Post dating check

Of course, the issuer of a check can't say it is payment in full when issued.It is only worth what the one accepting it agrees it is worth (the present value of the promise, like any promise to pay something in the future)..

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There are no specific rules on how banks deal with these post-dated cheques if they are paid in before the due date.

However, it’s likely that if the paying bank spots a post-dated cheque, it will return it with the reason given as “post-dated cheque”.

To do this you will need the recipient’s account name and number, and sort code.

Consumers and businesses are advised not to accept post-dated cheques because of the problems they create if they are paid into their bank accounts before the due date.

This could potentially incur you charges and cause inconvenience to the recipient.

If you want to make a person-to-person payment on a particular future date it may be preferable to set up a standing order or one-off automated payment using online, mobile or phone banking services.No, the law has not changed – it is the way we pay that has changed.The habit of post-dating cheques goes back to when the only means of payment was by cheque or cash; i.e.There are no specific rules on how banks deal with post-dated cheques if they are paid in before the due date.However, it’s likely that if your bank spots a post-dated cheque that you have written, it will return it with the reason given as “post-dated cheque”.Consequently, it has generally been held by most states that the giving of a post-dated check does not constitute a present fraud nor is it within the scope of the bad check laws. 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.

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