Comment Re:Weekly/Monthly Salary (Score 2) 1103
I'm not sure what bank you deal with, but at my bank funds are available the next business day after I deposit, and the first $100 is available immediately. Maybe that's "float", but not enough that I'm going to squawk.
One important thing for people to realize is that even if the bank clear the check immediately, as in the instant you present it, it can still bounce. All the electronic clearing does is validate that the account number is real and that the account has sufficient funds to cover the check. The account holder can still claim that the check is a forgery and you are then liable for the amount of the check unless some other resolution is arrived at, e.g. it can be shown that the presenter of the check is lying that it is a forgery.