As long as the information is copied adequately and the recipient says it’s fine. Otherwise a voided check or copy of a check will generally be the ideal method. In order to set up a direct deposit, your employer will need your account details. They may ask for a voided check because all your account information can be found on there including your account number, account type and bank routing number. A voided check has the word “VOID” written across it, indicating that it cannot be used for payment.
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. Grab a check out of your checkbook, and write “void” across the front. Write with well-spaced letters that are tall and wide enough to cover the whole face of the check without obscuring the banking https://www.bookstime.com/ information at the bottom. You want to make it difficult for thieves to erase or cover your void mark. A voided check is a check with the word “void” written across the front, which indicates that it shouldn’t be accepted for payment. The check can still be used to get the information needed for electronic payments.
How a Voided Check Works
Whatever you do, never sign a voided check or write any additional information in the blank spaces provided. The purpose of a voided check is to provide your bank name, routing number, and personal account number. Another option voided check means in case you have no checks is to use online banking options. By opting for setting up your account online, you don’t have to provide a voided check. You can use the bank’s website to create your profile and set up an account.
But, if you normally have no need for paper personal checks, this can be a way to provide a voided one. For example, if your company’s payroll department needs a check from you to set up direct deposit, you can provide a voided check. Then you know that no one would be able to alter the check and spend it, because it has been voided. Don’t cover up the routing or bank account number at the bottom of the check when voiding it.
Voided Check
Or maybe you wrote a check for $1,000 but you only intended for it to be $10 and spelled out this amount. Chances are the check won’t go through at the bank because of the discrepancy. To streamline your financial life even more, consider signing up for Experian’s free credit monitoring service. It provides peace of mind by alerting you of important changes to your credit report so you can address potential problems before they become major issues. Banking services provided by Community Federal Savings Bank, Member FDIC. Instead of trying to correct the error you may have made on a check, it’s better and safer to cancel the check completely by voiding it.
He is the sole author of all the materials on AccountingCoach.com. The Experian Smart Money™ Digital Checking Account and Debit Card helps you build credit without the debtØ—and with $0 monthly fees¶. Of course it takes a whopping two seconds to do, but as a young impressionable teen at the time, being clueless about most financial things was quite common.
Set Up Automatic Payments
If you want to send payments through a payee’s online portal, rather than your bank’s, you can probably provide your bank account information electronically as well. For instance, to send a payment from your checking account to your auto insurance company, you could enter your account information directly on its website. If you’re using the check to set up direct deposit or automatic payments, send it to the recipient. If the company is willing to accept a copy rather than the original check, you can fax or scan it instead of mailing it. Thus, sending a voided check is a simple way to provide your banking details to someone else so they can set up electronic payments.
At that point, your only option is to ask the bank or credit union to stop payment on the check. A voided check is simply a personal check with the word “void” across the front. If you don’t have paper checks, you can still get a check from your nearest bank branch. You can get a voided check by asking a teller to print one for you. There may be a fee for this service, so make sure you ask before you start the process.
If you’re asked to provide a voided check but you don’t have a checkbook, you generally have other options. In short, voided checks — like checks themselves — aren’t obsolete quite yet. Someday they may be, but for now, they still serve a useful purpose. It may seem pointless to enter a check that no one will ever cash, but it will save you hassle later on. When it comes time to balance your checkbook, you won’t drive yourself crazy trying to remember why there’s a missing check number and what happened to the check. You’ll just need your bank details at hand and then input them directly.
