Postdated

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In banking, postdated refers to checks which have been written by the maker for a date in the future. In the United States postdated items are described in Article 3, Section 113 of the Uniform Commercial Code.^[1] Postdated checks are often used in conjunction with payday loans.

Many banks will honor postdated checks, even if they are deposited before the postdate. In the United States, national banks are permitted to pay checks even though payment occurs prior to the date of the check. According to the Comptroller of the Currency: "A check is a negotiable instrument—the payee, the person to whom the check is written, may negotiate it through the banking system at any time". ^[2]

In the United Kingdom post-dated checks carry no legal weight and therefore can be cashed before the due date. However a bank can refuse to accept them if the post-date is spotted; if it isn't the payer has no right to take any form of legal action against the bank for letting the check be processed.