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Post-dated cheques are common and enforceable. [9] In 1998, the Supreme Court ruled that a post-dated cheque is a bill of exchange and does not become payable on demand until the date written on the cheque 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.
You could also consider scheduling a future payment through your bank account if you think writing a postdated check might be too risky. Many banks offer online bill pay services that allow you to ...
When writing out paper checks, there are several key pieces of information to include. Along with the payee's name and amount, you'll also need to add the date the check was written. If you'd like ...
If the check you are trying to cash is post-dated, meaning it has been made out to be cashed or deposited on a future date, the bank may deny cashing it. ... People often put hold payment requests ...
The party making the payment is commonly called the payer, while the payee is the party receiving the payment. Whilst payments are often made voluntarily, some payments are compulsory, such as payment of a fine. Payments can be effected in a number of ways, for example: the use of money, whether through cash, cheque, mobile payment or bank ...
Post-dated cheque; References. 3 UCC 113 from the Cornell Law Center's online version of the Uniform Commercial Code This page was last edited on 31 May 2019, at 15: ...
A banker's acceptance starts with a deposit in the amount of the future payment plus fees. A time draft to be drawn on the deposit is issued for the payment at a future date, analogous to a post-dated check. The bank accepts (guarantees) the obligation to pay the holder of the draft, analogous to a cashier's check.
I found that they had cashed a check that I had postdated three days early. To. My first indication of trouble was a flurry of overdraft fee notices from Chase. I knew the balance was low, but ...