Rather the person who is receiving the check can fill out the banking information which is provided in voided check to transfer the fund into the check writer account. Most employers will ask for a voided check to set up your direct deposit in addition to filling out a form. They ask for this because a check has all the information your employer needs to help ensure your paycheck is deposited in your account.
This voided check can be used for passing banking information to another party. This information can be used to set up the account for salary payment or mortgage or EMI payment. Thus it feels like a useless check but it is voided check means a very important document for passing the banking information to another party. While providing the banking information to someone one should keep in mind that the check should not be used as a blank check by someone.
How Do You Get a Canceled Check?
Some of the offers on this page may not be available through our website. In today’s increasingly digital world, a voided check seems like a rather quaint way to send your banking information. However, there are advantages to using one rather than sending your information electronically.
- It’s important that the letters cover the whole front part of the check but without covering the bank details on it.
- But this running list will give you the edge you need to pounce when the time is right.
- Business firms and other organizations aren’t the only entities that may involve recurring personal payments.
- Setting up automatic electronic check payments, linking your bank account, and making direct payments are some of the things you can do with a voided check.
- Voiding a check ensures it won’t be used by anyone, such as thieves who may write in a large amount for themselves.
You can ask your financial institution to send a letter providing all the same information to the party requesting your voided check. One of the advantages is your bank or credit union may send the letter directly to the party requesting the voided check, avoiding the need to send it by email. A voided check is a paper check with the word “void” written in large, bold letters across its face. Should someone get the voided check, the person wouldn’t be able to cash or deposit it.
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To do that, you’ll have to write the word ‘VOID’ in capital letters going across the front of the check. Make sure you use a black or blue pen with permanent ink, and if you have a duplicate check, do the same for that copy. Voided checks can serve an important role https://www.bookstime.com/ in direct deposits and other ongoing transactions. To send a voided check to someone just ask them for the mailing address you should use to mail the void check to them. To get a voided check you’ll need to talk to your bank and get them to send you a checkbook.