What type of date does a postdated check have written on it
future datea future date indicated on it. This is usually done to account for an anticipated delay in deposit. For example, you may decide you would like to postdate a check if you are sending in a bill payment earlier than the due date.
When a date is written on a check it is good for?
State and local governments may have their own expiration dates. As previously mentioned, personal checks are usually valid for up to six months after the date they were issued,1 but you shouldn’t count on the bank to pay attention to the dates.
How does a post-dated cheque look like?
To define post-dated cheque, it is a form of a cheque drawn with a future date written on it. To simply put, post-dated cheque is one which is drawn with a date which is after the date on which cheque was written. Let’s understand with an example. Assume that today is 27th Jan and you are writing a cheque.
How do you write a post-dated check?
Postdated checks are normal checks, but the person writing the check chooses to write a later date on it. This date can be tomorrow, next week, or even years from now. If it’s later than the current date, then it’s a postdated check. For example, assume that today is January 1, and you’re writing a check.
Does the date on a check matter?
The date section should include a future date that you would prefer the check be deposited or cashed on. The date on the check serves as a “timer” that indicates when the check can be deposited or cashed.
What is the term of the check from the date on the check?
From Wikipedia, the free encyclopedia. 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.
Is postdated customer check considered cash?
A postdated check—a check with a date that is later than the current date—is not considered to be currency. Further, the postdated check should not be reported as part of the Cash account balance until the date of the check.
Can you deposit a check if its post-dated?
Can a bank or credit union cash a post-dated check before the date on the check? Yes. Banks and credit unions generally don’t have to wait until the date you put on a check to cash it. However, state law may require the bank or credit union to wait to cash the check if you give it reasonable notice.