Post dating a cheque qq youxi dating
The banks will be required to honour and pay the cheques immediately on presentation, Kochery said.
It is the drawer’s responsibility to ensure he/she has sufficient funds before issuing a cheque.
If funds are not available at the time the cheque is presented, the drawer “may be prosecuted” for a criminal offence, it is learnt.
“The drawer may be prosecuted, convicted of a penal offence, fined between QR3,000 and QR10,000 or imprisoned for a period ranging between three months and three years,” a source said.
You would need to send a notice of postdating to your bank describing the check.
This doesn't prevent the recipient of cashing the check, but it does prevent your bank from charging your account until the date you specify NOTE: This may be considered a form of stop payment, and you may be subject to the fees noted by your institution.
If the post-dated cheque is cashed early, you can ask your financial institution to put the money back into your account up to the day before the cheque should have been cashed.“This has already been published in Qatar Central Bank Regulations Handbook,” the banker said.Legal expert Nizar Kochery said drawers of cheques would no longer be able to rely on their instruments being cashed on or after a “future date”. Cheques can be presented for payment anytime after they are handed over to the drawee.I was recently witness to a salesman claiming that a customer could post-date a check to guarantee their check would not be cashed before the item they just ordered was received.I was under the impression that this is false, and that writing post-dated checks can actually be considered illegal under some of the worthless-check laws here in the United States.