Float on, float on

The new world of online banking is amazing to me. I write fewer checks than ever, and I can't remember the last time I set foot in an actual, physical bank branch.

This revolution was greatly hastened along by the pandemic, of course. I have used cash exactly seven times in the last 14 months.  To go along with the two and a half tanks of gas I have used in my car.

Anyway, I made a mobile deposit the other day, and when I looked to see how it did, I got this:

My "collectible float" was zero. Is that somethinng I didn't pay, or someting I didn't get? Any readers out there with banker expertise?

After a while, the deposit was finalized and the entry about the float went away.

While I ponfder these mysteries, here are some other collectable floats.


  1. I believe it's the time between when you deposit funds and when they are actually available for withdrawal. Depending on the deposit amount, some funds are available immediately while generally large deposit are held and not available when the bank waits or the transfer of funds. I still am surprised that with today's interconnected banking system that there is still float. But, then again, if the bank can make it happen, they get free use of your money.

    1. I get the idea of a "float." Somebody had the use of that money for a while. But I wonder why they're showing it on my account.


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