The only way to void a check is to write “VOID” large on the surface of the check, but there are other considerations. Take the following three steps to get a correctly voided check to set up a direct deposit or other automatic payment. Sometimes you need to void the check, but you need to know precisely how to do it to avoid the problem. So if you need to void the check, don’t panic. It can be really easy to do.
How to Void a Check Used to Set Up Direct Deposits
Never give a blank check to anyone. They can fill it out and extract money from your bank version. It would be best if you treated checks as you would treat cash. For this reason, the employer will request a voided check instead of a blank check to set up an account transfer. You can create an invalid check in the following ways:
Write VOID in large letters on the entire surface of the check.
- Or write “VOID.”
- Date column
- Recipient section
- Amount column
- Amount line
- Signature line
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What is a check?
A check is for a bank to pay a certain amount to the holder. Checks have dates, letters, and signatures. The person who writes the check is called a drawer or payer. On the other hand, the person on whom the check is written is called the recipient. In this case, the bank on which the check is issued becomes the drawer.
What is a voided check?
Avoided check is simply a check with “VOID” on the front. Writing “VOID” on a check means that the check cannot be deposited or redeemed. Disabling something means emptying it, disabling it, or disabling it. In other words, if the amount on the check is full, invalidating it will make it financially empty.
Is the voided check the same as the canceled check?
Not exactly. You must cancel the check before the payee can make a deposit to void a check. However, this is not the same as a canceled check. The bank has already cleared the canceled check. That means checks can no longer be used after being cashed or deposited.
Reason for voiding a check
Voided checks are helpful because you can share your bank account number with your branch number without worrying that someone will use the check.
If you want to set up bank transfers or recurring payments in physical form, you may be asked to enclose a blank check. This is common when setting up automatic home loan payments. However, it is not desirable to leave a blank check if someone fills it out and tries to cash it. Please send an invalid check instead.
There are many reasons you should void a check, but here are four common situations.
Bank transfer setup.
If your employer sends you a payroll directly to your bank account, you will probably be asked to submit an empty, voided check. Direct deposits are significant because that usually means you will be paid faster.
Set up direct payments.
If you are an employer, you may need to void the check directly behind the deposit to set up electronic charges from your account to pay your employees or vendors.
Start paying bills and loans regularly.
It’s pretty common for companies that require you to submit an empty, voided check to set up automatic invoice payments for other types of mortgage or consumer loans.
Set up direct payments.
You may require voiding a check if you schedule an electronic settlement for personal use or run a business. For example, if you are a business and a vendor prefers electronic payments, voiding checks can be part of setting up automatic payments.
For direct deposit.
While direct deposits allow you to receive payments more quickly, employers need specific information to start, such as your bank account number or bank branch number. You can quickly provide this information by disabling the check.
Pay recurring invoices.
If you pay a mortgage, car loan, or other invoices online, you may need to submit a voided check to schedule your checking account.
Cancel a check that one does not want to be cashed
The check can be voided even if it is not blank. For example, after writing a check, you realize you don’t have enough money to cash in the account. Or you make a stupid mistake, such as misspelling a name or adding a zero to the amount on the check. This is common. If you need to destroy a check for any reason, we recommend that you void the check for safety.
How many people are still using checks?
If you do not have a voided check, there are other ways you may be able to set up an account transfer.
- Ask your bank if they can print a void check (charges may apply).
- Ensure you have a pre-filled account transfer form so your bank can use it instead.
- Check your business account transfer approval.
- Check if your employer accepts copies of receipts and checks.
The conditions are often different at different workplaces. Some companies require an invalid check to set up a direct debit, while others look for other options. The primary purpose is to ensure that your salary is transferred to the correct account.
How do I cancel a check?
So what if you want to cancel a check you have already given to someone? Is it bad luck? That’s not true.
Note: Canceling a check usually involves urgency, unlike voiding a check.
To cancel, you will need to contact your bank promptly. The following information is required.
- check number
- Check amount
- Check date
- The name or company name of the check recipient
- Reasons for Suspension of Payment
Summary: How to void a check?
Voiding a check prevents it from being used as a blank check. In other words, a thief who has stolen a voided check will not be able to issue a check to him, write a large amount, and sign. You can also obtain the information required for electronic payments by check.
Muhammad Adnan has been writing about the tech industry since 2018 on a variety of topics like Cybersecurity, cryptocurrency, Software, video games, the latest gadgets, and much more.