A voided check helps companies that make deductions for automatic payments avoid problems caused by user errors. Bankrate’s editorial team writes on behalf of YOU — the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers.
Reasons for using a voided check
The content created by our editorial staff is objective, factual, and not influenced by our advertisers. The point is a potential thief can gain instant access to what is probably your primary financial account. This will open the possibility of accessing your money or even stealing your identity for other purposes.
Add this note to your check register.
Record all checks in your check register to ensure you don’t lose or misplace any of them. When writing the word “VOID,” make the letters large and easy to read. You can also write “VOID” in smaller letters on https://www.online-accounting.net/11-things-to-watch-out-for-when-buying-a-leasehold/ key areas like the signature line, payee line, and amount line on the right, but it’s not mandatory. To start, take a blank check and print “VOID” in large letters across the center with a blue or black pen.
- First, it’s important to know that you should never give someone a blank check, especially someone you don’t know.
- Depending upon your bank, you can find this information online, on your bank statements, on your checks (if you have them), or you can go to a teller and ask for this information.
- In your check register, write “VOID,” along with the check number, date, and a note about why you voided the check (such as who you gave it to).
- I graduated in 2003 from Carnegie Mellon University with a Masters in Software Engineering and I use my analytical skills to navigate the financial world.
Treasury & payment solutions
Instead of using forms, which require you to void a traditional check, try logging into your account (or ask if there’s an online system). In most cases, you need to provide your bank account information in an online form. If you’re going to provide the voided check electronically, don’t just send it out in the open, in a standard email message. Take steps to hide your account information from thieves and hackers.
Your guide to checking basics
A voided check includes banking information required to ensure correct electronic banking transactions for people who pay bills online and or are paid via direct deposit. 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. A voided check is a check that cannot be used for financial purposes to pay for anything. You might be asked to void a check, and turn it in with some paperwork to get direct deposit started.
You may have several of these pre-printed slips in the back of your checkbook. You may have to get creative, wait for checks, or find an alternative way to link your bank account. Set up direct deposit for your Huntington Checking account, and you could start receiving your pay early. When we receive your direct deposit information from your employer, we make your pay available to you, up to two days earlyΩΩ.
If you find yourself needing to present a voided check to an employer to have your paycheck direct deposited or to a company for setting up electronic payments, visit your bank. In the not-so-distant past checks were the primary way of exchanging funds. The first thing to know about checks is what all the numbers mean – the check number, routing number and account number. These numbers are often used for recurring deposits like a paycheck, or automatic withdrawals for paying bills. If you’re setting up direct deposit with your employer, you’ll need these numbers.If you’re opening a new account, make sure you order checks to have on hand.
Use either with a dark pen or fine marker so it will show clearly on the one hand, but still leave the important information intact on the check. Lastly, but most importantly, sign your name on the line at the bottom right-hand corner. Typically, a check https://www.online-accounting.net/ cannot be deposited or cashed without your signature. In the event of a lost or stolen card, contact us anytime day or night to avoid fraud. Whether you’re filling out a check for the first time or first time in a while, you might have questions.
Without a voided check, you may have entered your checking account number incorrectly. If someone else has the same account number as the incorrect entry, horizontal analysis formula the wrong person may end up being debited. Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first.
