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 What it is mean by Online Float?

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TSjeffrychow
post Apr 2 2015, 08:07 PM, updated 11y ago

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I have just bank in 2 company Public Bank cheque to my bank account which is also the same bank. When i check online after 5 hours, it show it is 'Online Float' rather than how many float day. Is there anyone know what is Online float mean?
SUSsupersound
post Apr 2 2015, 10:01 PM

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If cheque this is normal, usually will take 2-3 working days.
night
post Apr 4 2015, 10:02 AM

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QUOTE(jeffrychow @ Apr 2 2015, 08:07 PM)
I have just bank in 2 company Public Bank cheque to my bank account which is also the same bank. When i check online after 5 hours, it show it is 'Online Float' rather than how many float day. Is there anyone know what is Online float mean?
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Online float means that the bank has received the cheque and is currently processing them. Once they have processes them, the money will be credited into your account. No worries on that.

 

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