Common use of Postdated Checks Clause in Contracts

Postdated Checks. If the date on a check is later than the day you sign the check, the Bank may, at its option, either pay the check or return it unpaid. The Bank has the right to ignore the fact that the check is postdated and charge your account without being liable to you. The Bank is also not liable if it dishonors or returns other checks because it has paid a postdated check.

Appears in 13 contracts

Sources: Account Agreement, Account Agreement, Account Agreement

Postdated Checks. If You must not date a check for a date after the date on a you deliver the check. If you do so, and the check is later than the day you sign the checkpresented for payment before its date, the Bank may, at its option, either pay the check check, or return it unpaid. The Bank has the right to ignore the fact that the check is postdated and charge your account without being liable to you. The Bank is also shall not be liable if it dishonors or returns for dishonoring and returning other checks because it has the Bank paid a postdated check.

Appears in 6 contracts

Sources: Account Agreement, Account Agreement, Account Agreement