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To add to that, cheques have unique properties that would be hard to replicate.

You can preemptively write cheques for future payments, like buying a car in two payments: one now and one in 3 months.

It also works for guarantee deposits, or write blank cheques with only the receiver filled in, etc.



Not legally - post-dated checks are illegal.


Even so, two parties who trust each other can use them without calling the police about it. (Actually a post-dated check is not so much illegal as it is invalid and therefore not intrinsically worth anything.)


I worked for a major company which operated in all 50 US states about ten years ago which paid me via post-dated checks. I had to wait a few days after receiving my check in the mail before I could deposit it.


They're legit in some countries: https://en.wikipedia.org/wiki/Post-dated_cheque


Nope. For most U.S. Banks, post dated checks are immediately negotiable.




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