Post dating cheques illegal

Posted by / 18-Feb-2017 17:48

Post dating cheques illegal

Anytime criminal prosecution is threatened, it is wise to consult with an attorney, whether to ease your concerns about your own actions or to determine if the person threatening is engaging in extortion.And, seeing an attorney early may aid you in clearing up this matter before it blows up into something more complicated and expensive.In the meantime, you can access existing Consumerist content below, and we encourage you to visit Consumer Reports to read the latest consumer news.

This goal addressed the concern that having 50 different sets of state laws governing such transactions would cause confusion, conflict, and delay in interstate commerce.It causes inconvenience to all parties - drawer, drawee and payee.Over the last twelve years, Consumerist has been a steadfast proponent and voice on behalf of consumers, from exposing shady practices by secretive cable companies to pushing for action against dodgy payday lenders.Therefore, the practice of issuing or accepting a post-dated cheque is not encouraged.This is to avoid any incidence of returned cheque due to insufficient funds and the resulting penalty charges.

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a post-dated cheque presented for payment before the date appearing thereon, the cheque will be returned marked post-dated or the bank will hold on to the cheque until it is able to be cashed in.

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