Post Dated Cheques

legal or not in the UK?

link to info if possible please

Comments

  • JimmyTheWig
    JimmyTheWig Posts: 12,199 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I have always believed them to be illegal as the date and signature go hand in hand.
    Not sure what this means in practice, though.

    Don't have a link, I'm afraid. Just what I believe.
  • antenna
    antenna Posts: 1,776 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    A post dated cheque can be presented to the bank at any time,if it bounces the cheque writer will be charged for a bouncing cheque regardless of the date on the cheque.
    It is illegal to write and sign a cheque that does not have the funds on the day the cheque is signed
    Political?....I dont do Political....well,not much!
  • Watch out with post dated cheques. It's very possible for the date on the cheque to go through the whole clearing cycle unnoticed, so don't bank on money not leaving your account til after the date on the cheque.
  • LittleVoice
    LittleVoice Posts: 8,974 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    antenna wrote: »
    It is illegal to write and sign a cheque that does not have the funds on the day the cheque is signed

    No it's not.

    Or can you point us to the legislation where this is stated.
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