If you don’t have cheques on hand that you can void, you have some options. Electronic money, or e-money, is a simple way to send, spend, and receive payments online. As we start to move away from cash or checks, e-money transfers are…

How Do I Get a Void Check for My Checking Account?

Never again do you have to worry about finding your checkbook several times a month and firing off payment through the mail (hoping it gets there on time). This can be because you are looking to make an ACH or Wire payment to someone’s account or to receive an ACH or wire into your bank account. In a computerized accounting system, there is usually a menu option for voiding a check, since this is a sufficiently common activity to warrant having its own routine.

Civilization became possible only when Sumerians of the Bronze Age invented money. Subject to identity verification and minimum load requirements. Your first monthly fee will be billed to your parent wallet seven days after successful registration.

Q: Can someone still cash a voided check?

The recipient will be able to cash the check unless you immediately contact your bank and have them issue a stop payment on that check. Doing so will block the bank from honoring the check when the payee presents it. The bank will charge a fee whenever you request a stop payment. In order to send the correct information to the bank to stop payment, you will need to extract the requisite information from either a copy of the check or the check register.

That’s almost always a solid approach, though circumstances will rarely dictate you have to go down that road. Write the word “VOID” in large letters, big enough to cover most of the face of the check (except for the banking details we mentioned above). Another option is to use a deposit slip that already has your bank account information printed on it. These are the three main reasons you may need to provide a voided check, although there can be other scenarios where this would be required. Thus, if the payment had been for an expense, the credit would be to the related expense account; if the payment had been to acquire an asset, the credit would be to the related asset account.

Often, banks will provide instructions on how you can set up a direct deposit without a voided check. Reach out to your bank, or see if there’s any information online about how you can do this. The Smart Investor (this website) is an independent financial website. The product offers that appear on this site are from companies from which this website may receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).

• Companies need a voided check to set up direct deposits for their employees.
• The article was reviewed, fact-checked and edited by our editorial staff prior to publication.
• When you void a check, you prevent the check from being used by anyone to withdraw money.
• You also might be able to provide your routing and account numbers directly.

FAQs about voided checks

• For instance, you may want to use a direct deposit authorization form.
• The money also becomes immediately available as soon as it has been deposited directly into your account which is another huge bonus.
• This eliminates any risk of losing funds from your account because no one else can use the check to withdraw funds.
• We have options to fit every need and qualification level, so you can get the cash your business needs to keep surging forward– or get through a rough patch.
• The funds are then transferred directly from your bank account to the recipient on the date specified in the direct deposit or automatic payment agreement.

A voided check has the word ‘VOID’ written across the front of the check in capital letters. Once you have a voided cheque, simply fill out any required information and give it to the appropriate person, and they will handle the rest. A cheque is a document that instructs a bank to transfer funds from a person’s account to the person to whose name the cheque is issued.

Pull out a blank check from your checkbook

You might need a voided check to sign up for direct deposit, direct payments, or loan payments for your car, mortgage, or other personal loan. You may be asked to provide a void cheque when setting up a payroll deposit or automatic payments. Since your account information is printed on each cheque, the void check can be used to set up an electronic link to your bank account. Companies need a voided check to set up direct deposits for their employees. The checks have the necessary banking information for companies to initiate direct deposits, electronic bill payments and automated clearing house transfers.

Example of a Voided Check

Voided checks can either be created manually by writing the word “void” across the face of whats a voided cheque the check in large block letters or by downloading a void check from online banking. Both of these give the necessary banking information needed to set up direct deposit. The difference is that one is a cheque that has been voided, and the other is a form from your financial institution. Your employer will ask for a blank cheque to send to the finance department who will set you up in the company’s payroll system.

Are a void cheque and direct deposit the same?

This is because it is an easy and convenient way for the employer to have access to your bank information without requiring you to make a money transfer. If you add one too many ‘0s’ to your check, you can’t just correct it and hope it works out. You also can’t discard it because if someone were to get hold of it they could withdraw money from your account. Voided checks reveal crucial banking information that if not shredded or disposed off properly can serve as linchpin to more dangerous scams.

This is the reason banks will request a void check rather than a blank one, i.e., to make sure it can’t be used. Instead, a void cheque is a physical check with the word “void” written across the face. That said, a void cheque is often requested when registering a new direct deposit as it ensures that the account information is copied verbatim. 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.

If you do not have a voided check available, you may be able to provide the specific account information that is being requested of you. If you don’t have a physical cheque to void, you can print one online via your online banking portal. Since cheques aren’t widely used anymore, you might find yourself needing a voided cheque without any cheques on hand. This situation is becoming more common since e-Transfers and other forms of electronic transfer are the norms when it comes to moving money around.

Next, we’ll break down simple instructions for voiding a check properly. Albert Einstein is said to have identified compound interest as mankind’s greatest invention. That story’s probably apocryphal, but it conveys a deep truth about the power of fiscal policy to change the world along with our daily lives.