How to Void a Check

how to void a cheque

By writing “VOID” on the cheque, you ensure its unusable in case the partially filled out cheque falls into the wrong hands after you throw it out. If you’ve already sent a check, you can request a stop payment on a check if you’ve made an error or don’t want the payment to complete for another reason. Once you have the check, use ink or a permanent marker to write VOID on the check. Be careful not to write over the numbers at the bottom of the check. Since this information is on every check, there’s no need to void a second check if you need to show a voided check to more than one company. For example, many insurers offer an attractive discount if you make automatic payments.

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With the rapid digitization of banking services, many of us view cheques as quaint artifacts. However, one iteration of the cheque remains relevant – the void cheque. Whether you’re setting up direct deposits with a new employer or automating monthly bill payments, knowing how to get a void cheque is still a crucial financial skill. Additionally, because direct deposits and pre-authorized payments are so popular, many online bank accounts provide a link to a form with all your banking details. Look for a link that references direct deposit and/or pre-authorized payment information after you log into your account.

Step-by-Step: How to Void a Cheque

If all else fails, you may be able to get official documentation from your bank or credit union instead of voiding a check. Ask for a letter, printed on bank letterhead, which lists your account number, routing number, and account type (checking or savings). Requesting a voided check is the usual way employers set up direct differences between irs form 940 form 941 and form 944 deposit into their employees’ checking accounts. Employees prefer direct deposit because it’s instantaneous and eliminates the need to wait for a paper check to clear their accounts. Employers often use voided checks to set up direct deposits for their payroll, and service providers may need them to set up direct debits.

Send the Check or Image

After you create a void cheque, provide it to the person or company who requested it. Voiding a cheque is more straightforward than writing out one for someone. All you need to do is write “void” in large letters across the ultimate profit tracker for your business face of the cheque. You cannot use a void cheque for payments, but there are times when it is still useful or may even be required. This helps ensure that no one can use your cheque to withdraw money from your account.

  1. If you already sent a check that needs to be canceled, it’s obviously a little too late to write VOID across it.
  2. By asking you for a check, your employer reduces the potential for errors.
  3. One of the advantages is your bank or credit union may send the letter directly to the party requesting the voided check, avoiding the need to send it by email.

Key Takeaways

how to void a cheque

It means that the check can no longer be used after it has been cashed or deposited. If you already sent a check that needs to be canceled, it’s obviously a little too late to write VOID across it. There’s still a way to void a check after sending it—but you’ll have to act fast.

One of the advantages is your bank or credit union may send the letter directly to the party requesting the voided check, avoiding the need to send it by email. One of the most common uses for a voided cheque is to provide up direct payroll deposits with an employer. The payroll department https://www.quick-bookkeeping.net/ will use the banking information listed on the cheque to electronically transmit your wages to your bank account. Voiding ensures that you’re not giving a blank cheque that could be misused. You may need to void a check when you make an electronic financial transaction.

The team at WealthRocket only recommends products and services that we would use ourselves and that we believe will provide value to our readers. However, we advocate for you to continue to do your own research and make educated decisions. Consider using a password-protected PDF if sending your information by email.

I graduated in 2003 from Carnegie Mellon University with a Masters in Software Engineering and I use my analytical skills to navigate the financial world. It’s through this education that I try to distill complex financial ideas into simple steps regular folks can use to take control of their money and build wealth. The point is a potential thief can gain instant access to what is probably your primary financial account. This will open the possibility of accessing your money or even stealing your identity for other purposes. A bank statement is a document that summarizes account transactions over a set period of time, usually a month.

Instead of using forms, which require you to void a traditional check, try logging into your account (or ask if there’s an online system). In most cases, you need to provide your bank account information in an online form. If you’re going to provide the https://www.quick-bookkeeping.net/filing-income-tax-return-late/ voided check electronically, don’t just send it out in the open, in a standard email message. Take steps to hide your account information from thieves and hackers. For example, consider encrypting the image or uploading it to a secure file vault.

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