Is it safe to issue post dated check in the Philippines?

Question

Im planning to open a checking account with BPI

Answer 1

yeah its is safe to issue post dated check in the Philippines. the issuance per se pose no problem, it is the after transaction that causing a lot of people in trouble. just make sure that everytime you issue a check in payment for a particular transaction you have enough money on your checking account so that when the payee would deposit the check to collect paymet, you wouldnt be in trouble. because under Philippine law, when the payee would deposit your check for collection and then it turned out the you do not enough money on your account, then you could be in trouble. that could be a possible criminal offense of estaffa and/or violation of BP 22 (the Bouncing Check Law). however, when the payee's bank learn that you do not have enough money, they actually give you some time to compy. but to be sure,to be very sure, make it a point that you have enough money on your checking account every time you issue a check and take note of there respective due dates so that you have the time to raise the necessary money to fund your checking account.