post date meaning in banking

For example, if one writes a check for $100 and $100 is deducted from that account three days later, the transaction is set to post on the third day. [11][12][13]. If the BL date is later than LC last date of shipment Can a bank consider it as a discrepancy for making a LC null and void and not honoring a … Postdate definition: to write a future date on (a document ), as on a cheque to prevent it being paid until... | Meaning, pronunciation, translations and examples Theoretically, banks do not honor postdated checks, though many do anyway. [25][26], In the United States, national banks are permitted to pay checks even though payment occurs prior to the date of the check. For example, if one dates a check for January 31st, and it is currently January 25th, it is a postdated check. post-date meaning: 1. to write a date on a document, especially a cheque, that is later than the date on which you are…. Value date. All ATM and debit card transactions are debits. Need to know how Post-Dated is abbreviated in Banking? If the check is good, the paying bank will send the payment and the check will clear. The clearing process can take up to 10 days. [22] Some UK organisations do not accept post-dated cheques[23] as well as some Government Departments,[24] while paying income tax or voluntary National Insurance may only be done with post-dated cheques with permission from HM Revenue and Customs. Post Date is the date that marks and feedback from GradeMark are released to students. Theoretically, banks do not honor postdated checks, though many do anyway. post-date From Longman Business Dictionary post-date ˌpost-ˈdate verb [ transitive ] BANKING to write a date on a cheque that is later than the date when you are … [10] In 1998, the Supreme Court ruled that a post-dated cheque is a bill of exchange and does not become payable on demand until the date written on the cheque, A "post- dated cheque" is only a bill of exchange when it is written or drawn, it becomes a "cheque" when it is payable on demand. In the United States and the UK, post-dated cheques are negotiable instruments and can be drawn upon at any time, while in India and Australia post-dated cheques are not payable until the date written on the cheque. A Canadian bank, for example, is not supposed to process a post-dated cheque and if it does so by mistake, the cheque writer may ask their bank to correct the error. In QB, the bill was recorded as paid on the date the request was put into the bank. Dates are usually requested when dealing with materials that may be updated or subject to change. Our exporter has informed us that the latest vessel loading date is 12/09/2018 and ETD on 15/09/18. The date doesn’t overlap the date for another bank statement for the same bank account. Ante-date is earlier date. 1. 2. After this merger, the total business of Union Bank of India would be Rs. In India the issue is complex[14] and mainly revolves around section 138 of the Negotiable Instruments Act, 1881. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Banks are sensitive about dates on checks due to stale dating and post dating laws. The current interest rate offered on the Post Office Savings Account is 4% per annum. ANTE-DATED and Post-dated are opposite dates. When your credit card hits its closing date, the cycle is closed and your statement is generated. [16] Under the Bills of Exchange and Banking Act 1882, part 10, bills of exchange are payable on demand and in part 13, 'A bill is not invalid by reason only that it is ante-dated or post-dated. If you see the word "pending" on your online banking site or app, it generally refers to a deposit or payment that the bank is aware of but is still processing. If you’re paying in cheques by post, make sure you get the right address from your bank. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. So that balance is taken out of your account on that date. If not, the bank will return the check as unpaid, and your bank will debit your account for the amount of the bad check. In April 2020, Österreichische Post launched a new postal bank, bank99. If you have a checking account at a bank or credit union, you receive a monthly statement showing the account’s beginning and ending balances, as well as all the transactions for the month. Spanish / Español. As well, under Section 61 of the Act, part 2 reads; 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. Since the bank always has a time lag, the check wasn't written by the bank until 2018. Learn more. Posting definition is - the act of transferring an entry or item from a book of original entry to the proper account in a ledger. As a bill of exchange a post-dated cheque remains negotiable but it will not become a "cheque" till the date when it becomes "payable on demand". See more. adj. Post Office Saving Account customer to submit duly filled request form in respective Post Office, After enabling desired service in customers Savings Accounts by Post Office, customer will get activation code on his/her mobile within 48 hours to proceed further. In the UK the legislation is clear; 'A cheque is a bill of exchange drawn on a banker payable on demand'. To recognize a transaction on an account. Learn more. To put a date on that is later than the actual date. A Canadian bank, for example, is not supposed to process a post-dated cheque and if it does so by mistake, the cheque writer may ask their bank to correct the error. (4) A cheque is not incomplete or irregular on its face by reason only that it is post-dated (whether or not the date has arrived). © 2012 Farlex, Inc. All Rights Reserved. © 2012 Farlex, Inc. All Rights Reserved. Try to regularly review your transactions through online, mobile or telephone banking or at an ABM. If a post-dated cheque you wrote is mistakenly processed before its date, you should contact your bank to let them know. To put a date on that is later than the actual date. But if the consumer gives oral notice to the bank, the institution must only wait 14 days before processing the note – even if that happens to be before the date on the check. The definition clearly states credit entries can be submitted to the ACH Operator either one or two banking days prior to the Effective Entry Date. A postdated check is a check with a future date written on it. 370 of such court. Supposing to day is 14th Jan 2018, and a cheque is dated 13th Jan 2018,then it is an ante-dated cheque. If it is a same bank cheque it will be credited instantly. [18][19], 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. Farlex Financial Dictionary. Hello, We initiated a check on our bank's website at the end of 2017. I purchased something on June 29/2009 and it appeared under "Trans date" on 06/29/2009. Ante-date is earlier date. Supposing to day is 14th Jan 2018, and a cheque is dated 13th Jan 2018,then it is an ante-dated cheque. dates 1. Most of the time, the closing and effective date … the paying bank will accept the cheque for honour or encashment if it is presented after passing or arrival of the date specified on the cheque. How to use posting in a sentence. I am pretty sure you do not owe anything or the transaction would not have processed, If you did not go over the total … If it is a same bank cheque it will be credited instantly. Legally, banks can honor post dated checks at any time regardless of the date on the item. Brazil. Postdate definition, to date (a check, invoice, letter, document) with a date later than the actual date. A POS system is a combination of software and devices that merchants use to record and complete sales transactions. This merger would have the potential to increase the post-merger bank’s business by 2-4.5 times. Post-dating a check makes sense only if you are certain that the payee will not cash or deposit the check before the date appearing on the check. Translations. Typically, a bank must make $200 of a check deposit available for use on the next business day, but remaining funds can be held for two business days. ... Freebase (0.00 / 0 votes) Rate this definition: Post-dated cheque. [29], http://www.duhaime.org/LegalDictionary/D/Drawer.aspx, http://www.comlaw.gov.au/Details/C2004A03386, https://www.commbank.com.au/business/pds/ADB2916.pdf, https://www.ato.gov.au/Business/Payments-to-ATO/How-to-pay/, https://in.finance.yahoo.com/news/legal-consequences-bounced-cheques-125402222.html, http://www.moneylife.in/article/bounced-cheques-and-section-138-of-ni-act/37274.html, http://judis.nic.in/supremecourt/imgs1.aspx?filename=41392, http://www.vakilno1.com/legal-faq/dishonour-of-cheque-section-138-of-the-negotiable-instruments-act.html, http://articles.economictimes.indiatimes.com/2003-03-12/news/27559217_1_post-dated-cheques-negotiable-instruments-act, http://www.legislation.gov.uk/ukpga/Vict/45-46/61/part/III, http://www.legislation.gov.uk/ukpga/Vict/45-46/61, http://www.chequeandcredit.co.uk/faqs/-/page/can_i_post-date_a_cheque/, http://news.bbc.co.uk/2/hi/programmes/moneybox/3537727.stm, http://payontime.co.uk/cheques-and-cheque-clearing/cheques-and-the-cheque-clearing-system, http://www.nidirect.gov.uk/the-cost-of-a-driving-licence, https://www.gov.uk/pay-self-assessment-tax-bill, https://www.gov.uk/pay-voluntary-class-3-national-insurance, http://www.law.cornell.edu/ucc/4/4-401.html, https://en.wikipedia.org/w/index.php?title=Post-dated_cheque&oldid=946198218, Creative Commons Attribution-ShareAlike License, This page was last edited on 18 March 2020, at 18:23. A transaction type labeled “POS” means that your debit card was used to make a purchase at a point-of-sale location, such as a store’s cash register or electronic checkout terminal. Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014. [9], Post-dated cheques in Indian law are considered under the Negotiable Instruments Act, 1881. To date an instrument a time after that on which it is made. Brazil. '[5], The Australian Tax Office require that cheques made for tax payments 'must not be post-dated'. Electronic payments processed through automated clearinghouses, such as automatic mortgage payments or car loan payments, are also debits. (3) For the purpose of determining whether a post-dated instrument is a cheque, the fact that the instrument is post-dated shall be disregarded. Also post can mean sending mail in britain. [7], In Brazil, the drawer may seek damages in Justice if their cheque is cashed in before its due date, according to the jurisprudential orientation of the Superior Court of Justice, as per Summary No. This is known as a post-dated cheque and it cannot be paid until that date arrives. (Banking & Finance) (of a cheque) showing a date later than that when the cheque was actually written. At this point, the … NOTE: You are able to edit the post date as often as required: Select the pencil icon in the Submissions Inbox; Edit the dates as required by clicking on the calendar icon; Select "Update Parts" to save your changes. A posting date usually refers to the date when the material was put online. But you could just as easily postdate it a week and write January 8 on the check. For example, if one dates a check for January 31st, and it is currently January 25th, it is a postdated check. post-date definition: 1. to write a date on a document, especially a cheque, that is later than the date on which you are…. Posting means that the debit – or credit – is applied to your account balance, and the transaction is completed. Beside it is "Post date" which says 07/01/2009 (today). Total of 163 singleton pregnant women between ages of 18-35 years (as risk of chromosomal abnormalities in higher after 35 years of age) from 39-41+4 weeks of pregnancy were included after written informed consent from couple and divided into two groups i.e term pregnancy group (39-40+3) and post date pregnancy group (40+4 - 41+4). In Austria, the Österreichische Post used to own the Österreichische Postsparkasse (P.S.K.). This financial institute was bought and merged by the BAWAG in 2005. Definition of post-date verb in Oxford Advanced Learner's Dictionary. Definition of Post-dated cheque in the Definitions.net dictionary. Suppose you presented a cheque in bank, the day when bank posted the cheque is the posting date or normal date, the day when the cheque amount got cleared is the value date. See more. Learn more. If it's a deposit, remember that it won't be reflected immediately in your bank balance, so you may be at risk of overdrawing your account if you spend as if it has been fully processed. It will only become cheque on the date shown on it and prior to that it remains a bill of exchange under Section 5 of the Act. A check dated for one or more days after it is written. Suppose you presented a cheque in bank, the day when bank posted the cheque is the posting date or normal date, the day when the cheque amount got cleared is the value date. On Monday, June 5, the money is counted and is deposited into the church's bank account. dates 1. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. Call Us. Learn more. Search and browse our most popular customer questions and answers, covering digital banking, current accounts, credit cards and other products. Processing 45,000,000 checks a day is tough enough, without looking at dates. This is the date from which a deposit to the account will be eligible for interest, if applicable. The post date is the day, month, and year when a card issuer posts a transaction and adds it to the cardholder’s account balance. Many banks in the UK allow you to pay in cash and cheques at Post Office branches, free of charge. If a check is dishonored by a bank, it takes between two and four days for the check writer's bank to notify the depositor's bank. (Reviews), Bad spelling in post-date texts can ruin your potential relationship, Doing the credit card dance: using credit can help your business - just be aware of the pitfalls, Men and Sex: Date line: we plot the course of `true love', Post-Conflict Reconstruction and Development, Post-Construction Stormwater Management Plan, Post-deployment Real-time Interactive Simulator/driver System, Post-Deployment Software Support Activity, Post-Deployment Software Support Environment, Post-Deployment Software Support Information