Emma G
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if it's dated 26.06.07 there's a chance that if they pay it into their account today that the money might be taken from your account on 29.06.07. |
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Paul Rules
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depends. if they bank with the same bank as you, then it'll clear next day.
Post dated chqs can still be put in early... it's not actually allowed for you to give a post dated chq. |
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dels replies
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No you will either have to post date the cheque or tell the recipient not to present it until the 30th. If not the cheque might bounce because your bank was asked to clear it before your funds were available, and you could be fined a hefty penalty by your bank, plus upsetting the person to whom you gave the cheque. |
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stinkypinkyteddybear
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Write a post dated cheque for the 2nd date. |
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alatoruk
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no
bank will ask for it straight away, then sit on it earning interest before releasing it to the payee. either way money will probably be out of your account long before 30th |
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anu m
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No it will not, The chances are the Cheque will bounce and you might also have to pay a penelty for the same.
this will happen if the person submits teh cheque for clearence the same day or any day before you deposit money in your account. in case its submittet for clearence post 30th then the cheque will clear.
You have two options you could ask the person your issuing the cheque to to submit the cheque after the 30th or you could issue a Post Dated Cheque. A bounced cheque gives you a bad financial record, its best to avoid the situation. |
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MARIAM S
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even post dated cheques do not work any more. it can be cashed before the date. been there done that! |
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xXx pink princezz xXx
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i think your gettign the 3 day clearing thing wrong.
it doesnt matter what the date is on it as long as it isnt over a year.
the 3 day clearing thing starts when the person who received the cheques puts it in the bank,
e,g i sent london zoo a cheque on the 1st of this month
they didnt put it in the bank until 14th of this month and it took it 3 days to clear so the money wasnt taken out of my account until 17th june, |
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madison t
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If they put the cheque in right way it could clear on the 28 or 29 however you may be okay because the 30th of June is a Saturday which means the cheque may not clear untill Monday 2 July . |
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jon67cj5
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26th is Tuesday and 30th is Saturday. It takes two days for checks to clear the federal reserve if submitted before 2pm. The check dated on the 26th will clear on the 28th unless it was submitted after 2pm. If this is the case then the check will clear after midnight on the 29th, which is Friday. Your deadline is delinquent by one day, however the bank is not open on Saturday. Therefore unless the person you wrote the check to goes to an ATM, the funds will be available on Monday. |
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