There are many types of checks and they are used for different purposes. It is important to have correct information about post dated checks and stale checks.
People transact large payments through checks. There are many types of checks and they are used for different purposes. Today we are telling you about the stale and post dated checks. People have some confusion about these two, especially people do not understand their difference.
Post dated check
Post dated check is issued for a date after a few days.
This is a crossed payee or an account payee check.
Here, keep in mind that whatever date the check is held on it, it remains valid from that date to the next 3 months.
If the check which is not redeemed from the date lying on it for the next 3 months, then it expires.
The expired check is called stale check.
Expired checks cannot be given to the bank for payment.
Ant dated check
If a check is issued on a passing date, it is called an anted check.
If the validity of such check is left for three months, then it can be given for payment in the bank.
Ant-dated check should not be issued on such an old date that it does not remain valid.
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.