post dated cheques question
I am a landlord and my tenant issued me 12 month post dated cheques. My question is: do you deposit it at the bank all at once and have them draw the money each month OR do you deposit corresponding checques every month?
Jul 15th, 2019 1:14 pm
Jul 15th, 2019 1:26 pm
Jul 15th, 2019 2:24 pm
you have to deposit every month on the date mentioned on the cheque. use mobile deposit. take a pic and submit, you don't have to physically go to the bank to deposit it.
Jul 15th, 2019 3:37 pm
You can take the cheques to bank all at once but you'll pay a fee each time the bank deposits the cheque (at least at RBC).