Paid in post-dated cheque

Pound

Someone gave me a cheque which I banked the following day. Only later did they tell me the cheque was post-dated by a few days!

Yeah, I should have checked but the cashier didn't notice either. On my bank statement I see two transactions for the value of the cheque:

UNPD CHQ RDPR
REPRESENTATION

Presumably the bank have decided rather than return it to me just to put it through the system again since it's no longer post-dated.

Am I likely to have to pay a fee for this?

opinions4u

Most banks don't charge for this.

But you're friend's bank will almost certainly charge him.

Most banks also have T&CS that don't allow customers to draw post dated cheques.

JuicyJesus

Pound wrote: »

UNPD CHQ RDPR
REPRESENTATION

Presumably the bank have decided rather than return it to me just to put it through the system again since it's no longer post-dated.

RDPR is a reply given by the bank the cheque is drawn on. It stands for "Refer to Drawer Please Represent", and basically means "This bloke doesn't have the money, but we reckon he will if you stick the cheque through again". This doesn't mean the cheque will be paid this time, just that the other bank thinks it might be, based on what they know of their account holder. Your bank have put through the cheque again on this basis.

If the other bank was returning because the cheque was postdated, they'd use the specific reason code for postdated cheques. In all likelihood, the date on the cheque wasn't looked at.

MoneySaverLog

I did not think there was such a thing as a post dated cheque. I was always led to believe that a post dated cheque could always be paid into a bank account at anytime before the date and be paid and the bank does not have to honour any "post dating".

pvt

MoneySaverLog wrote: »

I did not think there was such a thing as a post dated cheque. I was always led to believe that a post dated cheque could always be paid into a bank account at anytime before the date and be paid and the bank does not have to honour any "post dating".

Agree 100% with that.

Furthermore, I was always given to understand that if your own bank won't allow you to pay in a cheque because it is either post dated or out of date, you can still insist that they present it. The cheque is an instruction to their own bank from the person writing it, and it's not for the recipient's bank to arbitrate/validate/verify/interpret that instruction.

Pound

Oops, the bounced cheque has cost my friend £25.00! I know it's not the bank's error but that's an obscene amount of money to charge.

ses6jwg

Post dated cheques are big no no for banks in the UK as they are often abused for fraudulent purposes.

Gromitt

Pound wrote: »

Oops, the bounced cheque has cost my friend £25.00! I know it's not the bank's error but that's an obscene amount of money to charge.

It might be, but the bank will look at it as he wrote a cheque knowing he had insufficient funds in the account. Thats pretty much fraud. If he does it more than once in a period of time, some banks will close the account, saying they no longer want your business.

If he didn't want the charge, he shouldn't have wrote out the cheque until he had funds!

Pound

It wasn't fraud but a genuine mistake. She had a cheque in her account that hadn't cleared. That was the reason the cheque was post-dated but I guess she forgot to tell me.

k12479

So, as Grommitt says, she wrote a cheque without having sufficient funds to pay for it.

Pound

k12479 wrote: »

So, as Grommitt says, she wrote a cheque without having sufficient funds to pay for it.

OK, you win the thread, well done.