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Voided Check How to Get a Voided Check with Example

what is a voided check

If you want to pay your mortgage, car loan, or other bills online, then you may have to submit a voided check to schedule payments from your checking account. 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. You may be able to find some of these pre-printed slips in your checkbook, or you can simply head to your closest bank branch and ask for one.

  • Or better yet, see if you can send a hard-copy through the mail or via fax.
  • Voiding a check is a common practice used to nullify incorrect checks and set up direct deposits or bill payments.
  • By writing “VOID” on the check, you’ll prevent anyone from filling out the check and cashing it.
  • If you’re unable to or don’t want to dispose of your own checks, many banks will do it for you.

Then set up direct deposit to put $100 per month into the account. At the end of the year, you’ll have the $1,200 you need for your trip. Another option is to ask a teller at your bank for documentation that provides the same information as a voided check. A letter on bank letterhead with your account information could work. All you really need to provide is your account number and the bank’s routing information.

Alternatives to Voiding a Check

Having the voided check on-hand also reduces the likelihood of payroll using the wrong information when it sends out paychecks since they have the check on-hand to reference. Direct deposit is a useful payroll feature that lets you get your paycheck deposited directly into your checking account. Common things that banks charge fees for include transaction fees, insufficient what is a voided check funds and overdrafts, wire payments, and out-of-network ATM use. This helps ensure that no one can use your cheque to withdraw money from your account. But there are reasons why you may need to void a cheque even though you can’t make a payment with it. Usually, you should keep your banking information private to protect yourself from fraud and identity theft.

What is a voided check used for?

You can use a voided check to set up direct deposit with your employer or government offices like Unemployment or Social Security. You can also use voided checks to establish automatic bill pay for loans or utilities.

Don’t leave your checkbook, blank checks or copies of your checks where other people can find them. You can also request ACH payment for government funds, such as Social Security checks or your tax refund. Since your personal bank check includes all the necessary information to set up an electronic payment , it serves https://www.bookstime.com/ as a simple resource and helps eliminate errors. Free online bill-pay service to send yourself a small check , then void the check once it’s been deposited. If you want to get rid of a voided check, the safest method is to shred it. If you don’t have a paper shredder, you can use scissors to cut up the check.

When to Use a Voided Check?

By using auto-pay you won’t have to worry about forgetting any bill payment and accruing late fees and hits to your credit score. An illustration of this happens when a company needs to make an electronic charge to someone who purchased a service. The supplier wants to be sure that the charge will be made to the correct account and holder. In this case, the owner provides the supplier with a voided check where the required data is visible but at the same time avoids any misapplication. When reconciling bank statements, voided checks must be accounted for. 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.

How do I get a voided check for direct deposit?

If you need a voided check to set up direct deposit with your employer, you have a couple of choices. You can take a check from your checkbook and write “void” across it in large letters and provide the check to your employer.If you don’t have a check to give, ask whether you can provide a counter check, a copy of a deposit slip, or a letter from your bank. You also might be able to provide your routing and account numbers directly.

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