While you’ll be asked to provide your bank routing number and account number on a form, your employer’s human resources department will probably need a copy of a voided check as well. After you void the check, record the voided check number in your checkbook. This will help https://businesstribuneonline.com/navigating-financial-growth-leveraging-bookkeeping-and-accounting-services-for-startups/ you remember that the check was voided and you’re not waiting for it to clear your account. If that check number is posted to your account, contact your bank right away. Finally, if you use duplicate checks, make sure your VOID marks are seen on the duplicate, too.
Recurring Personal Payments
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. You can also use a voided check to set up automatic electronic payments, including ongoing expenses such as rent and bills. 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.
Voided check definition
When you’re submitting a voided check for direct deposit or automatic payments, you don’t need to include any information on the regular lines. After you grab a blank check from your checkbook, you’re ready to move on to the next step. You may be asked to send a voided check if you want to set up an electronic payment method for certain bills. That will eliminate the need for you either to issue a paper check in payment, or to go online and arrange the electronic payment manually. Voiding a check is a straightforward process that involves writing the word “VOID” on the check. In the not-so-distant past checks were the primary way of exchanging funds.
Are There Alternatives To Voided Checks?
Whether you’re filling out a check for the first time or first time in a while, you might have questions. Maybe you don’t need the check anymore, or you messed up writing it out and need to change something on it. Once you’ve voided a check and made copies of it, shredding the original check is a good idea to help prevent fraudsters from getting their hands on it.
- Did you write a large check to somebody and forget about it, or did that check gets stolen?
- If a check has been written to you, you might be wondering how to get it into your bank account or cash it.
- The site you will enter may be less secure and may have a privacy statement that differs from the bank.
- This will ensure it reaches the intended place without passing through third-party hands.
- Typically, banks charge a fee of up to $35 for a stop payment request.
Before giving an employer a voided check, it can make sense to first make a copy of the check, so that you know how the check was used. At Bankrate we strive to help you make smarter financial decisions. While we adhere to stricteditorial integrity,this post may contain references to products from our partners. accounting services for startups Voiding a check is easy but you should exercise some care if you need to void a check. Write VOID across the front of the check, but take care not to write over the numbers printed at the bottom of the check. Write “VOID” in large, bold letters in black or blue ink across the front of the check.