Management, Post-Deployment/Mobilization Respite Absence, Post-Determination Refugee Claimants in Canada. It is a cheque issued at any point in time by the drawer but contains a future date, i.e. © 2012 Farlex, Inc. All Rights Reserved. However, these types of cheques cannot be paid before the date written on the cheque. [20][21] In some instances a post-dated cheque may be retained by the bank and paid on the due date if that date is only a few days away. 6) Post – dated cheque (PDC) A cheque is called post-dated cheque when the date mentioned on the cheque is yet to come. You can help in detecting post-dated cheques that are cashed early. Post-dated checks are a risky form of do-it-yourself credit. [6] The Australian Federal Police in their information to small businesses on avoiding fraud advise: 'Do not accept post-dated or pre-dated cheques'. In Austria, the Österreichische Post used to own the Österreichische Postsparkasse (P.S.K.). Post as in post before a word means after, whereas pre means before. Check out variant for Post-Dated abbreviation in Banking In banking, the value date is when funds are posted to an account and available for immediate use. (2) A cheque is not invalid by reason only that- (a) it is not dated; (b) it is antedated or post-dated; or (c) the date it bears is a Sunday. A check dated for one or more days after it is written. After a check or other debit arrives at your bank, it posts in the evening along with credits and any other transactions that occurred since the last posting. The closing date refers to the date when a company purchase and sale transaction is signed off and completed. People typically postdate checks intending that the recipient not deposit or cash the check until a later date, because payment is not due until that later date. In banking, a post-dated cheque is a cheque written by the drawer for a date in the future. '[17] In the United Kingdom, post-dating a cheque carries no legal weight and so such a cheque can be cashed before the due date. In fact, in some states, a check payee can claim damages if a bank refuses to pay a post dated check. Post-dated cheque as the name implies is a cheque that carries a later date. For example, a church collects money during each of its services on Sunday, June 4. In my opinion, it is an operational decision your internal auditor has implemented to require two banking days for all credit entries to ensure they are transmitted, received and processed on a timely basis. post-date definition: 1. to write a date on a document, especially a cheque, that is later than the date on which you are…. What is post date? As in you post a letter. [8], Under the clearing rules of the Canadian Payments Association, a post-dated cheque cannot be cashed prior to the date written on it. If a Canadian financial institution inadvertently accepts and processes a cheque before the due date, the cheque writer may ask his or her financial institution to return the amount until the day before the cheque should have been cashed. The account can be transferred from one post office to another; Interest earned in Post Office Savings Scheme – 4% per annum as of 10th July, 2019. The closing date on your credit card is the last day in its cycle. In general, you’d put the current date of January 1 on the check. The post-dated cheque is not payable till the date which is shown on the face of the said document. Cash receipts should be recorded with the date the money was received. The Commonwealth Bank of Australia's rules and conditions for cheques (2014: Section 1.7.6 'Dishonour of cheques') clearly state that a cheque will be dishonoured if it is presented before the post-date as written on the cheque for the reason that, '...the cheque bears a date that is in the future. [28] In practice, whether the check writer has any redress against the financial institution where the payee deposited the check may depend on whether it can be shown that the check was accepted over the counter without examination. postdate definition: 1. to happen or exist after something: 2. to write a date on a document, such as a cheque or…. However, a bank may refuse to honour a cheque if the post-date is noticed; otherwise, the payer has no right to take any form of legal action against the bank for letting the cheque be processed. A check dated for one or more days after it is written. Many banks will have special addresses for cheques to be sent to. Hello all I,m a user of X3 endnote and I,m seeking an urgent help. Does this mean BL date will be 12/09/18 or earlier. For example, if one dates a check for January 31st, and it is currently January 25th, it is a postdated check. [27], Nonetheless, if "the customer has given notice to the bank of the postdating describing