In banking, a post-dated cheque is a cheque written by the drawer for a date in the future. Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country.

How does a post-dated check work?

Postdating a check is done by writing a check for a future date instead of the actual date the check was written. This is typically done with the intention that the check recipient will not cash or deposit the check until the future indicated date.

What is the purpose of post dated Cheque?

The post-dated check is the most common means of payment for a loan. It is a check that is written and issued by the debtor for a date in the future and may not be encashed or deposited until such time. Debtors use post-dated checks to avoid missing payments on their loans.