Does postdating a check work

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What most people don’t realize is that, until it receives that confirmation, the bank is really advancing you the money.

Banks may apply a hold on funds deposited by cheque to manage the risk from losses in case there aren’t sufficient funds in the cheque-writer’s account to cover the cheque.

You can avoid these fees by ensuring there is enough money in your account to cover the cheques that you write.

Sometimes a post-dated cheque is deposited before the date on the cheque.

If you were the cheque-writer, very often your financial institution will charge an NSF fee.This process can take a few days but, for most cheques, the bank makes the funds available to the customer right away.However, it isn’t until your bank gets confirmation from the cheque-writer’s bank that it knows for sure that the funds are available.Try to regularly review your transactions through online, mobile or telephone banking or at an ABM.If a post-dated cheque you wrote is mistakenly processed before its date, you should contact your bank to let them know.

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