Post dating cheque

When making a request, please refer to the name of this survey: Report a Problem or Mistake on This Page.

Any check or draft that has a future date written upon it by the user.

Here is some helpful information about the use of cheques and how they are processed by financial institutions.

All cheques must be processed – or cleared and settled – through the payments system. When you deposit a cheque into your account, your bank will send the cheque to the bank of the person who wrote the cheque.

A cheque is an agreement of payment between two individuals or organizations.

So when you write a cheque, you are agreeing to pay another individual or organization money that you owe them and you are instructing your bank to make that payment.

That bank makes sure that the cheque is legitimate and there are enough funds in the cheque-writer’s account to cover the cheque, and then sends the funds to your bank.

This process can take a few days but, for most cheques, the bank makes the funds available to the customer right away.Instructions for making a request are provided in the publication Info Source, copies of which are located in local Service Canada Centres.You have the right to file a complaint with the Privacy Commissioner of Canada regarding the institution’s handling of your personal information at: How to file a complaint.But as this cheque was cashed earlier this meant that your current account went overdrawn, so you incurred bank charges and a small loss of interest.You then retrieved the £768 from the other account in time to catch the bond. BM Savings points out that its procedure is to cash cheques on receipt.138 of the Act which says:- Where any cheque drawn by a person on an account maintained by him with a banker for payment of any amount of money to another person from out of that account for the discharge, in whole or in part, of any debt or other liability, is returned by the bank unpaid, either because of the amount of money standing to the credit of that account is insufficient to honour the cheque or that it exceeds the amount arranged to be paid from that account by an agreement made with that bank, such person shall be deemed to have committed an offence and….