A check that is written with a date later than todays actual date (and this date is often ignored by the bank) is a(n):

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A check that is written with a date later than today’s actual date (and this date is often ignored by the bank) is a(n):

A	stale check
B	postdated check
C	bounced check
D	overdraft check

Explanation:

Detailed explanation-1: -What is a Postdated Check? A postdated check is one that is written with a future date indicated on it. This is usually done to account for an anticipated delay in deposit. For example, you may decide you would like to postdate a check if you are sending in a bill payment earlier than the due date.

Detailed explanation-2: -A post-dated cheque bears a date later than the date it was issued on. It can only be cashed after the date specified by the payer. The post-dated cheque can be valid after the mentioned date but not before it. Hence, even if it is presented to the bank, the bank will not process it until the mentioned date.

Detailed explanation-3: -Post dated cheque It is a type of crossed or accounts payee cheque but it is post-dated to meet the obligation at a future date. It is valid from the date of the issue up to three months.

Detailed explanation-4: -You can make any personal check that you’re writing a postdated check simply by writing a future date in the date section. How far out you push the date can depend on what the check is for and your reasons for postdating it.

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