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To: Cletus.D.Yokel
It is digital kiting.

The kids don't know what that means any moar than they know what "float" means. I always used to write a check to buy groceries on Friday after noon. That way the night drop wouldn't be picked up by the bank until Monday morning and that check could float until Monday night.

122 posted on 10/26/2022 9:59:35 AM PDT by numberonepal (WWG1WGA)
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To: numberonepal

I had a problem with my card a couple of years ago. So for a few days when I had no card. I wrote a check for my groceries for the first time in years.

The Cashier took my check, inserted it into the register, and a few seconds later the check was completely processed, canceled out and everything just as it had been actually handled by the bank. The money was withdrawn and they handed me back my check. I had no idea that they did such things.

No more check kiting in my life.


123 posted on 10/26/2022 10:08:57 AM PDT by Radix (Morons don't know much and should be called ‘Lessons.’ )
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To: numberonepal

I’ve floated a few in my earlier days. Used to sneak home and pick up the paycheck on Thursday to get it in the bank to cover checks I’d mailed out Wednesday night.


170 posted on 10/26/2022 1:08:37 PM PDT by meyer (FBI = KGB for the DNC; IRS = Gestapo)
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