And some common frequently asked questions for additional detail.
Before I start the guide, a couple of things you should remember about void check are:
Void check is mostly used to set-up direct deposit
Voiding a check cannot be used for any payment
Void check is used to get information needed for electronic payments
Most people don’t know about this term. However, it is the common term used in banking.
A cheque is voided when the word “VOID” in large letters is written across it, which indicates that it shouldn’t be used for payment.
The primary reason to void a check is to prevent it from being used by anyone, especially from bad people such as thieves or anyone wishing to do fraud.
However, there are various reasons to void a check.
Reasons to void a check
Want to know how to void a check? Two methods to void a check are mentioned below.
Method 1 – Write VOID (in capital letter) across the entire face of the check. Remember, writing shouldn’t cover the check number
Method 2 – Or, write VOID in the:
Key things to remember!
👉 Use blue or black pen to void a check
👉 Record the voided check number privately
👉 Keep the original and offer a copy whoever needs it
Spurn to give a blank check to anyone, instead, void a check and then give to them. It is not possible to cash out and deposit the void check by any people, so it is safe.Also read: 14 Best Webinar Software Tools in 2021 (Ultimate Guide for Free)
In the context of business, direct deposit transactions occurred frequently. Thus, the void check method is used by most of the business owners.
You need a paper check to get advantage of void check. In the event that you don’t have paper checks, you could do the following things.
Benefits of voiding a check:
✔️ A voided check cannot be completed, cashed or deposited.
✔️ Make it easier for people to share banking information.
✔️ Helps in setting up direct deposit, automated clearing house (ACH) transfers, etc.
✔️ It also helps prevent fraud or stealing money from your account.
Ventures are the ones that require voided checks mostly because to know employers banking details for payroll transfer, smooth business to business transactions, or any other reasons.
A void check consists of several details of the person such as bank account number, branch code, and routing number (unique, nine-digit number that functions as an address for your bank).
No. Not a check owner or either other person whether known or unknown cannot deposit, cash out or make payment if a check is VOID.
Void check is required when setting up direct deposits, automated clearing house (ACH) transfers, electronic bill payments, or making a mistake while filling a check.
Absolutely Yes. A person can make a filled-out check void by writing a VOID in capital letters.
It is safe to give a VOID check to a third person.
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