How do you know if a cheque is valid?
Act, cheque has to be presented within the period of three months from the date of its drawn and thus, after excluding 25th January, 2015, three months period has to be reckoned, cheque having being presented on 24.04. 2015 was well within the stipulated period of three months.
Is paying by cheque safe?
Cheque-writing basics Writing cheques is simple and safe, as long as you get the basics right. Make sure you: write the name of the person or organisation you’re paying. make sure you have enough money in your account to cover the value of the cheque until the person has paid it in and the money has been deducted.
Is it safe to give post-dated cheque?
This is kind of giving assurance to the recipient or the drawee that on this future date, the payment will be honoured. But in reality, it is not always advisable to issue a post-dated cheque. On the other side, the recipient may not be aware of this and he may deposit the cheque into bank resulting in a cheque bounce.
Can I deposit PDC cheque?
So, yes, you can deposit a post-dated check before the date shown, but it isn’t advised. Be prepared for the possibility that the check funds won’t be available. Not only do you not want to incur an insufficient funds fee, you don’t want to go through the trouble of obtaining a reissued check.
Can I cash an old check?
Personal, business, and payroll checks are good for 6 months (180 days). Some businesses have “void after 90 days” pre-printed on their checks. Most banks will honor those checks for up to 180 days and the pre-printed language is meant to encourage people to deposit or cash a check sooner than later.
Can I pay in a cheque at post office?
To pay in cheques, you’ll need a pre-printed paying-in slip and a cheque deposit envelope. Fill in all of the details and hand it to the Post Office staff. Cheques deposited this way take two days to reach your account. You’ll find pre-printed paying-in slips at the back of your cheque book.