Question : Can I effectively earn interest from 2 banks at the same time on the same money for several days?
Can I effectively earn interest from 2 interest bearing accounts I have at 2 different banks at the same time on the same money for several days while a check from one bank is deposited in the other but waiting to clear?

If not, which of the 2 banks pays me interest until the check clears?

Technically speaking, at which bank does my money legally reside after the check is deposited but before the funds become available at the target account?

Thanks!!
interest bearing checking accounts

Best answer:

Answer by Bo
Technically speaking, that’s called kiting, and it’s against the law.