Come again? are Postdated Checks? Postdated checks are written on the road to be drawn from the checking account only taking into account a certain date. During other words, postdated checks only become "functional" similar to the date mentioned on top of the checks. This channel that the initial owner of postdated checks cannot use them until the date on the checks has come. This is not necessarily true, though, as there are a number of banks that will in reality accept postdated checks next will deposit funds keen on the check holder's report in exchange for the postdated checks, even rather than the date of the check's date has appear.
The primary distinction of postdated checks in that instance, then, is to a postdated check cannot be drawn from the checking account of the drawer on a assignation prior the date listed on the check. That means that if the drawers of postdated checks know that they order be receiving deposits going on a certain date, thereupon they can ensure to the deposits will be in their checking accounts prior to the portrayal of the postdated checks.
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