Post dating checks in texas
Even if your payee is honest, they may make the honest mistake of forgetting (and leaving you with bad check fees). Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country.In the UK the legislation is clear; 'A cheque is a bill of exchange drawn on a banker payable on demand'.In the United Kingdom, post-dating a cheque carries no legal weight and so such a cheque can be cashed before the due date.It will only become cheque on the date shown on it and prior to that it remains a bill of exchange under Section 5 of the Act.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".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.
If a Canadian financial institution inadvertently accepts and processes a cheque before the due date, the cheque writer may ask his or her financial institution to return the amount until the day before the cheque should have been cashed.If the account does not have sufficient funds, the check might bounce, and you might have to pay insufficient funds or overdraft fees to your bank.You can try to get those fees reimbursed by the check writer, but collecting from somebody who’s already low on funds can be time-consuming and expensive (possibly requiring you to take legal action). at least) typically pay on postdated checks unless the checking account owner specifically instructed them not to beforehand.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.