Why people create post-
It is a fact that users go for post-dated checks during the situation when they want the receiver or the payee to wait some more time after issuing the check. If it is a post-dated check, then the payee has to wait for some more days, and he cannot approach the bank or any check cashing places on the same day. There are mainly two factors behind why people create post-dated checks. First and foremost, the person who creates post-dated checks or the account holder does not possess enough cash in the respective account, and he wants the payee to wait for sufficient funds to get reflected in the account. On the other hand, if the check is deposited in the bank without enough funds, the check will get bounced, which leads to several other consequences.
Another aspect behind post-dated checks creation may be that the account holder is paying checks for something that will happen in the future or which comes ahead of time. For example, suppose a deal is fixed between the payer and the payee and suppose the particular trade will happen one month after the particular date on which the deal was made. In that case, the account holder will give a check to the payee, and the date mentioned will be one month later, according to the trade.
Legal phase of post-dated checks
Legally no frauds are allowed as far as post-dated checks are concerned as pretending to pay and providing post-dated checks without any plans regarding the account’s funds is a punishable act. The account holder’s sole responsibility is to arrange sufficient funds in the account at the proper date as the payee can present the check in the bank any day after the stipulated checks without the consent form the payee. Hence before the process of creating post-dated checks, the account holder should be more vigilant.
How to create post-dated checks?
It is really easy to create post-dated checks using OnlineCheckWriter. Initially, a check should be designed and created, and all the banking data can be typed in. During this time, checks for the fund are available, and the entire financial situation, and then the check’s date can be typed in accordingly. Either take a print out of the post-dated check that you have created online or another option because the same check can be sent to the payee by mail using OnlineCheckWriter.
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