Don't post-date cheques!

AndyR_3

dag wrote:

Presumably you'd make an exception for loans against guaranteed post-dated cheques that pawnbrokers sometimes offer?

You can't guarantee a post-dated cheque. One of the conditions of the scheme is that "the cheque is dated with the actual date of issue".

JonSimmonds

Back in my student days my landlord wanted post dated cheques before they would let us complete the contract (luckaly my parents were paying my rent for me at the time and they setup a standing order instead) surly in some situations post dated cheques would have to be handed out?

lipidicman

Some landlords really do try it on. If the contract says 'monthly in arrears' then that is all they can ask for.

davidcampbell

JonSimmonds wrote:

surly in some situations post dated cheques would have to be handed out?

whats being said Jon is you can use postdated cheques if you want but you are relying on the goodwill of the person you give it to not to cash it early.

if they do cash it early, your bank have no responsibility to you to not cash it.

the 'risk' is all yours.

DC

ffs

JonSimmonds wrote:

Back in my student days my landlord wanted post dated cheques before they would let us complete the contract (luckaly my parents were paying my rent for me at the time and they setup a standing order instead) surly in some situations post dated cheques would have to be handed out?

When I was a student my Uni required payment by post dated cheque. As a landlord I require payment by postdated cheque. It offers no security to me, accounts can be closed and cheques cancelled, nor does postdating ensure the tenants that the cheques are not paid in to my account early. It is all about trust.

tempest42

It used to be that banking law said they couldnt pay a post dated chq as the chq itself was a written instruction to the bank 1951 banking law and a back had to obey a customers written instructions, but they used to pay them anyway, (once had the yorkshire do this to me) , So to cover themselves they changed the law in 1992 and will now pay on first presentation.