Post dating a cheque dating torelating
Let us say you issue a cheque today, May 28th 2009 and mark the cheque date as June 10th 2009, it means you have issued a post dated cheque.
Cheque Bounce refers to the situation wherein, your bank account does not have enough money to pay the cheque that was issued by you. 12,000/- to your friend and he deposits the cheque into his account. usually if you get a cheque with that stamped on it it is a sample or 'prize' lure for a contest.
Find out if the check was intentionally postdated, and figure out a solution. Most people don’t do this, in part because of the additional fees to monitor the account and prevent payment before the specified date. Because there’s a possibility it won’t clear, you might have better luck depositing those checks.
That allows your bank to place a hold on the funds instead of handing over cash immediately.
Bearer cheque: When the words "or bearer" appearing on the face of the cheque are not cancelled, the cheque is called a bearer cheque.
The bearer cheque is payable to the person specified therein or to any other else who presents it to the bank for payment.
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Fw-300 #ya-qn-sort h2 /* Breadcrumb */ #ya-question-breadcrumb #ya-question-breadcrumb i #ya-question-breadcrumb a #bc .ya-q-full-text, .ya-q-text #ya-question-detail h1 html[lang="zh-Hant-TW"] .ya-q-full-text, html[lang="zh-Hant-TW"] .ya-q-text, html[lang="zh-Hant-HK"] .ya-q-full-text, html[lang="zh-Hant-HK"] .ya-q-text html[lang="zh-Hant-TW"] #ya-question-detail h1, html[lang="zh-Hant-HK"] #ya-question-detail h1 /* Trending Now */ /* Center Rail */ #ya-center-rail .profile-banner-default .ya-ba-title #Stencil . Bgc-lgr .tupwrap .comment-text /* Right Rail */ #Stencil . If you really want to cash a postdated check for the full amount, take it to the bank that issued the check which is where the check writer has a checking account.However, a rejected payment (or an unexpected withdrawal from your checking account) can cause numerous problems.However, such cheques are risky, this is because if such cheques are lost, the finder of the cheque can collect payment from the bank. Postdating is to put a date on the check for some time in the future, not the current date.Technically a check is a contract, so if a person took a check into the bank and it was dated for tomorrow, they could not cash it. "Kiting a cheque" is slang for writing a bad cheque when there is no money in your account.