What does post dating a check do jewish speed dating uk
The rules for postdated checks are outlined in Article 3, Section 113 of the Uniform Commercial Code.These checks are frequently used by customers who take out payday loans.but assuming that they like you in the way that you want them to…well, that usually leads to them actually liking you!It causes inconvenience to all parties - drawer, drawee and payee.
However, most banks -at their option- may either reject or negotiate a post dated check as if it has the current/past date on it.
The amount of the check will not be drawn from the account until the date written on the check.
For example, a check written on the 14th of the month but dated for the 28th will not be cashed for another two weeks.
a post-dated cheque presented for payment before the date appearing thereon, the cheque will be returned marked post-dated or the bank will hold on to the cheque until it is able to be cashed in.
The lies in the banker paying a post-dated cheque and subsequently dishonouring another cheque which ought to have been paid but had to be returned due to lack of funds.