You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. 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.
- You would not want any thief to remove the word void because after that they will have a blank check in their hand.
- You might need to know how to send a voided check to start a direct deposit with your employer or set up autopay for a bill.
- It is best to permanently deface or destroy a voided check, so that no one can present it to a bank at a later date and expect to be paid for it.
- We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.
If you want to set up a direct deposit with your employer, you can’t just submit a blank check to provide your bank information, as anyone could fill out the check and take money from your account. 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. A void check is simply a check with the word “VOID” across the front.
Best Neobanks : Banking Made Easy
At the very core, however, a voided check is always asked for in an effort to utilize the electronic banking information that the checks include printed directly on them. In a world where electronic and online banking is so commonplace, it’s essential that you know how to void a check and how to use it to establish said link. 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. Ultimately, voided checks can come in handy in many situations. Knowing the right method to void a check, as well as the security steps to protect yourself, can help make payment — both as a recipient and as a payee — more efficient. You may want to dispose of a voided check, in lieu of holding onto it, for several reasons.
It is important to store your personal checks in a secure spot, maybe a lock box or drawer where you keep important documents. This way, your checks are not accessible to others who could use them to steal your money or your identity. You’ll want to account for what happened to the voided check so you’re not left wondering if you have an outstanding check when you’re reconciling your bank statement. To do this, write down the original check number in your check register or software you use to track check payments and make a notation that it has been voided. If your bank’s online tools allow you to keep track of your written checks, record it there. Though we live in an age where most of our banking can be done digitally, there are some instances when you’ll be asked to provide your bank information using a blank check.
However, it is possible that some of the information is incomplete, incorrect, or inapplicable to particular circumstances or conditions. If you don’t have paper checks, you can still enjoy the benefits of direct deposit. FinanceBuzz is an informational website that provides tips, advice, and recommendations to help you make financial decisions. We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information.
Voided checks can serve an important role in direct deposits and other ongoing transactions. No matter what financial service you use, be it a bank or a credit union, the process to void a check from any financial organization is going to be the same as the process outlined above. To send a voided check to someone just ask them for the mailing address you should use to mail the void check to them.
“With the use of a secure payroll portal, all staff set up their own Direct Deposit with as many accounts that they want. Gone are the days of submitting a voided check to HR,” said Jennifer Shannon, SPHR, SHRM-SCP, Nacha’s Director of Human Resources. Make a copy of the voided check to send to your employer or whoever else needs the voided check. You can keep the original for yourself as a reminder that the check with this number was not used for a specific payment.
- Remember, since you endorsed the check, anyone who gets access to the check can deposit or cash it.
- While some companies offer alternative ways to set up direct deposit if you don’t have access to checks, not all do.
- Some banks and credit unions will automatically send you a book of checks when you first open an account with them.
Recently at a dinner of bank executives I was chatting with the CEO of a Credit Union who’s daughter recently started a new job. The topic of voided checks for direct deposit then dominated the conversation. The money also becomes immediately available as soon as it has been deposited directly into your account which is another huge bonus.
How do I request a voided check?
However, it’s just as important that you know how to do so safely, securely, and while maintaining as much of your personal and private information as possible. In the other states, the Voided check program is sponsored by Community Federal Savings Bank, to which we’re a service provider. Find out what ACH stands for, what it can be used for, and the pros and cons of ACH transfer.
This can be because you are looking to make an ACH or Wire payment to someone’s account or to receive an ACH or wire into your bank account. Discover what FDIC insurance is, its limits, and the types of accounts it covers. Learn if your money is safe in banks, credit unions, and with CDs. All you need to do if you want to establish a direct deposit is take an existing check and write the word ‘VOID’ across the front of it in large capital letters.
If the check is not currently in the company’s possession, then contact the bank and authorize a stop payment on the check (for which the bank will charge a fee). If you write “Void” on a check, always use ink; someone could erase a “Void” mark made with a pencil and then try to cash the check. Don’t cover up the routing or bank account number at the bottom of the check when voiding it.
The whole point of the voided check has been to provide payroll departments with account and routing numbers. If you do not have a voided check – a bank letter or bank statement will suffice. This is required for each account, in order to verify ownership. A bank letter contains all of the following – an official bank letterhead, includes the business name, full routing and account numbers, is signed by a bank representative. Even if you use printed checks only on occasion, there comes a time when you need to void a check. But if you are running a small home business, for example, you might need to keep all of your checks, even the voided ones.
You should also make sure that no one can remove the word void from the check. You would not want any thief to remove the word void because after that they will have a blank check in their hand. Also, you should not cover the banking information which is written at the bottom of the check. A voided check contains the word ‘VOID’ across the front end of the check. The word void indicates that the check cannot be accepted for the payment purpose.
You may need to void a check if you wrote a check and made a mistake. If you write the wrong dollar amount, then you’d have to void the check to keep anyone from cashing it or depositing it. FinanceBuzz has partnered with CardRatings for our coverage of credit card products. FinanceBuzz and CardRatings may receive a commission from card issuers.
Frequently, employers require you to submit a voided check in order to record your account information and set up direct deposit for your paychecks. Even with today’s largely electronic world, the use of printed checks has not gone away. For example, when you call a plumber or electrician for a home repair, payment by check could be necessary. Some payments are made by mail as well, and you might prefer sending a check, versus mailing out a credit card number. To void a check, you just have to write the word ‘void’ across the front of the check. Just make sure that you write the word with bold letters and tall and wide enough to cover the whole face of the check with a dark pen or fine marker.