Post-dated cheque - Revision history

imported>Doug Williamson: Reorder and add header to help readability.

2019-07-17T13:24:06Z

Reorder and add header to help readability.

← Older revision		Revision as of 13:24, 17 July 2019
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	~~A post-dated cheque~~ (PDC) ~~is a [[cheque]] or [[note]] on which the [[drawer]] has written a date later than the date on which the cheque was written~~.		(PDC).

	~~In many jurisdctions, banks will, if funds are available, pay immediately~~ a cheque ~~presented by~~ the ~~[[payee]], disregarding any future dating at the time of presentation, even if they notice it. Accordingly a~~ drawer ~~who~~ has ~~post-dated~~ a ~~cheque as they lack cleared funds at the time of writing, expecting to receive them before~~ the date ~~written, is putting his trust in the beneficiary not to deposit~~ the cheque ~~or present it for payment prior to the stated date~~.		A post-dated cheque is a cheque or note on which the drawer has written a date later than the date on which the cheque was written.

	~~However~~, ~~in some jurisdictions it~~ is ~~customary and contractually usual for some payments to be made using post-dated cheques that are provided to~~ the ~~beneficiary in batches. For example~~, ~~in India it may be usual for tenants to provide cheques in batches of three each quarter in respect of~~ the ~~coming three months' rent and the landlord will deposit them one at a~~ time ~~each month~~ of ~~the quarter~~.		In many jurisdictions, banks will, if funds are available, pay immediately a cheque is presented by the payee, disregarding any future dating at the time of presentation, even if they notice it.

	~~Exact law and practice regarding~~ post-dated ~~cheques may vary between jurisdictions. There are variations between States~~ in the ~~United States - even though US Federal law also applies with additional procedural requirements and criminal offences too~~.		Accordingly a drawer who has post-dated a cheque as they lack cleared funds at the time of writing, expecting to receive them before the date written, is putting trust in the beneficiary not to deposit the cheque or present it for payment prior to the stated date.

	~~In any case, issuing a cheque with no intention of paying is likely to be a criminal offence (a type of fraud) in most jurisdictions.~~

			'''Jurisdictional variations'''

			Exact law and practice regarding post-dated cheques may vary between jurisdictions.

			However, in some jurisdictions it is customary and contractually usual for some payments to be made using post-dated cheques that are provided to the beneficiary in batches. For example, in India it may be usual for tenants to provide cheques in batches of three each quarter to pay the coming three months' rent and the landlord will deposit them one at a time each month of that quarter.

			There are variations between States in the United States - even though US Federal law also applies with additional procedural requirements and criminal offences.


			Issuing a cheque with no intention of paying however, is likely to be a criminal offence (a type of fraud) in most jurisdictions.


			== See also==
			* [[Cheque]]
			* [[Cheque clearing]]
			* [[Drawer]]
			* [[Payee]]

			[[Category:Accounting,_tax_and_regulation]]
	[[Category:Cash_management]]		[[Category:Cash_management]]

imported>Doug Williamson: Update.

2017-11-04T09:31:35Z

Update.

← Older revision		Revision as of 09:31, 4 November 2017
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	A post-dated cheque (PDC) is a [[cheque]] or [[note]] on which the [[drawer]] has written a date later than the date on which the cheque was written.		A post-dated cheque (PDC) is a [[cheque]] or [[note]] on which the [[drawer]] has written a date later than the date on which the cheque was written.

	In many jurisdctions, banks will, if funds are available, pay immediately a cheque presented by the [[payee]], disregarding any future dating at the time of presentation, even if they notice it. Accordingly a drawer who has post-dated a cheque as they lack cleared funds at the time of writing, expecting to receive them before the date written, is putting his trust in the beneficiary not to deposit ~~them~~ or present ~~them~~ for payment prior to the stated date.		In many jurisdctions, banks will, if funds are available, pay immediately a cheque presented by the [[payee]], disregarding any future dating at the time of presentation, even if they notice it. Accordingly a drawer who has post-dated a cheque as they lack cleared funds at the time of writing, expecting to receive them before the date written, is putting his trust in the beneficiary not to deposit the cheque or present it for payment prior to the stated date.

	However, in some jurisdictions it is customary and contractually usual for some payments to be made using post dated cheques that are provided to the beneficiary in batches. For example, in India it may be usual for tenants to provide ~~checks~~ in batches of three each quarter in ~~repect~~ of the coming three months' rent and the landlord will deposit them one at a time each month of the quarter.		However, in some jurisdictions it is customary and contractually usual for some payments to be made using post-dated cheques that are provided to the beneficiary in batches. For example, in India it may be usual for tenants to provide cheques in batches of three each quarter in respect of the coming three months' rent and the landlord will deposit them one at a time each month of the quarter.

	Exact law and practice regarding post-dated cheques may vary between jurisdictions. There are variations between States in the United States - even though US Federal law also applies with additional procedural requirements and criminal offences too.		Exact law and practice regarding post-dated cheques may vary between jurisdictions. There are variations between States in the United States - even though US Federal law also applies with additional procedural requirements and criminal offences too.

imported>John Grout: To create the page

2017-10-31T17:49:05Z

To create the page

New page

A post-dated cheque (PDC) is a [[cheque]] or [[note]] on which the [[drawer]] has written a date later than the date on which the cheque was written.

In many jurisdctions, banks will, if funds are available, pay immediately a cheque presented by the [[payee]], disregarding any future dating at the time of presentation, even if they notice it. Accordingly a drawer who has post-dated a cheque as they lack cleared funds at the time of writing, expecting to receive them before the date written, is putting his trust in the beneficiary not to deposit them or present them for payment prior to the stated date.

However, in some jurisdictions it is customary and contractually usual for some payments to be made using post dated cheques that are provided to the beneficiary in batches. For example, in India it may be usual for tenants to provide checks in batches of three each quarter in repect of the coming three months' rent and the landlord will deposit them one at a time each month of the quarter.

Exact law and practice regarding post-dated cheques may vary between jurisdictions. There are variations between States in the United States - even though US Federal law also applies with additional procedural requirements and criminal offences too.

In any case, issuing a cheque with no intention of paying is likely to be a criminal offence (a type of fraud) in most jurisdictions.

[[Category:Cash_management]]