What is postdating a check mean

Posted by / 01-Jun-2020 10:21

What is postdating a check mean

It is technically illegal to write a post dated check.

When you write the check, you should be capable of honoring it immediately.

So, lets say someone gave you a cheque in March 2011 and you have still not cashed it, it is a stale dated cheque.

Similarly if I give you a cheque with date as 10-May-2012 today (on 14 Jan…

Usually, a person writes a check like that because the money is not in the account yet. Writing a post-date check is perfectly legal anywhere in the world. A check can be submitted for encashing only on or after the date mentioned on the check has reached.

Until the check's date has reached, it is a worthless piece of paper that has no value.

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Post date a check means that you write a check on a day and mention the date of a future day in the check.