I need to float a check for 2 days when i get payed so my family can eat and hopefully get 20 over for gas. ?

Question

i need to know what store is the best to go to. I know walmart would be a bad idea. it is just until monday and than i will have funds to cover it. i know its embarassing but any suggestions??

Answer 1

I would be VERY careful. Most checks don't "float" as long as they once did. I once bounced my RENT check on a ONE DAY FLOAT.

A LOT of banks use electronic "substitute"checks -- at least MINE does. When a check is deposited, they can electronically and INSTANTLY make a debit from you account using the numbers from that paper check.

One of two things will happen -- the check will be returned (bounced) and you'll have to pay bounced check charges to the store you write the check to PLUS your own bank's fees for overdrawing your account, OR your bank will create an overdraft, honor the check but charge YOU an overdraft fee, which may even be more than the amount of the check itself.

My bank will usually overdraft my account and I'll end up paying $38.00 in fees on TOP of the amount of the check I've written.