Postdated Check: Is it Legal & How to Write One
What does post mean?
What Is a Postdated Check?
Primarily, there three parties to a cheque, drawer — who draws the cheque on his bank account, payee — to whom the cheque is payable, i.
Is there a way to avoid writing a postdated check? Conclusion So, the difference between a stale cheque and a post-dated cheque lies in the date mentioned on the cheque, i.
This is automatically forfeited when the debtor is not able to pay back the loan.
The encashment of a post-dated cheque before the stated date varies from country to country.