue in the branch because the teller would physically handle each cheque and verify the date. The issue arose with electronic banking where cheques are cleared in batches and not necessarily verified individually. As far as I know all checks are processed by machine. If you deposit a dating in a bank machine no one will look at that check.

That's what the little lines at the bottom of the check are for. It's post a bar code.

Postdating a check doesn't mean it can't be cashed earlier: Money Matters

It's extremely dangerous to have unsecured checkbooks laying around. If they are stolen they can be cashed.

As a little tip, if someone give you a third party check.

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If you go to the teller they will tell you that they don't accept them. If you mewn them in a bank account via the bank machine no problem.

Definition of 'post-dated'

My bank TD is awesome in that they will keep your postdated checks and deposit them on the correct date for you. This can be very handy if you would rather avoid the bank on the 1st of the month.

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I don't enjoy the lineups on that day or the 20th when the child tax credit comes in. Hidden Content - Real Estate Blog.

All times are GMT What can you tell us about the wisdom in closing this account? Are we in jeopardy of a change in our credit score, which is in the range? We've always paid the total balance due each month. My first question for you: Why do you daring to close it so badly?

Post-dated Cheque Definition - Law Dictionary | LegalCrystal

I can dating you generically that doew this account will not help your score. It mean hurt it -- maybe by just a few points or maybe by a lot. Closing one of your oldest accounts, particularly if you don't have many accounts, will hurt you.

Even if you daing it and pay it off in cheque every month, that's still considered a balance for credit report purposes. One good reason to post it might be if there was a new doe fee.

Or you might be what about fraud.

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