What are post dated checks.?

Answer 1

A postdated check is a check which is dated in the future. The idea is that the check cannot (or should not) be cashed prior to the date on the check. Different states appear to have various laws regarding postdated checks, but the consensus seems to be that by accepting a post-dated check, the merchant or service provider is extending credit to the checkwriter on the promise that the check will be good at the future date specified on the check.

Because of this, most states will not cover postdated checks in their bad check laws.

Bear in mind that prevents the recipient of the postdated check from trying to cash the check sooner, and most banks will honor the check upon receipt, even if it is postdated.

Answer 2

When you write a check and make the date some time in the future. The bank will still cash it even if it's post dated.

Answer 3

Post dated checks are something like suppose today you have to give some money to someone. Then what you do is that you tell that guy that you would give him a post dated check, which means if today is 06/29/2007 you would give him a cheack dated 07/07/2007. Now what happens in these cheques is that when the guy to whom you gave the money can deposit the cheque only on 07/07/2007 not before. I had my landlord who once asked for 6 months rent in advance as a deposit, so i gave him post dated cheques, and my landlord used to deposit it in the bank for clearence as per the date mentioned on the cheque. So if you give a post dated cheque make sure that your account has balance to over the amount on cheque or else.....uh oh ......trouble.

Hope it helps.

Ankit.

Answer 4

Any check that is written to be payable on a date in the future. If I write you a check today (the 29th), and I put July 2nd as the date on the check, that is a post dated check.

Answer 5

Post dated checks? Oh my, you're in strife. As you're looking at the 'gorilla' holding the baseball ball, demanding payment, just keep cool. Tell him,"Don't be silly. I respect your boss and would never consider not paying him. In fact, I'm going to add interest up to a month from now. Now all he has to do is put this check in the bank then, when the check's dated, and all's sweet. If fact ,Mr. Moron, he's going to be so proud of you". As this point you may want to start searching the net for one way plane fares.

Answer 6

A post-dated check has a date in the future written on the date line of the check. It used to be used to delay processing of the check.

It doesn't work like it used to, as most checks are converted to electronic checks when they are given to the vendor.

Answer 7

This is one of those misnomers, such as calling bison buffaloes or calling maize corn.
It actually refers to a "predated" check because the check is drawn on a bank "pre-" (whatever date).
As the term is used now, it means you draw a check and use a future date on it.

Answer 8

Here's a perfect example. If you give me $25 Now, I'll give you a check now, dated for July 5th, next week. Then you can go to the bank and cash it. OK?? That's it in a nutshell. Don't cash it before July 5th, because it won't clear before then.