I think the bank can encash post dated checks even it is not yet due, however, the issuer should still fund the checks on its due date or else issuer will still be penalized when it bounced.
If it is like this, when you urgently need a cash, just issue a post dated check to a friend and have it encash and have it funded on its due date. It is like havin a loan.
I think the bank can encash post dated checks even it is not yet due, however, the issuer should still fund the checks on its due date or else issuer will still be penalized when it bounced.
If it is like this, when you urgently need a cash, just issue a post dated check to a friend and have it encash and have it funded on its due date. It is like havin a loan.
This is just my opinion.