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Float Feature


Float is the time between receiving and disbursing cash.  As a bank or other financial institution  if you can accurately calculate float then you can put your money to work most efficiently and profitably and predict cash flow.  Using these features you can maximize interest earnings and accurately calculate cash flow for you and provide cash management services to your customer.


Customer Float
Customer float is calculated by lockbox, using the time of day and the MICR line captured to determine the appropriate availability. Float tables are established by lockbox and day of the week. Weekend and holiday schedules are available. Float assignment includes an option by lockbox to use either the encode time or the deposit cutoff time to calculate float and allows use of fractional days in making this calculation. 

Customer Reporting
The calculated float values are available for use as you choose: they can be included in the intra-day feed to your financial systems, printed on deposit reports, and included in the archive of check images for customer service. Float figures are available to the phone notification operator and can be included in transmission files sent to your customer. Most importantly they can be used as a real time aid in measuring the profitability of a client relationship.

Bank Float
Bank float is calculated so that you can compare the float provided to the customer to the actual float attained through check processing. The batch encode time is used to calculate bank float.

MICR Repair from Image
ImageScan’s Image MICR Repair feature, an integrated module within the Image Wholesale Lockbox System, significantly improves the speed and accuracy required to get a valid MICR file for float calculation.  In customer setup, any lockbox that you identify as having float calculation will cause the RT field on that lockbox’s checks to be analyzed for MICR validation. Operators are highly productive because the system only presents the items it cannot read successfully for keying.

Downloading Float Tables from Existing Item Processing Systems
Float tables from check processing systems can be used to create the lockbox table assignments.  Modifications to the tables can be made in lockbox once the tables are created, or the tables can be downloaded as required from check processing to eliminate the need to make changes to two sets of tables.


  • The optional Float Module for lockbox solution makes it easy to gauge the profitability of schedules for clients and prospects, and to accurately adjust pricing and float availability. 
  • The feature calculates and reports both customer and bank float availability, per item, batch and deposit.  One of the easy-to-use features of the float system is flexible float tables that can be setup for each lockbox and processing day. 
  • The tables calculate float availability for each lockbox (specified as a percentage divided over five days) using either encode or deposit cut-off times. 
  • It provides default, weekend and holiday settings for each table. 
  • It provides float values for: intra-day feeds to the bank’s mainframe; printed customer deposit reports; files transmitted to customers; and the bank’s image archive