What are Post-Dated Checks?
A post-dated check (PDC) is a check issued in advance to your payee (the developer), but the date indicated is some date in the future. PDC’s are a convenient way of paying for your monthly dues in advance without releasing the amount until the date indicated on the checks.
Even if issued today, the check cannot be encashed until the date indicated on them. This is a more convenient way to tracking your payments and not worry about getting charged with penalties & interest for being late in making your payments.
Please ensure that there is at least 2 to 3 months funding in the checking account at all times to avoid having insufficient funds.