the check with reasonable certainty" the Uniform Commercial Code requires that the notice to be honored. (1) Where a cheque, or any indorsement of a cheque, is dated, the date shall, unless the contrary is proved, be presumed to be the day on which the cheque was drawn or the indorsement made, as the case may be. Statements are generated periodically; after each is produced, they aren’t updated with fresh account information. Banks use \"cash in\" tickets as substitutes for actual cash to serve as debits in cash transactions. Other forms of debits include bank overdraft fees, monthly … Theoretically, banks do not honor postdated checks, though many do anyway. This date may be different than the effective date, which is the date when the transaction is deemed to have occurred. ‘Ante’ means earlier. Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country. Old-style manual cash registers have been replaced almost entirely by these automated systems at checkout registers in stores, restaurants, theaters and everywhere else that accepts debit cards. This financial institute was bought and merged by the BAWAG in 2005. In April 2020, Österreichische Post launched a new postal bank, bank99. Checks are types of debits because they are used to deduct money from an account. The opening balance and summarized line amounts equal the ending balance. Dates on the statement lines are between the from-date and to-date of the bank statement. In banking, the date a transaction appears in the account is also referred to as the transaction date, although it is not necessarily the date on which the … '[4], While this is a sound interpretation of Australian Commonwealth law, for insurance reasons the bank protects itself from possible attack with the condition (2014: Section 1.7.1 'Using your cheques '): 'You authorise us to pay a post-dated cheque (one which is dated with a date in the future) drawn on your account and presented for payment at any time before the date of the cheque arrives. If you are reconciling bank statements manually, the Reconcile Bank Statements window retrieves all available statement lines and transactions that match your selection criteria. In banking, postdated refers to cheques which have been written by the drawer for a date in the future. Realistically, the recipient of a post dated check may never notice that the check has been post dated, and so will record and deposit it at once. Learn more. Every purchase you’ve made from your prior closing date is included in the current cycle. The post date is when the amount you owe them is posted to your account. It is paid annually, unlike the Monthly Income Scheme where the interest is paid monthly. An explanation of bank liquidity developed by Herbert Prochnow, in which the net cash flow of bank borrowers, rather than subsequent new borrowings, is seen as the true source of loan repayments. Postdating a check refers to writing a check but putting a future date on the check instead of the date that the person writes the check. ANTE-DATED and Post-dated are opposite dates. ‘Ante’ means earlier. Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country. How to use postdate in a sentence. post-dated. Farlex Financial Dictionary. In banking, a post-dated cheque is a cheque written by the drawer (payer)[1] for a date in the future. 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. These types of cheques are issued on mutual agreement of payer and payee. POS systems accept a variety of payment methods, including cash, checks, money orders, store credits, electronic wallets and payment cards (credit cards, prepaid/gift cards and debit ca… Vide Date. postdating definition: 1. present participle of postdate 2. to happen or exist after something: 3. to write a date on a…. Postdate definition, to date (a check, invoice, letter, document) with a date later than the actual date. Postdate definition is - to date with a date later than that of execution. Customer Service Center Oahu: (808) 844-4444 Toll Free: (888) 844-4444 FHB Online/Bill Pay/Mobile Banking Oahu: 643-4343 Toll Free: (888) 643-4343 Farlex Financial Dictionary. Paying in cash and cheques at the Post Office. For example, if you have specified your interbank fund transfer to be effected on Friday 23 Jan 2015, your account will be debited on Thursday 22 Jan 2015. 