Post dating cheques uk
The only way to guarantee they’ll actually work is to pay extra fees to your bank.
If you’re unwilling or unable to pay your bank to monitor your account, you’re at the mercy of whoever you give the check to.
That said, if you agreed to wait, cashing the check prematurely might be considered in violation of an oral agreement and illegal in some jurisdictions.
It’s wise to communicate first with whoever wrote the check—there’s probably a reason it’s postdated.
I have been asked for cheques to cover rent for a property I take tenancy from in June 2011.
Post dated cheques have been requested by quarterly instalments to cover the entire years rent. If you've any queries once you've read my answer do ask.
So the safest practice is not to write post-dated cheques at all and set up a series of standing order payments, provided the recipient is set up to accept automated payments to their account.
What is the journal entry for postdated cheques paid as rent in advance?
Therefore, the practice of issuing or accepting a post-dated cheque is not encouraged.Gnerally client gives this kind of cheque for some kind of gurantee and assurity.Find out if the check was intentionally postdated, momo hook and figure out a solution. Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country.If you provide instructions to your bank and they pay funds from your account, your bank should be required to cover any overdraft charges that result, and you may have further recourse against your bank for other expenses you face.If you have the option, it is best to avoid writing postdated checks.