The float, in financial terms, is money that is momentarily tallied twice inside the banking system owing to time delays in reporting a deposit or withdrawal. The delay in processing paper checks is generally the cause of these time gaps. When a check is deposited, the bank credits the customer’s account. However, receiving and recording a check from the payer’s bank takes time. The amount is written for “exists” in two locations until the check clears the account it is drawn on, showing in both the recipient’s and payer’s bank accounts.