In banking, a post-dated cheque is a cheque written by the drawer payer  for a date in the future. Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country. A Canadian bank, for example, is not supposed to process a post-dated cheque and if it does so by mistake, the cheque writer may ask their bank to correct the error. In the United States and the UK , post-dated cheques are negotiable instruments and can be drawn upon at any time, while in India and Australia post-dated cheques are not payable until the date written on the cheque. Where a demand for payment of a cheque is made before the date of the cheque arrives, the cheque shall not, by reason of the demand, be taken to have been duly presented for payment.
The habit of post-dating cheques goes back to when the only means of payment was by cheque or cash; i.
Historically, if someone wanted to phase their payments, such as for paying into an insurance policy, they issued a series of post-dated cheques to the recipient.
Because this was an accepted payment method, the receiver of the cheque had a system in place for making sure that the cheques were not paid in before the intended date.
However, very few people have these post-dating systems in place now as there has been a move to automation, so any post-dated cheques they receive tend to all be paid in at the same time, running the risk of being returned unpaid. Many banks state in their terms and conditions that post-dated cheques should not be written while some include a note at the front of chequebooks, advising that post-dated cheques should not be written.
So the safest practice is not to write post-dated cheques at all and set up a series of standing order payments, provided the recipient is set up to accept automated payments to their account.
Or you can future date a series of online or mobile banking payments.
You will need to speak to your bank. In general, banks do not charge cheque writers for returning a cheque unpaid because it is post-dated.
Mar 16, Practical Law may have moderated questions and answers before publication. No answer to a question is legal advice and no lawyer-client relationship is created between the person asking the question and the person answering it. Where appropriate, you should consult your own lawyer for legal advice. Practical Law's employees are not practising solicitors or . Post Dating Cheques Illegal Uk My name Post Dating Cheques Illegal Uk is Karishma, 23 years old, a slim and sexy and beautiful girl in Powai. IT Girl. Favourite Contact us. by admin. 0 like. Best Cities To Meet Girls In South Korea. Miss Sexy + If you you /
If your bank paid the cheque and increased your overdraft, you should speak to your bank about this, though you might find it was outside the terms and conditions of your account. However the cheque would be evidence of the debt in the event of a dispute.
It is the same advice for businesses - you should not post-date your cheques.
In the past, before Direct Credits and online banking became available, if a business wanted to phase their payments the accepted way of doing this was to issue the person you wanted to pay with a series of post-dated cheques. However these days businesses can set up a series of automated payments through their bank branch or through their phone or online banking service, specifying the dates when they want specific payments to be made, thus retaining control of their cash-flow.
Some banks advise customers at the front of their chequebooks not to write post-dated cheques while many state in bank account terms and conditions that post-dated cheques should not be written However, as this is a competitive matter the banks themselves decide how best to communicate with their customers. Post-Dated Cheques. Can I post-date a cheque?
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Asked in Banking Can cheques be falsified?
Cheques can be falsified but it is illegal. Only banks can issue Cheques to their customers. No one else is authorized or rather supposed to print Cheques.
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Asked in Banking Are postdated checks illegal? Are post-dated checks issuing allowed by the State law in Greece or it is forbidden?
2016.09.16 - Reasons for not accepting post dated checks
Tks for the answer. Asked in Banking How long does a overseas check take to clear? In the UK, cheques from other UK banks take up to 7 days to clear.
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The main problem with cheques is that they have to be physically sent to a clearing house where all the banks get together and swap their cheques. Asked in Immigration Who do you report illegal immigrants to in UK?
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The act of sniffing glue is not illegal in the UK but it is illegal to buy or sell glue for such a purpose. Asked in Banking What methods can be used to deposit cash and cheques to a business bank account? By usin cheques,it can be a cross cheques or open cheques.
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