What is the future of Dating’
The term “future Dating” refers to crediting a Bank account to which the funds will be available at a later date. This is done electronically, with the permission of the account holder. The account holder simply gives their account information to the depositing party, giving them the right to Deposit money and perform other operations. In addition, accounts can be authorized to pay bills on a specific future date. This practice is most often used with direct Deposit from the employer of the account holder. Also now becoming popular among government operations because it saves time and money for the receiving and replenishment of the parties.
The destruction of the future of Dating’
Individual consumers and corporations use future Dating to manage cash flow by scheduling payments when sufficient funds exist in the payment account. When in the future time of customer payment, he or she instructs his Bank to send the payment to a future date. This differs from post-experience and check, because there is no obligation from the recipient of a post-dated check to wait to cash the check until the day arrives. Thus, the account holder who writes a post-dated check risk check was immediately cashed, and may encounter cash flow problems as a result, including an overdraft account in case of insufficient balance in the account. Future dates, on the other hand, solves this problem by guaranteeing that payment will be transferred electronically, or will be developed, only when the future comes check.
Periodic and one-time future Dating
Future Dating can be periodic or one-time. In the future, periodic Dating, date for a recurring payment, then the payment is made regularly on this date until the account owner changes the date. This is often done to manage recurring bills, such as utility services to the consumer, for example. As payment will be repeated automatically, the account owner need not take any action, if he or she wishes to change the date of payment.
At one time the future date occurs when the account holder selects a specific payment for future Dating. This can be a one-time payment or it can be used to temporarily change the date of recurring payment. At one time the future date, the account holder must take action to set a future date of payment.