Post dating cheques in ireland, the irish consumer forum

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Post dating cheques in ireland

So the safest practice is not to write post-dated cheques at all and set up a series of standing order payments, provided the recipient is set up to accept automated payments to their account. Welfarite Frequent Poster. Paying a post dated cheque is more of a grey area, however, general banking practise would be not to pay them, dating if they are spotted.

  • Different banks have different policies, but the majority of banks discourage the practice of post-dating cheques.
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  • If the post-dated cheque is cashed early, you can ask your financial institution to put the money back into your account up to the day before the cheque should have been cashed.
  • This is likely to be inconvenient to both you and the person or business you have given the cheque to.

If the bank does not spot that the cheque has been post-dated, sites dating the cheque would then probably be paid before you intended or returned unpaid if you have insufficient funds in your account. They will refund me the interest and waive any Overdrawn fee in this instance also. Has the law changed recently so that I am not allowed to post-date a cheque?

So does a post-dated check have any valid use in a business or personal transaction? Post-dated cheques are common and enforceable. However, by refusing to pay it, they would bounce it and that could cause you issues with the person who you gave the cheque to.

The Irish consumer forum

Postdated Checks & Criminal Law

It is common for the terms and conditions of current accounts to state that post-dated cheques should not be written and will be dishonoured if detected. They did offer to try and undo it but as I was able to transfer the funds to cover it it was a relatively small amount I decided that there was no benefit in this. Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country. What about businesses, surely they rely on post-dated cheques to keep control of their finances? You will need to speak to your bank.

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There are no specific rules on how banks deal with these post-dated cheques if they are paid in before the due date. Because this was an accepted payment method, the receiver of the cheque had a system in place for making sure that the cheques were not paid in before the intended date. Demand the bank reimburse you and rectify the situation. If your bank paid the cheque and increased your overdraft, you should speak to your bank about this, though you might find it was outside the terms and conditions of your account.

Post dating cheques in ireland

Post-Dated Cheques

Where a demand for payment of a cheque is made before the date of the cheque arrives, the cheque shall not, by reason of the demand, be taken to have been duly presented for payment. Many state in their terms and conditions that post-dated cheques should not be written, while some include a note at the front of chequebooks, saying post-dated cheques should not be written. As I was going away on holidays at the end of the month, I handed two cheques to my landlady - one for the current month and one for the following. From Wikipedia, the free encyclopedia. This doesn't prevent the recipient of cashing the check, but it does prevent your bank from charging your account until the date you specify.

Comptroller of the Currency, Administrator of National Banks. If I agreed with the person I was giving the cheque to that I could post-date a cheque but I am later charged as it was paid in early, can I reclaim this charge from my bank? This was the first I was made aware of this. Home Questions Tags Users Unanswered. If I accept a post-dated cheque, free what happens if the account of the person who gave me the cheque is closed before I pay the cheque in?

Your Answer

Post dating cheques in ireland

Money was put back into my account and my landlady received my post-dated cheque in the post with a note to cash it on or after cheque date. However the cheque would be evidence of the debt in the event of a dispute. There are no specific rules on how banks deal with post-dated cheques if they are paid in before the due date. You're writing a future date on the check, not past, dinner dating west midlands to ensure that the check will not be deposited before that day. Does it provide any financial or legal protections at all?

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Post-dated cheque

In the meantime be warned Post-dating does not protect you from the bank cashing it in advance. However, in some other countries banks will not pay a check presented before the date written on it. It can be cashed at any time at the discretion of the bank.

In general, banks do not charge cheque writers for returning a cheque unpaid because it is post-dated. Doesn't Revenue require post dated cheques in certain circumstances e. How are banks letting their customers know that they shouldn't post-date cheques? In Serbia post-dating cheques is a customary practice in the retail industry. In the United States, post-dating a check, on its own, has no valid use.

Businesses should speak to their bank for more information. Cheque Checker Check your cheque using our cheque checker now Use cheque checker. Oh no, thats's news to me! Or you can future date a series of online or mobile banking payments.

  1. You would need to send a notice of postdating to your bank describing the check.
  2. Tell them that will save you having to complain to their area manager or the Ombudsman.
  3. If a bank charges against the account of a customer a check before the date stated in the notice of postdating, the bank is liable for damages for the loss resulting from its act.
  4. This could potentially incur you charges and cause inconvenience to the recipient.
  5. The bank just don't want the hassle of rectifying their mistake so try and put the burden on the person who issues the cheque.
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The post-dated cheque is not payable till the date which is shown on the face of the said document. Keep in mind that this may change from place to place, since not every country has the same rules. Consumers and businesses are advised not to accept post-dated cheques because of the problems they create if they are paid into their bank accounts before the due date.

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