What is a check with a future date on it called?

A check with a future date on it is referred to as a postdated check. This type of check is written and dated for a date that is later than the current date, which means the payee cannot cash or deposit the check until that future date. The purpose of a postdated check is to provide the payee with a guarantee that the money will be available in the account when the check is presented for payment. This mechanism is sometimes used in financial transactions where the payer needs to ensure that funds are available at a later time, or when the payer wants to delay the cashing of the check until the designated future date.

Understanding the concept of a postdated check is crucial in banking and finance as it impacts how payments are managed and can affect both the payer's cash flow and the payee's ability to access funds.