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Bookkeeping

How to Void a Check Voided Check Example

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how to write voided check for direct deposit

To void a check, you will take an unused check for the account into which you would like your money to be deposited. With a pen, you will write the word VOID across the front of the check in large letters. This will prevent anyone from filling out the check and attempting to cash it.

If you can’t get a hold of a check to void, an electronic check image, or a pre-printed deposit slip, a last resort solution could be getting proof of your account from a bank. This should be a letter written on a bank’s letterhead, verifying your routing number, account number, and account type. In place of an original check, you could print out an image of your check if you have one, void it, and use that instead. When you sign up for checks online, some banking entities can provide an image of your check with your account information.

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Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Your last option https://www.bookstime.com/ is to gather all your bank account information in one place so that you can fill out a form for your employer to set up a direct deposit. Voided checks can serve an important role in direct deposits and other ongoing transactions.

how to write voided check for direct deposit

Voiding a check prevents the check from being used by anyone, especially thieves who could write a large sum of money out to themselves. Typically, a voided check is used to get information needed for electronic payments because it includes details such as your routing number, account number, and check number. In the not-so-distant past checks were the primary way of exchanging funds.

What is a Voided Check?

Bankrate follows a strict
editorial policy, so you can trust that our content is honest and accurate. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. This is because it is an easy and convenient way for the employer to have access to your bank information without requiring you to make a money transfer. If you add one too many ‘0s’ to your check, you can’t just correct it and hope it works out.

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How long can a check be cashed if its not voided?

You can start checking the status of your refund as soon as 24 hours after submitting your return electronically. If you filed on paper, the return could take six months or more, according voided check to IRS.gov. •   When you void a check, you can forget about anyone ever using it. When a check is canceled by a bank, it is no longer valid; it has been paid and no longer has value.

how to write voided check for direct deposit

However, if you issue a stop payment on a pending check, you may want to keep an eye on your account to make sure no funds were withdrawn as the stop was being initiated. •   You could also write “VOID” in the payee line, amount line, amount box, or the signature line. Some financial institutions let you “preview” your checks on your bank or credit union’s website before you order them online. If your financial insulation allows this, you might be able to print out the preview and write “VOID” across it. Unemployment benefits and Social Security payments may be delivered by direct deposit instead of a mailed check. This way, both parties can enjoy the increased security of a digital transaction.

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This reduction in paper waste is also beneficial for the payee. Rather than having to hold on to years’ worth of old paper pay stubs in an overflowing file cabinet, your electronic records can be digitally stored. If you need to void a check for any reason but don’t have one, there are workarounds you can try.

Using a blue or black pen, write “VOID” in large letters across the entire front of the check, making sure not to cover the routing or account numbers. Those numbers are what the person receiving the voided check will use to identify your checking account. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.

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