Forward dating a check, it's better than Tinder!
Forward date - definition of Forward date by The Free Dictionary
The post-dated cheque is not payable till the date which is shown on the face of the said document. Many state in their terms and conditions that post-dated cheques should not be written, while some include a note at the front of chequebooks, saying post-dated cheques should not be written. If the bank does not spot that the cheque has been post-dated, the cheque would then probably be paid before you intended or returned unpaid if you have insufficient funds in your account. If I accept a post-dated cheque, what happens if the account of the person who gave me the cheque is closed before I pay the cheque in?
What about businesses, surely they rely on post-dated cheques to keep control of their finances? This article originally appeared on Consumerist. She said that risks them having to suspend my license if the didn't process it in time.
Different banks have different policies, but the majority of banks discourage the practice of post-dating cheques. She says that many people who end up falling into predatory lending traps like payday loans have also used postdated checks to try to stave off debt collectors. In some states, if a consumer gives the financial institution reasonably timed written notice about a postdated check before the check is received, then the notice is valid for up to six months. Additionally, the only time a bank can be held liable for processing a postdated check before the indicated date is if that notice is still valid. In general, private label datingsites banks do not charge cheque writers for returning a cheque unpaid because it is post-dated.
How are banks letting their customers know that they shouldn't post-date cheques? This could potentially incur you charges and cause inconvenience to the recipient. Post-dated cheques are common and enforceable.
This is likely to be inconvenient to both you and the person or business you have given the cheque to. 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. All email addresses you provide will be used just for sending this story. You will need to speak to your bank.
Businesses should speak to their bank for more information. However the cheque would be evidence of the debt in the event of a dispute. If I agreed with the person I was giving the cheque to that I could post-date a cheque but I am later charged as it was paid in early, can I reclaim this charge from my bank? 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. That means the bank must wait to cash the payment until the date stated on the paper or until six months is up, whichever comes first.
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. There are no specific rules on how banks deal with post-dated cheques if they are paid in before the due date. Try again later Consumer Support. 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. Has the law changed recently so that I am not allowed to post-date a cheque?
There are no specific rules on how banks deal with these post-dated cheques if they are paid in before the due date. So I said can I send it and date it with the date the money will be in the account?
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