What is a post-dated check? | Ask Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

What is a post-dated check?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

A check with a future date does not automatically make it a risk-free guarantee; legal and banking procedures have their rules.

If the transaction is large, do not rely solely on it as collateral for payment.

Source

Discussion

Join the discussion

Sign in to add your comment or reply to other readers.