someone banked my cheque early

bitten_by_cutie

someone let me know that they banked my cheque last week.

a large amount, but banked a week earlier than date on it.

both accounts are at same bank, so assume teller accepted the cheque because they checked my bank has enough funds, which it did.

the amount shows as having left my account already - so am I safe, and it will it not get rejected or a fee or something - since the money has left....

I have not confirmed with other person if they money reached their account yet, but it has left mine.

MyOnlyPost

http://www.chequeandcredit.co.uk/information-hub/faqs/post-dated-cheques

This may help

grumbler

It's an urban myth that a postdated cheque can't be cashed earlier.

http://news.bbc.co.uk/1/hi/programmes/moneybox/3537727.stm

https://www.google.co.uk/search?q=postdated+cheque

cheesetoast

Postdating a cheque has no effect whatsoever.

jonesMUFCforever

You owed the money to someone - they banked the cheque - what's the problem?

alanq

Your bank's Ts&Cs may explicitly refer to postdating of cheques.

e.g
Nationwide
"Cheques must only be written in sterling and should not be post dated."

First Direct
"You shouldn’t write a future date on a cheque as the person you’re giving it to may pay it into their account before that date."

Metro
"You should not future date cheques because this does not prevent the funds being taken from your account earlier if the payee pays in the cheque before that date."

Westie983

We are encouraged in the bank to check the DATE, WORDS/FIGURES and SIGNATURE,

that said if its paid in using a paying in machine or envelope system is may have been overlooked or the cashier didn't spot the date.

Cashier should be on heightened awareness at the moment due to cheques saying 2016, and expired cheques so it works both ways.

Joe_Bloggs

If the date on a cheque has no relation to when it should be presented then those who issue cheque books should consider:-
1) Removing the date field as it has no actionable meaning given the treatment of it.
2) Inventing/adopting an acceptable, post dated, payment system.


J_B.

JuicyJesus

Joe_Bloggs wrote: »

If the date on a cheque has no relation to when it should be presented then those who issue cheque books should consider:-
1) Removing the date field as it has no actionable meaning given the treatment of it.
2) Inventing/adopting an acceptable, post dated, payment system.


J_B.

The date field is actually needed however. It is actually used. Probably not examined for smaller cheques, but for larger ones you'd better believe it is.

There is an excellent post-dated payment system that ensures that someone definitely doesn't get paid until the payer wants them to be; it's called future dated Faster Payments. This is yet another problem that would be solved by simply getting rid of cheques.

Voyager2002

JuicyJesus wrote: »

There is an excellent post-dated payment system that ensures that someone definitely doesn't get paid until the payer wants them to be; it's called future dated Faster Payments. This is yet another problem that would be solved by simply getting rid of cheques.

Except that if I make a future-dated Faster Payment, I am not giving my payee any assurance of getting paid.

ERICS_MUM

Joe_Bloggs wrote: »

If the date on a cheque has no relation to when it should be presented then those who issue cheque books should consider:-
1) Removing the date field as it has no actionable meaning given the treatment of it.
2) Inventing/adopting an acceptable, post dated, payment system.


J_B.

Cheques can be refused if presented for payment 6 months after the date written on them.