A void cheque is often requested by an employer so it has the banking information it needs to facilitate setting up direct deposit of your pay into your bank account. Yet, voided cheques continue to play a vital role behind the scenes for everything from direct deposits to setting up automatic bill payments. A void cheque is the fastest means to issue out the correct details of your bank account in a legal format. There are times you may need to provide your banking details to someone either for documentation or payment purposes. The fastest and legal means for you is to issue a void cheque at that instant.
Why You Might Still Need a Paper Check
This indicates that the check has been voided intentionally, which means it can no longer be used for payment. Yes, many employers and service providers accept a scanned or photographed voided check, especially if submitted through a secure portal or email. Just make sure the image is clear and the word “VOID” is easy to read without covering your routing or account numbers. You might also need a voided check to authorize recurring payments—like for rent, car loans, or utilities. It allows companies to pull funds directly from your account without needing a manual payment each month.
What to Do If I Don’t Have a Voided Check for Direct Deposit?
This protects your information if the check falls into the wrong hands. Don’t leave blank or voided cheques lying around – treat them as you would your wallet. If you need to destroy a void cheque, you’ll need to destroy the physical copy of the cheque (or ask the recipient to do so).
What is a void cheque used for?
- However, information is subject to change, and no guarantees are made about the continued accuracy or completeness of this content after its publication date.
- If this won’t suffice, you may have to order a batch of checks overnight from your bank or a third-party and opt for overnight shipping.
- It is healthy to keep the original check to remind yourself that it is void.
- The purpose of a void cheque is solely to provide accurate details of one’s bank account.
- (Some banks may choose to honor personal checks after this point but are not legally obligated to do so).
- Make a note on your register so you remember that the check was voided.
- Being cautious with voided checks can help you feel secure.
Depending on your need and purpose for a bank cheque, you can just easily provide your bank details for the person who needs them. If one does not have a cheque book at hand but still wants to get a void cheque. Likewise, utility bills like electricity and water bills, mortgage payments, and routine maintenance bills can be advanced before the due date with a void cheque.
steps for how to void a check
If a cheque is expired or not in use anymore, the proper way to dispose of it is to void it. It is essential to properly void a cheque before disposal to prevent misrepresentation of account details and financial information. A void cheque has no money value so cannot be used for any unauthorized banking transaction, thereby protecting account security. If the void cheque is voided correctly, it prevents anyone from filling out the cheque and using it to make a payment or any other banking transaction. A void cheque is a regular cheque, just like any other issued or received cheque, with the https://www.avvocatomarchese.it/journal-entries-examples-format-how-to-use-2/ word VOID written across the cheque face. The “void” writing tells the receiver (and anyone else who handles the cheque) that the cheque has no cash value.
Create a Duplicate of the Voided Check
Well, the fastest and easiest means is to print cheque void significado one off from the online option provided by your bank. However, not all banks have the online void cheque option thou you may still need the void cheque. Write “VOID” in large block letters across the front of the check.
- But what if you write a check from your checking account and later discover that you’ve made an error?
- Maybe you ran across a check that was misplaced at your place of employment and weren’t able to return it to the rightful owner?
- However, you must check the expiry date of the cheque book for official purposes.
- 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.
- Business owners often need to secure funding from multiple sources.
- If you don’t use checks often, it’s still worth keeping a few in case you need to set up direct deposit or automatic payments.
- It is often recommended that duplicates of the voided check be kept and maintained.
By using the simple steps in this guide, you can void a check when you need to. Make sure to pay attention to security and remember to note the voided Cash Disbursement Journal check in your register. If you have more questions or need help voiding a check without a paper copy, check our FAQ section.