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What is chq dep ret-instrument undated?

A check deposit return item (RDI)-instrument undated notice is a banking term that refers to a situation where a customer deposits a check into their bank account, but the check is later returned to the bank because it was postdated or had an incorrect date. The bank may then charge the customer a fee for the returned check and for any overdraft charges that may have occurred as a result of the returned check.

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