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#2198131 - 11/13/18 09:43 PM Check kiting?
ramblings Offline
Member
Joined: Oct 2015
Posts: 78
Hi all.

I'm working on a case now where I have a member who moves money between us and another FI. The member writes checks only a few times a month for amounts varying between $25 and $400 and then also deposits checks from that other FI here a few times a month for amounts varying between $25 and $400. The account has a history of being NSF and the member also uses the account to cover utilities. In looking at the transaction dates, there's always a few days between moving the funds between FIs. I've never really handled a kiting case and am not fully convinced this is kiting due to the length of time between the movement of funds between FIs and the fact that the member is frequently NSF.

Or am I off-base here?

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#2198408 - 11/16/18 04:04 AM Re: Check kiting? ramblings
JacF Offline

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Joined: Nov 2001
Posts: 6,719
PA
How much time passes between the deposits and the draws?

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#2198509 - 11/16/18 06:48 PM Re: Check kiting? ramblings
ramblings Offline
Member
Joined: Oct 2015
Posts: 78
Days. 3 or more always.

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#2198571 - 11/17/18 03:43 AM Re: Check kiting? ramblings
JacF Offline

Power Poster
Joined: Nov 2001
Posts: 6,719
PA
So the deposited funds have time to clear before they are used. Look at the back of the inclearing items- do the deposit dates on these items show them being written before or after the funds are deposited into the account at your bank? Possibly same day, but unlikely before. Chances are, this isn't a kite.

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