What is a Voided Check? How to Void a Check

what is a voided check

Those numbers printed in magnetic ink at the bottom of your check provide everything needed to deposit or withdraw funds. A voided check has the word “void” written across the front. It’s typically written in large letters so there’s no chance of it accidentally being used. The idea in this situation is to provide proof of account ownership, not stop a questionable person from cashing in the check.

  • To do that, you’ll have to write the word ‘VOID’ in capital letters going across the front of the check.
  • The person who receives a voided check cannot fill in the amount and other details and present it to a bank.
  • Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert.
  • If you don’t have paper checks, you can still get a check from your nearest bank branch.
  • The actual steps to voiding a check is extremely simple and most of the time you need to do this when setting up a payment online or for automatic withdrawals.

Knowing how to void a check is important when setting up electronic financial transactions. Even if you don’t use checks all that often, knowing how to void them is an essential skill. If you throw checks in the trash without voiding them, there is a risk someone takes them and uses them to commit fraud. But if you don’t have access to a shredder, https://www.bookstime.com/ you need to practice check voiding. Before you get too anxious, let’s take a closer look at what a voided check is. Print the form, add your signature and date, and submit to the company who requested the information. You can also ask for a paper copy of the Payroll, Direct Deposit, or Pre-Authorized Payment Form at your CIBC Banking Centre.

If You Don’t Have Checks

Generally, if “VOID” is written across a check, no matter how or where, it will be recognized as a voided check. Never again do you have to worry about finding your checkbook several times a month and firing off payment through the mail . As we highlighted earlier, there are literally dozens of different reasons you might choose to void a check or ask for a voided check from someone – and we touch on the most popular reasons below. For example, you may intend to write out a check for the amount of $50, but you accidentally add an extra zero, making it $500.

what is a voided check

Write the word “VOID” largely and conspicuous enough that the lettering can’t be altered. And don’t forget to use a pen or a fraudster could simply erase it. After the bank spends weeks trying to clear the check, it will bounce back. They will deduct $1000 from your account, whether you have a balance or not. If I’m a thief and have your voided check, how could I steal from you?

You may also need to send a voided check if you need to sell up automatic bill payments or regular investment contributions.

If you have a photocopy of a deposit slip or a cleared check for your account, you may also be able to use this for processing your request. While owning a checkbook and writing checks to many people might seem a bit outdated, there are still plenty who prefer this method. If both of these options fail you might want to ask the bank to record your pertinent account information and then notarize the letter, making sure it’s printed on their official letterhead. That’s almost always a solid approach, though circumstances will rarely dictate you have to go down that road. This is the information that today’s electronic banking services need to set up an electronic transfer between two different entities. The name of your banking institution is going to be printed prominently at the top left-hand corner of your check.

what is a voided check

Plus is it easier for you as the money is electronically transferred to your bank account. For example, someone may ask you to void a check when you land a new job and want to use direct deposit for your paycheck. If you’re really running out of options, you can try printing out your account details on a piece of paper at home. Many companies and websites allow you to set up an what is a voided check electronic bank transfer entirely from your online banking. If you’ve completed a check but want to cancel it, simply taking it back and voiding it makes it financially empty and therefore cannot be used to deposit a payment. When I used to write checks a lot for bills and other payments, occasionally I would write the wrong amount or accidentally spell something incorrectly.

Requirements for a Voided Check

This is important whether you must void a written check because you made a mistake or need to supply a blank check to an employer or service provider. Just grab the check right out of your checkbook and use a black or blue pen to write the word VOID across the front in large letters. Keep in mind that voiding a check may also be necessary if you’re writing a check and make a mistake. For example, if you write the wrong dollar amount, then you’d have to void the check to keep the person or business you write it out to from cashing or depositing it.

  • Once you’ve voided a check, it’s essentially disabled and cannot be used any longer.
  • However, some still require a voided check for direct deposits.
  • If possible, send the image through a secure and encrypted sending platform.
  • This is important whether you must void a written check because you made a mistake or need to supply a blank check to an employer or service provider.
  • You’ll want to write it in letters that are large enough for anyone to read, and you’ll want to write in a large, thick pen, if possible.

Always remember to keep track of any checks you void out to prevent identity theft or fraud. We will never ever recommend a product or service that we wouldn’t use ourselves. Crediful is committed to helping you make smarter financial decisions by presenting you with the best information possible. We are able to present this information to you free of charge because some of the companies featured on our site compensate us. 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. Next, while many suggest that this is all you need to do if you want to void a check, if you want to play it safe, others say that you should also write VOID in each section of the check as well.

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