In its simplest form, the kiter, who has two or more accounts of his own at different banks, writes a check on day one to himself from Bank A to Bank B (this check is referred to as the kite), so funds become available that day at Bank B sufficient for all checks due to clear.
On the following business day, the kiter writes a check on his Bank B account to himself and deposits it into his account at Bank A to provide artificial funds allowing the check he wrote a day earlier to clear.
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A Canadian bank, for example, is not supposed to process a post-dated cheque and if it does so by mistake, the cheque writer may ask his or her bank to correct the error.
Circular kiting describes forms of kiting in which one or more additional banks serve as the location of float, and involve the use of multiple accounts at different banks.Check out your potential date before you agree to meet them, get to know their likes and dislikes as well as what they look like, and only when you are happy with them do you arrange to meet them.This process can take hours, days or weeks it is entirely up to you, we want your dating experience in the USA to be safe and fun.We are the Number 1 respectable and modern dating agency from Eastern Europe, specialising in online dating with Czech women and Slovak women as well as women from other Eastern European countries.The most beautiful and attractive single Czech Women and Slovakian Women updated daily in our online dating database.