Post-dated check

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Post-dated check

A check that becomes payable and negotiable on a future date specified.

Post-Dated Check

A check dated for one or more days after it is written. For example, if one dates a check for January 31st, and it is currently January 25th, it is a postdated check. Theoretically, banks do not honor postdated checks, though many do anyway.
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In most cases, the payday lender gives cash in exchange for a personal post dated check that is equal to the cash, plus the fee, which can be substantial.
Once all customer information is verified, the customer is given immediate funds in exchange for a post dated check that is cashed on payday.
The installation was at the Post Dated Check Express located on 927 West 5th Street, Reno, Nevada.
The post dated checks are rarely cashed, due to high rates of insufficient