Post dating cheques

Postdating Checks Is a Waste of Time — Here’s Why

A stale check is a check that has been written more than six months ago and has not been cashed or deposited. A post-dated check is a check with a future date written on it, indicating that the funds should not be withdrawn until that date. The key difference between the two is that a stale check is a check that has been ignored or forgotten about, while a post-dated check is a check that is intended to be used at a later date. The key difference between a stale check and a post-dated check is the intent of the person who wrote the check. A stale check is a check that has been written more than six months ago and has not been cashed or deposited, indicating that the check has been ignored or forgotten.

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People in the UAE use Post-dated cheques as a means of payment and financial security. They are written with a future date, and can only be cashed or deposited on or after the specified date. While they offer some benefits, they also come with some drawbacks.

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The Pros and Cons of Post-Dated Cheques in the UAE

A post-dated cheque lists a specific future date for when it can be cashed. Whoever is writing and issuing the cheque chooses this date and fills out the rest of the cheque accordingly. The cheque cannot be cashed before the indicated date.

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