what are the risks of a floating check 
a floating check is one that has been written but has not yet cleared today many banks immediately advance money from deposited checks to their customers but if the check is fraudulent or does not have enough money to draw from i e a bounced check bad actors can use the float interval to make fraudulent purchases or withdraw cash they do not actually have such as in check kiting floating checks can defraud the economy of millions of dollars a year by scammers 