Postdated Check For Cash
Description
How to fill out Notice To Debt Collector - Depositing A Postdated Check Prior To The Date On The Check?
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FAQ
When you receive or pay a post-dated cheque, you need to record the same in your books. While recording the transaction, change the current date and enter the date as mentioned in the post-dated cheque and mark the voucher as post-dated. You need to mention the date when you will encash the cheque.
Amounts withdrawn from the bank account by cheque should appear on the bank column of the cash book and on the debit side of the bank statement. Cheques deposited, on the other hand, should appear on the debit side in the bank column of the cash book and credit column of the bank statement.
Yes. Banks are permitted to pay checks even though payment occurs prior to the date of the check. A check is payable upon demand unless you submit a formal post-dating notice with your bank, possibly for a fee. Contact your bank about how to provide such notice.
The working of a post-dated cheque is quite simple. Like any other regular cheque, fill out the required. However, instead of adding the current date in the date section, add the date when you want the cheque to be deposited or cashed. The date you add to the cheque acts as a timer for the payee.
Can I write a check for ?cash?" Yes, you can, but it's not a good idea since someone else could cash it if it fell into the wrong hands. If you still really want to write a check for cash, you write ?Cash? as the payee in the ?Pay to the Order of? line on the check.