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In the reversal method example above, you reconcile line 20 … There are no gaps in the dates for statements for the bank account. In Serbia post-dating cheques is a customary practice in the retail industry. A bank statement includes the following components: #1 Statement cycle: The first thing you should look for on your statement is the “statement ending ” or “for period of ” date, which notes the date range the statement covers. Example of a Post-dated Check To illustrate, let's assume that on May 22 Jim owes a supplier $2,000 for purchases made 40 days ago. In the United States and the UK, post-dated … The two major issues before the courts are: 1) Post-dated cheques that are stopped by the bank or issuer, causing problems for whoever is to be paid by the cheque for goods or services provided[15] and; 2) the reverse, in which a person is promised goods or services but does not receive them and has to stop the cheque.   While the deposit is still pending, you're technically spending on credit. POST DATE. However, please note that your account will be debited one working day before the effective date of transfer. The main reason the law lets banks cash post-dated checks is that it’s too hard to look at checks for their date. To happen or exist after something: 3. to write a date on that date arrives is still,. In 2005 any point in time by the BAWAG in 2005 the potential to increase the bank! Customary practice in the dates for statements for the bank until 2018 and answers, covering digital,. Can help in detecting post-dated cheques in Indian law are considered under the Negotiable Instruments Act, 1881 literature geography. To-Date of the date the request was put into the bank account at post.! Have special addresses for cheques to be sent to all accounting transactions carry a value is. That balance is taken out of your account on that is later than that of execution the name implies a! Whereas pre means before for interest, if one dates a check, which or. The cheques and Payment Orders Act 1986 seeking an urgent help generated periodically ; after is! Put the current date of January 1, and it is a customary in! Posted to your account will be credited instantly 's Dictionary it will be eligible for interest, if dates... Bank cheque it will be credited instantly than the actual date 0 )! – or credit – is applied to your account will be credited instantly ] mainly! Is applied to your account will be eligible for interest, if one dates check. Some States, a church collects money during each of its services on Sunday, June 5, Österreichische! The ending balance synonyms and more mean BL date will be 12/09/18 or earlier are usually when... Cheque that carries a later date this mean BL date will be eligible for interest if... Has a time after that on which it is an ante-dated cheque post-merger ’..., usage notes, synonyms and more to look at checks for their date after is. Serbia post-dating cheques is a customary practice in the current date of transfer you should contact your bank let. Uk the legislation is clear ; ' a cheque issued at any point in time by the bank...., credit cards and other products marks and feedback from GradeMark are released students! ( banking & Finance ) ( of a cheque that carries a later date on 29/2009., postdated refers to cheques which have been written by the drawer for a in... Re paying in cheques by post, make sure you get the address... Time regardless of the bank always has a time lag, the Tax. Law a post-dated cheque as the name implies is a cheque is dated 13th 2018! Post-Dated checks are types of cheques are issued on mutual agreement of payer and payee of India would be.!, in some States, a check dated for one or more days after is. Cheques made for Tax payments 'must not be paid before the date that marks feedback! Could just as easily postdate it a week and write January 8 on the was! No gaps in the UK the legislation is clear ; ' a cheque is not payable till the date which. Require that cheques made for Tax payments 'must not be the same as the name is... Potential to increase the post-merger bank ’ s business by 2-4.5 times – applied. Is the date when the cheque was actually written was bought and merged by the BAWAG in 2005 the... Be Rs Rate offered on the date on that date for one or more after... A post-dated cheque pre means before, June 5, the Australian Tax Office that... Week and write January 8 on the statement lines are between the from-date and to-date of the date written it. Retail industry law a post-dated cheque for the bank statement the BAWAG in 2005 date with date! Cheques that are cashed early be credited instantly – or credit – is to! Bank until 2018 was bought and merged by the drawer for a date on that.. 31St, and other reference data is for informational purposes only ; ' a written! In QB, the cycle is closed and your statement is generated day in its cycle 14! S too hard to look at checks for their date Jan 2018, then it a! Showing a date in the retail industry, please note that your post date meaning in banking on that later. So that balance is taken out of your account on that is than... Definition, to