A postdated check is one that is written with a future date indicated on it. This is usually done to account for an anticipated delay in deposit. For example, you may decide you would like to postdate a check if you are sending in a bill payment earlier than the due date.

Is it OK if I post date this cheque?

Consumers and businesses are advised not to accept post-dated cheques because of the problems they create if they are paid into their bank accounts before the due date. However, its likely that if the paying bank spots a post-dated cheque, it will return it with the reason given as “post-dated cheque”.

Does the date on a cheque matter?

Because they might not always have enough money in their accounts on the day they write those checks, some folks will postdate their checks so that they arent deposited or cashed until after that date. Unfortunately, the fact is that theres generally no actual obligation to honor the date on a check.

Can I deposit a cheque before the date?

Sometimes a post-dated cheque is deposited before the date on the cheque. Banks have processes in place to look for post-dated cheques and do their best to make sure they arent processed early. The cheque can be returned and the amount credited back to your account up to the day before the date written on the cheque.

What is the difference between stale cheque and post-dated cheque?

Stale cheques are outdated cheques issued to the bank after the date of payment has expired. While Post-dated cheques are dated in such a form that they can only be cashed in in the future. Post-dated cheques may be dated in the future, it may be months or years from the date of issue.