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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.
The post-dated cheque is not payable till the date which is shown on the face of the said document.
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Look no further than Urban Sitter, the most powerful of all babysitting websites, where you’ll find the best babysitters trusted by parents like you.Some of these include: * The first advantage of becoming part of a dating site is the fact that the quest for individual members is common. Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country.This is known as a post-dated cheque and it cannot be paid until that date arrives.' 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.' 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. 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.(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).