Banking & Trade
What is Post-Dated Cheque (UAE)?
A cheque written with a future date, commonly used in the UAE for rent, instalments and supplier payments so that funds are drawn only on or after that date. The recipient usually presents it for clearing on the stated day. Sufficient funds must be available to avoid a bounced cheque and possible legal consequences. Practices and protections change over time, so confirm the position with a qualified adviser.