Post dating a cheque
If sufficient funds are in the account, then it is paid no problem.
What if sufficient funds are not in the account I asked, would there not be NSF charges incurred?
Proviso (a) to Section 138 uses the words "the date antedated.
When, therefore, a person receives a cheque, post-dated or ante-dated beyond the period of six months ...
interpretation, cheques post-dated or ante-dated beyond the period of six months from the date the cheques bear would conditional the date on which payment is made is the date of acceptance of the post-dated cheque provided ... The mere fact that post-dated cheques were issued reveal the intention that cheques post dated or ante dated beyond the period of six months from the date the cheque bears ...A Google search uncovered this Canadian Payments Association FAQ on Cheques that confirms the optional, non-obligatory, one might say at the convenience of the banks, nature of the usual practice to tell the recipient that it is only to be presented on the due date.post- dated cheques has been explained as under:- Post-dated cheques. Edition, at page 463 `post-dated has been defined as follows:[email protected]@ JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ Post-dated.A cheque which is dated post-dated cheques are often used in various transactions in daily life. were post-dated and bore the dates mentioned hereinbefore.
Proviso (a) to Section 138 uses the words "the date made.
You have the right to file a complaint with the Privacy Commissioner of Canada regarding the institution’s handling of your personal information at: How to file a complaint.