How will Check 21 affect the “float” time?
When you write a check and the payee deposits it into his bank, the check will be processed much faster. It will come to us for posting against your account several days sooner than in the past. The float (the amount of time between the writing and the cashing of a check), could be reduced significantly. You will need to have funds in your account sooner to cover your checks and avoid overdraft fees.
