PDC CHEQUE
Jan 1st 2009 | 4:51 pm
#32
BE Forum Addict
Joined: Aug 2007
Posts: 3,287
Re: PDC CHEQUE
Yes, sorry Boxman, sullied your thread with off-topic arguments.
Some banks will take no notice of PDC's and will simply honour the cheque if it is correctly signed and the funds are availabe in the account.
Can't hurt to present the cheque and see what happens; your bank can only get back to you with the reason if the cheque fails. If it is because it is wrongly dated, you can represent the cheque on the due date. If it is because the account is closed then you will need to worry.
But present the cheque now!
Some banks will take no notice of PDC's and will simply honour the cheque if it is correctly signed and the funds are availabe in the account.
Can't hurt to present the cheque and see what happens; your bank can only get back to you with the reason if the cheque fails. If it is because it is wrongly dated, you can represent the cheque on the due date. If it is because the account is closed then you will need to worry.
But present the cheque now!
Indie, can you clarify this?
Jan 1st 2009 | 5:14 pm
#33
BE Forum Addict
Joined: Apr 2005
Posts: 4,553
From: Melbourne
Re: PDC CHEQUE
I think the poster is counting on the possibility of the collecting bank (where he deposits the cheque) erroneously presenting it for clearing before due date and then the paying bank making an error and paying the cheque although it is post-dated.
