What is Check Kiting?

Answer

Check kiting is when you write a check knowing that the money is not in the account but knowing (or rather hoping) it will be there by the time the person you wrote the check to tries to cash it.

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Check kiting

Check kiting is a form of check fraud, involving taking advantage of the float to make use of non-existent funds in a checking or other bank account. In this way ... More »

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Q&A Related to "What is Check Kiting?"

What is Check Kiting?

Check kiting is when you write a check knowing that the money is not in the account but knowing (or rather hoping) it will be there by the time the person you wrote the check to tries

http://answers.ask.com/Society/Government_and_Law/...

what is the meaning of check kiting?

When you write a check, money is not removed from your account until the check completes processing. This can take a few days or even weeks. The check goes to your payee, who deposits

http://www.ehow.com/info_7757603_meaning-check-kit...

What is the penalty for Check Kiting?

It is usually a state crime or may be prosecuted federally as bank fraud.

http://wiki.answers.com/Q/What_is_the_penalty_for_...

how to check out shapes and sizes of kites?

1. Locate the spot on the kite where the strings meet the kite itself. The center of a kite's pressure is where your kite gets all of its control. On different styles, this is located

http://www.ehow.com/how_4454212_check-out-shapes-s...