Voiding a check ensures it won’t be used by anyone, such as thieves who may write in a large amount for themselves. Then, it can provide key information like your routing number and account number to be used in voided check electronic transactions. Let’s take a closer look at how to write a voided check for direct deposit, why a voided check may be needed to set up a direct deposit, how voiding a check works, and other options.
To do that, you’ll have to write the word ‘VOID’ in capital letters going across the front of the check. Make sure you use a black or blue pen with permanent ink, and if you have a duplicate check, do the same for that copy. It means that the check can no longer be used after it has been cashed or deposited. On the bottom of the check directly to the right of the routing number, the account holder will find the checking account number. Conveniently make your loan payment with a debit card or electronic check! Doing so is a fast and easy way to set up electronic transfers and automatic payments.
What Can Someone Do With A Voided Check?
This way, both parties can enjoy the increased security of a digital transaction. Fortunately, if you need a voided check, all you need to do is peel off one of the checks from your checkbook and simply write “VOID” across it. In many instances, voiding a check is necessary for bank account verification, which involves providing a check specimen in order to confirm account information. When your statements arrive for each current period, double-check your account information.
- You can do this by taking a check from your checkbook and writing VOID in big letters all across its front page.
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- You may need to void a check when you make an electronic financial transaction.
- Voiding a check is a common practice used to nullify incorrect checks and set up direct deposits or bill payments.
- In addition, you’ll want to ensure that the check cannot be cashed.
You must first contact your bank and see if that particular check has already been cashed. If it hasn’t, they should be able to put a stop payment on that check. You will need to know who it was for, how much it was for, and the check number. If you aren’t sure of any of this information https://www.bookstime.com/ or get it wrong, the check could still be cashed, and the only way to avoid financial loss would be to freeze the account. Once you have the voided check you need, consider scanning or photocopying it. You may need to provide voided checks numerous times in the coming years.
A Letter From Your Bank Or Credit Union
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. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Of course it takes a whopping two seconds to do, but as a young impressionable teen at the time, being clueless about most financial things was quite common.
A voided check is simply a check that has the word VOID handwritten or printed on it. When a check has the word VOID printed across it, it’s rendered unfit for any transactions. 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. The information outlined above will help you easily void checks to set up payments, begin receiving direct deposits, or correct errors. Voiding a check can be a key step in setting up financial transitions like regular payroll direct deposits. Voiding a check properly by writing «VOID» in large letters on the documents will help reduce the risk that the check will be cashed.
What’s the Difference Between a Cleared Check and a Canceled Check?
Certain financial transactions will require you to use a void check and you should be aware of what that entails. Setting up automatic electronic check payments, linking your bank account, and making direct payments are some of the things you can do with a voided check. Being prudent about your bank account and information is required at all times, so try to always be informed about what to do and how to do it. If you still don’t know how to void a check, fear not because we’re here to help you with the process. Companies need a voided check to set up direct deposits for their employees.
- A voided check is a paper check with the word “void” written in large, bold letters across its face.
- Voiding a check may be useful if you intend to schedule electronic payments.
- You want to make it difficult for thieves to erase or cover your void mark.
- A voided check will have all of your bank information printed on it, so it can provide others everything they need to set up a direct deposit payment from your account.
- Our goal is to give you the best advice to help you make smart personal finance decisions.
- Voided checks can serve an important role in direct deposits and other ongoing transactions.
Before you get too anxious, let’s take a closer look at what a voided check is. In the digital age where everything can be paid online, by card, or by phone, checks don’t hold the same appeal or usefulness that they did in the past. Also, you cannot discard it because someone may use it to withdraw funds from your account. Alternatively, the word can be written on other check parts, such as the payee line, dateline and amount box. With auto-pay, funds are withdrawn from your account based on a bill’s due date.
However, the employer needs your banking information to get the process started. A voided check has the word ‘VOID’ written across the front of the check in capital letters. The banking product interest rates, including savings, CDs, and money market, are accurate as of this date. A money tracker tool like SoFi can aid your money management efforts.