What is a Voided Check

There are several situations in which a voided check might be used. The most obvious one is when a mistake has been made when writing a check, such as stating the wrong payee or amount to be paid. Writing “Void” across it prevents someone from using the check to falsely extract money from the person’s checking accounting. Another use for a voided check is to set up direct deposit payments, usually for payroll What is a Voided Check payments from your employer into your checking account. The employer needs a voided check in order to extract the bank account information from the bottom line of the check. Yet another use for a voided check is when a lender wants to use it to set up an automated loan payment. As was the case with direct deposit, the lender will want to use the bank account information listed on the bottom line of the check.

  • Chase also makes it simple to set up direct deposit with a convenient pre-filled form that you can download through their app and print or email to your employer.
  • To do that, you’ll have to write the word ‘VOID’ in capital letters going across the front of the check.
  • If you’re here, you’re probably wondering how to write a void check.
  • You simply write the word “VOID” in big letters on the front of the check.
  • You can ask your bank for a blank check, which is known as a counter check.
  • Signing up is free and easy, and you can wave goodbye to those checks.
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The information in this document was developed with reasonable care and attention. However, it is possible that some of the information is incomplete, incorrect, or inapplicable to particular circumstances or conditions.

How to Get a Void Check for Direct Deposit

Just make sure that you don’t cover up the important areas such as your account number and routing number at the bottom of your check, or your personal/bank branch info. Voiding a check is as simple as writing “VOID” in large letters across the front of the check, but there are a few other things to keep in mind. Follow these three steps to get a properly voided check for setting up direct deposit or other automatic payments. A voided check is one of the important concepts in the bank account structure. A person can void the check by simply writing the word ‘void’ across the front page of the check. This voided check can be used for passing banking information to another party. This information can be used to set up the account for salary payment or mortgage or EMI payment.

You should also always keep the check stub—the thin paper copy behind each check you write—because this acts as a detailed receipt of all your check transactions. Sometimes you will need to void a check, and in order to avoid problems, you’ll need to know exactly how to do it. A bank statement is a record, typically sent to the account holder every month, summarizing all transactions in an account during a set time period. There are several scenarios in which you might need to void a check, some of which have already been mentioned. To recap, here are the most common scenarios in which you may need to know how to void a check. In order to void a check, write the word “void” on it as clearly as possible on both sides.

What is a Void Cheque?

Since your personal bank check includes all the necessary information to set up an electronic payment , it serves as a simple resource and helps eliminate errors. Log into your account and seek out the customer services and options provided by your bank.

What is a Voided Check

Sometimes, an alternative color pen may not show up correctly, or may not be accepted by the other party. Connecting you to a trusted network of resources created for your financial and personal success. Our seasoned bankers tap their specialized industry knowledge to craft customized solutions that meet the financial needs of your business.

If You Don’t Have Checks

You can void a check for any incorrect information and then rewrite it on a new check. Voided checks have several uses, including receiving a direct deposit from an employer, paying via ACH and remedying mistakes. Use a black pen or marker and write “VOID” in large letters across the front of the blank check. This prevents anyone from filling it out and trying to cash https://www.bookstime.com/ it. Let’s say you already sent a check but there are errors on the check or you may not have enough money in your account when it gets cashed. If you want to learn how to void a check you’ve already sent, there are a couple of things you can do. Lauren is a Crediful writer whose aim is to give readers the financial tools they need to reach their own goals in life.

What is a Voided Check

You want to get direct deposits from the organization which is faster electronically way. But for that, you may need to provide banking information to the organization such as bank account number. By voiding a check, you can provide the information to the organization. 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. Certainly, voided checks are not very common in the current electronic era. Account holders increasingly use on-line platforms to make payments and tend to fill their banking information directly on web sites. A voided check may be perforated with a “Void” stamp, or crossed out, or have “Void” written across it, be shredded, or simply be stored in a voided checks file.

Safely send the check

If you don’t have a paper check, you can always go to your nearest bank branch and request a voided check. If you don’t have any checks, and you want to set up a direct deposit or automatic electronic payment, there are other ways to do so. A voided check can be useful for providing the necessary information for certain electronic payments, such as direct debits.

  • When you record void checks, make sure to include the reason you voided the check as well.
  • If you don’t have paper checks, you can still enjoy the benefits of direct deposit.
  • You won’t need a void cheque very often, but it’s very inconvenient not knowing how to make one when you do.
  • This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for financial, legal or accounting advice.
  • If a check is not properly voided, it is easier for a criminal to erase the name of the payee or the amount of the check, add new information and cash the check.
  • But first, let’s touch on the reasons why you might need to void a check.

Get your paycheck directly deposited into your bank account to save yourself some time and hassle. If you’ve never set up direct deposit before, it can be intimidating. If someone requests a voided check from you, it’s easy to take care of.

Chime Review : Get Your Paycheck Early

It has a special void watermark and doesn’t contain the MICR line on the preview. If you’re unable to or don’t want to dispose of your own checks, many banks will do it for you. By taking the right steps to void a check, you can help keep your bank information and money safe. Generally, if “VOID” is written across a check, no matter how or where, it will be recognized as a voided check. This is the information that today’s electronic banking services need to set up an electronic transfer between two different entities. Every check includes a couple of key pieces of data that can be used by individuals and organizations to send or request money directly from your account.

Is a void the same as a refund?

Voids tend to be less expensive than refunds, so a void ends up saving you merchant account fees. A voided transaction will typically disappear from a customer's credit/debit account statement within 24 hours, while a refund may take 3 to 5 business days to appear on a customer's credit/debit account statement.

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. You may need a voided check to set up a bank account, direct deposit, or automatic bill payment. You may also decide to void a check if you filled it out wrong or completed a mobile deposit and want to make sure it can’t be used again. You can easily void a check by writing “VOID” across the front of the check, using blue or black ink and large letters. You may need to void a check to set up automatic transactions, like direct deposit of paychecks to your checking account. The most common use for a voided check is to establish a direct deposit¹.

But another common reason is simply to send reliable information about the banking account to another person or organization. Write “VOID” across the front of the check in large letters, making sure to avoid covering the account number and routing number at the bottom of the check. If the latter, make sure the VOID marking covers the check number, amount and recipient. If you don’t have a voided check to supply to a third party, you do have other options to get one.

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