What is postdating a check mean
Once someone hands you a signed check, you are legally allowed to deposit that check at anytime.If you do accept post-dated checks, as I do, be wary.Post date a check means that you write a check on a day and mention the date of a future day in the check.i.e., let's say I give you a check today 22 January 2011 and write the check date as 15 February 2011. This means that you cannot cash the check until 15th February 2011 and until then the check is of no value. According to Financial Consumer Agency of Canada, No. If you write a post-dated check, under the clearing rules of the Canadian Payments Association (CPA) your check should not be cashed before the date that is written on it. Banks have no responsibility to review the date on a check to determine if it should be deposited, paid, refused or rejected (this is in Rules and Regulations provided when an account is opened); On a stale dated check, if customer doesn't want check paid, they should place stop payment on it. According the the UCC, a bank can refuse a stale dated or posted check. Post dating a check does not mean that it won't be cashed before that date.Starting 1st May 2025, the check is a valid check and is worth the amount mentioned in it. ( November / December / January / February / and March ) That way the company could cash the checks at the end of each month if I went somewhere warmer for the… Though it is illegal in some states to request someone to write you a (or many) post dated checks to guarantee payment.
A Post Dated Cheque is one that has a date in future.Most people tend to make out post dated check because they do not have enough money in their account at the time the check is made out. You may need to notify your bank and see if they will watch for and not cash a post dated check.Any valid signed check can be cashed no matter the date.For that matter, it is not illegal to write a post dated check in any country 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.That said, if a post dated check is dropped in the night deposit or ATM machine we really have no choice but to process it.