“The float just sank.
As of today, any check you write may be posted — and the money deducted from your account — within a few hours.
Savvy consumers no longer can count on a delay of a day or two or three — the float — as a paper check moves through the banking system.
The speedup is a result of the new Check 21 law, which goes into effect today. It allows banks to make an electronic image of a check and send the electrons, not the paper, through the system. .”