Postdating a check is done by writing a check for a future date instead of the actual date the check was written. This is typically done with the intention that the check recipient will not cash or deposit the check until the future indicated date.
What is the purpose of post-dated Cheque?
The post-dated check is the most common means of payment for a loan. It is a check that is written and issued by the debtor for a date in the future and may not be encashed or deposited until such time. Debtors use post-dated checks to avoid missing payments on their loans.
Are post-dated checks illegal?
Is it illegal to postdate a check? “From a criminal law perspective, there is nothing inherently illegal about postdating a check,” says Eric Hintz, a criminal defense attorney in Sacramento, California. Luckily for them, Foster waits to cash postdated checks, but he isnt legally obligated.
What is the opposite of post-dated?
What is the opposite of postdated?retroactivebackdatedretrospectiveex post facto
Can I deposit a postdated check into my bank account?
Postdated checks are checks written with a future date. Postdated checks can usually be cashed or deposited at any time unless the person who wrote the check specifically told their bank not to honor the check until a certain date.
What is a post check?
Postdating a check is done by writing a check for a future date instead of the actual date the check was written. It is legal for an individual to postdate a check, as well as for a bank to cash or deposit it.
Can you get scammed through a check?
Unfortunately, criminals have come to rely on their victims sense of “security” provided by cashiers checks and official bank checks. Fake bank checks are typically used in scams where the scammer tries to get you to cash or deposit the check.