Post dating checks in texas
A postdated check is a check with a future date written on it. But you could just as easily postdate it a week and write Jan. People usually postdate checks when they want the recipient (the person or business receiving the payment, also known as the payee) to wait before depositing the check. In general, you’d put the current date of January on the check.and mainly revolves around section 138 of the Negotiable Instruments Act, 1881.
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.Find out if the check was intentionally postdated, and figure out a solution. Most people don’t do this, in part because of the additional fees to monitor the account and prevent payment before the specified date. Because there’s a possibility it won’t clear, you might have better luck depositing those checks.That allows your bank to place a hold on the funds instead of handing over cash immediately.In Serbia post-dating cheques is a customary practice in the retail industry.The retailers will usually accept post-dated monthly cheque payment installments up to several months in advance allowing their customers to pay for expensive goods as a sort of a line of no interest credit.