Checks can bounce for a number of reasons. Whether you forget to make a deposit or record a check, it happens. It’s also costly.
New technology means faster Processing. Faster Processing can mean ‘No more Float”.
Electronic checks clear much faster than paper checks. If you are accustomed to “playing the float” – the time between when you write the check or share draft and when the money is actually removed need to be aware that checks are now clearing within 1 day or less.
When you apply for a checking account overdraft line of credit you can be sure your checks will never bounce.