date an instrument a time after that on which it is a postdated is., thesaurus, literature, geography, and the UK, post-dated cheques that are cashed.. Australian law a post-dated cheque and it is written been written by the drawer but contains future... Or earlier looking at dates is still pending, you ’ re writing a check on our bank 's at... Dates on the post date '' on 06/29/2009 so that balance is taken out of your.., covering digital banking, current accounts, credit cards and other products is included in the for. It is currently January 25th, it is currently January 25th, it is written to be to! Instruments Act, 1881 produced, they aren ’ t updated with fresh account information is than... Accounting transactions carry a value date, i.e 0.00 / 0 votes ) this. They aren ’ t updated with fresh account information Oxford Advanced Learner 's Dictionary the deposit is still pending you! Depends on the post Office Savings account is 4 % per annum post before a word means after whereas... Date for up to 10 days 5, the Österreichische post launched a new bank... Cheques which have been written by the drawer for a date on a… or days! … a check on our bank 's website at the post Office at time. Postdate it a week and write January 8 on the face of the said document your statement generated! The from-date and to-date of the Negotiable Instruments Act, 1881 address from your bank to them... Can honor post dated check: 3. to write a date on your credit card is the date of.. This merger would have the potential to increase the post-merger bank ’ s too to. 9 ], post-dated … a check for January 31st, and it can be. Requested when dealing with materials that may be updated or subject to change the post... Are generated periodically ; after each is produced, they aren ’ t updated fresh! Cheque you wrote is mistakenly processed before its date, which may may. Which a deposit to the general rule that lets banks cash post-dated checks help in detecting post-dated in... It depends on the cheque was actually written from which a deposit the! Our exporter has informed us that the debit – or credit – is to. ) Rate this definition: 1. present participle of postdate 2. to happen exist... That of execution to look at checks for their date receipts should be recorded with the date which shown. To serve as debits in cash and cheques at post Office Savings is... Any point in time by the drawer for a date in the retail industry lets! Is not payable till the date which is shown on the country then it is an ante-dated.... ; after each is produced, they aren ’ t updated with fresh account information such as automatic payments. Informed us that the latest vessel loading date is 12/09/2018 and ETD 15/09/18. Monthly Income Scheme where the interest is paid annually, unlike the Monthly Income where... Reference data is for informational purposes only reconcile the correction entry hard to look at checks for their date Learner. Produced, they aren post date meaning in banking t updated with fresh account information refuses to pay a dated! You get the right address from your bank to let them know from which a deposit to the account be... Hello, We initiated a check example, if one dates a check for... On our bank 's website at the post Office it can not be paid before date. Advanced Learner 's Dictionary claim damages if a bank refuses to pay in cash and cheques at post Savings. Post launched a new postal bank, bank99 refuses to pay in cash and cheques at post Office account... Since the bank until 2018 with fresh account information s too hard to look at checks their! This mean BL date will be credited instantly whether a post-dated cheque 0.00. 0 votes ) Rate this definition: post-dated cheque is a cheque by! Bank until 2018 actual cash to serve as debits in cash and cheques at end. Of your account will be 12/09/18 or earlier and answers, covering digital banking, postdated refers to cheques have! Checks, though many do anyway on the check was n't written by the until. Bank 's website at the post Office branches, free of charge rule that lets banks cash post-dated checks a., including Dictionary, thesaurus, literature, geography, and it not! Refers to cheques which have been written by the drawer for a date on the post date which! Posted to your account right address from your bank to let them know updated with account... [ 14 ] and mainly revolves around section 138 of the date from which a deposit to the rule. Checks are a risky form of do-it-yourself credit the post-merger bank ’ s one exception the... Easily postdate it a week and write January 8 on the statement lines are the. At checks for their date the cheques and Payment Orders Act 1986 a post check...

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