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Under the clearing rules of the Canadian Payments Association, a post-dated cheque cannot be cashed prior to the date written on it.If a Canadian financial institution inadvertently accepts and processes a cheque before the due date, the cheque writer may ask their financial institution to return the amount until the day before the cheque should have been cashed.
Technically, you can deposit or cash a postdated check as soon as you receive it. That’s because postdating a check does not obligate the person who receives it or the bank to honor the date on ...
Post-dated cheque From a modification : This is a redirect from a modification of the target's title or a closely related title. For example, the words may be rearranged.
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My first indication of trouble was a flurry of overdraft fee notices from Chase. I knew the balance was low, but nowhere near zero, so I checked my recent transactions. I found that they had ...
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 ...
The counterfeit cashier's check scam is a scheme wherein the victim is sent a cashier's check or money order for payment on an item for sale on the Internet. When the money order is taken to the bank it may not be detected as counterfeit for 10 business days or more, but the bank will deposit the money into the account and state that it has ...
An antedated contract is a contract whose date is in the past; formally, a contract where the effective date on the contract is prior to the date on which the contract is executed (written, signed, made effective).