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Post-dated cheques are common and enforceable. [9] In 1998, the Supreme Court ruled that a post-dated cheque is a bill of exchange and does not become payable on demand until the date written on the cheque A "post- dated cheque" is only a bill of exchange when it is written or drawn, it becomes a "cheque" when it is payable on demand.
A cheque that has an issue date in the future, a post-dated cheque, may not be able to be presented until that date has passed. In some countries writing a post dated cheque may simply be ignored or is illegal. Conversely, an antedated cheque has an issue date in the past.
The date on the check is correct. It’s important to know that banks are allowed to process post-dated checks before the date on the check, so be sure you have sufficient funds in the account ...
In government finance, a warrant is a written order to pay that instructs a federal, state, or county government treasurer to pay the warrant holder on demand or after a specific date. Such warrants look like checks and clear through the banking system like checks, but are not drawn against cleared funds in a checking account (demand deposit ...
I found that they had cashed a check that I had postdated three days early. To. My first indication of trouble was a flurry of overdraft fee notices from Chase. I knew the balance was low, but ...
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In banking, antedated refers to cheques which have been written by the drawer, and dated at some point in the past. In the United States antedated cheques are described in the Uniform Commercial Code 's Article 3, Section 113.
Certified Check vs. Cashier’s Check. Check Feature. Certified Check. Cashier’s Check. Funding Source. Paid directly out of the customer’s bank account, using funds that have been set aside ...