“Oops! I bounced a check!”
Checks can bounce for a number of reasons. Whether we forget to make a deposit or record a check, it happens to the best of us. 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.