What Is a Voided Check?

It’s a check that has been intentionally voided to ensure that it can never be cashed. voided checks reveal crucial banking information that if not shredded or disposed off properly can serve as linchpin to more dangerous scams. Voiding a check is a simple way of providing such financial information.

When you void a check by writing the word ‘VOID’ across its front in capital letters, there is no chance it will be used accidentally. The word ‘VOID’ is written in capital letters, so it is not mistaken for cash use. When you void a check, you prevent the check from being used by anyone to withdraw money.

Change your check- creation process

Although some mistakes can be corrected by marking the incorrect information and initialing it, this is not always a safe practice. It’s essential https://www.bookstime.com/ to note that some businesses may not accept such corrections. The check could still be run through the bank’s system for the incorrect amount.

This will help 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.

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This type of check is not used for deposit or cashing purposes. •   Reasons to void a check include setting up direct deposit with employers or government benefits and establishing automatic bill pay. There are other ways to set up a direct deposit that don’t involve providing a voided check. Usually, the employer will provide the new employee with a direct deposit form. These forms are fairly basic and require the employee to provide the following information. After you void the check, record the voided check number in your checkbook.