No more floating checks everyone!

iVillage Member
Registered: 05-19-2004
No more floating checks everyone!
2
Fri, 10-29-2004 - 5:26pm
Just FYI---if any of you, like me, have a habit of writing checks without that amount of money in the account- it can bounce in the same day now! Maybe even hours!! The law/rule just went through the other day.

We like to go grocery shopping the night before DH gets paid (I don't work that night)and I write a check for it knowing that his check will post the next morning. I better not anymore!! :0

Nicki

iVillage Member
Registered: 09-21-2004
Fri, 10-29-2004 - 5:34pm
Yeah its kinda stupid although I also can understand their reasoning behind it.

I used to do the same thing as you on occasion. I knew the money would be in there the next day so I might buy groceries or whatever. But I haven't done that in a long time so its not like its a habit I have to break thankfully. LOL
iVillage Member
Registered: 10-27-2004
Sat, 10-30-2004 - 1:48pm
I've learned I have to avoid "floating" checks anyway. It became the same as debting to me and I do not act responsibly in that regard.