FlyerTalk Forums - View Single Post - No more Float for electronic payments ACH
Old Dec 12, 2012 | 6:21 pm
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Centurion
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Join Date: May 2002
Location: Arizona
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No more Float for electronic payments ACH

In the past if you paid Amex late in the day via a pull ACH on Amex web site you could get a one day float before money was withdrawn from checking. It now seems no matter how late in the day the money will debit the the same day from your bank.

Not that it makes a difference anymore since banks pay so little interest on money.
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