Keeping a partially written check around without voiding it is risky as it could be stolen. Thus, it’s always best to void any check that can no longer be used by writing the word “VOID” on it. Remember, it’s better to be safe than sorry when it comes to writing checks. Even if the check has been made out to an individual, store, or other institution, it can no longer be used. And if the check is blank, the fields can no longer be filled out and used as payment. Crediful is committed to helping you make smarter financial decisions by presenting you with the best information possible.
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. You can also use a voided check to set up automatic electronic payments, including ongoing expenses such as rent and bills. For example, if your company’s payroll department needs a check from you to set up direct deposit, you can provide a voided check.
You can ask your bank for a blank check, which is known as a counter check. Many times, this won’t have your personal information written on top, but it will include your banking information. One of the most routine instances of voiding a check is for setting up direct deposit with your employer. The company may ask for a voided check to enter your checking account information (routing number and account number) in its system to set up direct deposit for your paycheck. There are different alternatives to a voided check that you can explore if you do not have checks and you want to set up automatic payments and direct deposits. If you’re unable to provide a voided check, or if your bank doesn’t offer paper checks, there are alternative methods to set up a direct deposit or an electronic payment.
Consumers often provide their own routing and account numbers online without any problem, so voided checks are required less frequently. For example, online banks allow you to link external accounts by typing in those details yourself. Billers, such as utility companies, also accept payments by e-check when customers input their checking account information. Some businesses even take payments over the phone, allowing customers to provide the information orally.
You don’t need to sign the check or add any other information when you’re voiding it. Next, list the check in your check register so that you don’t forget where it went. It may or may not have other information filled in throughout the check. The text should be clearly seen, but it doesn’t cover up any other writing beneath it. If you already sent a check to someone, then it is not possible to void it. 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.
The checks have the necessary banking information for companies to initiate direct deposits, electronic bill payments and automated clearing house transfers. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site.
Before writing one, you’ll want to understand the information on the cheque itself. Do not cover up the banking information at the bottom of the cheque because it is necessary for the recipient to know those numbers. Voiding a cheque is a simple process, but it still requires a bit of care so as to avoid any potential problems further down the line. The GlobalBanks editorial team comprises a group of subject-matter experts from across the banking world, including former bankers, analysts, investors, and entrepreneurs. All have in-depth knowledge and experience in various aspects of international banking. In particular, they have expertise in banking for foreigners, non-residents, and both foreign and offshore companies.
Voided checks voided cheque meaning are useful in setting up direct deposits, payments and regular bill payments. Voiding a check is a common practice used to nullify incorrect checks and set up direct deposits or bill payments. The process is fairly straightforward, but it’s important that you do it carefully to avoid someone using your check fraudulently. A voided check is a check which is no longer valid and has the word ‘void’ written on the front. Additionally, a voided cheque can be used to set up new accounts at your financial institution.
The best way to make sure you can prepare a cheque that is void quickly is to order a book of cheques from your financial institution and keep them on hand for an occasion when you need them. Then, you can tear a cheque from the book, void it, and give it to whoever needs it. The “void” writing tells the receiver (and anyone else who handles the cheque) that the cheque has no cash value. If a thief were to steal a cheque that is void, they would not be able to use it to withdraw money from your bank account.
Compensation may influence how and where products appear, including their order in listing categories. Keep in mind that some of these options may not be acceptable to whoever is requesting the void cheque. If you plan to use an alternative to a void cheque, confirm with the party requiring it to make sure that these alternatives are acceptable. A void cheque is a regular cheque with the word VOID written across the front of the cheque.
You can also use a voided check to set up automatic payments to come out of your checking account automatically. Despite the decrease in popularity for personal checks, many entities still use voided checks for many reasons. So it’s important to understand what purpose they serve and how to void a check if there’s a need to do so. The days of receiving paper payroll checks and taking them to the bank to have them cashed are long gone.
They will then take that information and request an authorized withdrawal or payment to your checking account. All you need to do is draw out a check, grab a pen, and write the word VOID across it. When doing this, make sure that the writing covers all of the blank space in the check yet don’t cover the account details. Use a pen or marker that is bold and dark enough so that the writing is visible. No one should be able to erase the wording on a properly voided check. Depending on your online banking portal, you may be able to print your void cheque online.
You’ve probably already written standard cheques and know it’s a simple process – the same is true here. Simply write the word “void” across the front of a cheque to void it; this prevents anyone from cashing or depositing it. Voided cheques should be marked with a thick black marker, not a pencil, as the writing could otherwise be erased.
If someone requests a voided check from you, it’s easy to take care of. Simply use a blank check and write ‘VOID’ in large letters across the front. Then, use a pen with black ink and make the word large enough to be read. This may include rent, mortgage payments, utility payments, or other recurring bills. In addition, a voided check takes away the hassle of sending in payments or setting up an online payment each month because it automatically comes out on the specified date. While we don’t feature every company, financial product, or offer available, the information, reviews, and tools you’ll find on Crediful are based on independent research.