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. As a bill of exchange a post-dated cheque remains negotiable but it will not become a cheque till the date when it becomes payable on demand.

Is it legal to post date a cheque?

Can I post-date a cheque? Our advice is that you shouldnt post-date cheques because it is likely to be against the terms and conditions of your bank account. Different banks have different policies, but the majority of banks discourage the practice of post-dating cheques.

Can post-dated checks be cashed early?

Can a bank or credit union cash a post-dated check before the date on the check? Yes. Banks and credit unions generally dont 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.

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 I cash my stimulus check if its post dated?

Banks and credit unions dot have to wait until the date listed on the check to cash it. This means you can cash or deposit a post-dated check as soon as you receive it.

Is postdated check cash?

Postdated checks are checks written with a future date. Postdated checks can usually be cashed or deposited at any time unless the person who wrote the check specifically told their bank not to honor the check until a certain date.