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Thus, it is pivotal to comprehend the pros and cons of using cheques, and, especially, when writing post-dated cheques.Post-dated cheques can be your best friend or your worst enemy.

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No matter the transaction, big or small, it is important to make sure that your arrangement is pre-emptively as secure as possible.Therefore, post-dated cheques have many drawbacks and may be simply outdated.There are no guarantees of a cheque being honoured therefore, especially in cases of large sums, it would be highly advantageous if a due diligence investigation were to be conducted on the issuing party.Here is some helpful information about the use of cheques and how they are processed by financial institutions.All cheques must be processed – or cleared and settled – through the payments system. When you deposit a cheque into your account, your bank will send the cheque to the bank of the person who wrote the cheque.

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