Difference between Ante- date Cheque, Post Dated Cheque and Stale Cheque – We have discussed different types of cheque in our earlier articles. But here we will be discussing three confusing terms namely – ante-dated cheque, post dated cheque and stale cheque. These cheques differ only by one important features i.e., Cheque Date. These cheques can be crossed cheque, order cheque, bearer cheque or blank cheque. But there name is generalized according to date they bear.
Here in this article, you will get to know about differences between ante-dated Cheque, post-dated cheque and stale cheque. Let’s discuss in simple words –
A Cheque is called ante dated cheque when you write a date on cheque that is earlier than the date on which it is presented to the bank. Any Cheque with past date (not exceeding past 3 months) can be presented to bank for clearance or payment.
For example, A Cheque dated 13th August 2018 for an account opened on 28th August 2018 can be paid.
A Cheque is called post-dated cheque when cheque bear post-date or in simple words, cheque have future date. If any cheque bear a date of next week or next month, then it is called post-dated cheque.
Post-dated Cheque can be presented in bank for clearance or payment only on or after that date.
This type of cheque are issued when issuer of cheque have less balance in account, but is bound by any future payment by any party.
As you know, validity of cheque is 3 month from the date of cheque. When the validity period expire, cheque become stale. Such cheque can’t be presented for payment in the bank. And if they are presented for payment, get dishonored by the bank. Banks also don’t accept these cheques.
So it was all about Ante-dated cheque, post-dated cheque and stale cheque. We hope you found this article informative and useful.