Voided check definition

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.

There are also instances when a company requests a voided check, or when you wish to have a check voided for your own purposes. Existing eligible Chase checking customers can refer a friend to bank with Chase and earn a cash bonus. Make purchases with your debit card, and bank from almost anywhere by phone, tablet or computer and 16,000 ATMs and more than 4,700 branches. The money market funds offered by Brex Cash are independently managed and are not affiliated with Brex Treasury. Yield is variable, fluctuates and is inclusive of reduced expense fees, as determined solely by the fund manager. See program disclosures and the applicable fund prospectus before investing for details and other information on the fund.

How do I request a voided check?

In the event that a void check clears, customers can file a claim when they receive their statement. Voiding a check may be necessary if you want to schedule electronic payments, either for personal https://www.bookstime.com/ use or if you run a business. For example, if you have a business and your vendors prefer to be paid electronically, then voiding a check may be part of the process to set up automatic payments.

• Once a check has been voided, it’s no longer usable as a form of tender.
• For example, if your company’s payroll department needs a check from you to set up direct deposit, you can provide a voided check.
• Some FIs even offer logged in customers the option to create prefilled Direct Deposit forms, which makes the process extra easy.
• Your bank’s routing number is usually written on their homepage of their website and you can find your account number when you sign-in.

Your employer may request a voided check to get your bank’s information, routing number and your own bank account number so they know where to deposit your money. If you’re among the 94% of American workers who prefer to receive their paychecks through direct deposit, you may need to give your employer a voided check to set things up. This may include rent, mortgage payments, utility payments, or other recurring bills.

Counter Check

Free online bill-pay service to send yourself a small check , then void the check once it’s been deposited. If you don’t have a voided check, there are other ways you may be able to set up direct deposit. In a variety of situations, providing a voided check enables you to share your checking account information without allowing anyone to use the check. A voided check can be useful for providing the necessary information for certain electronic payments, such as direct debits.

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How do I set up direct deposit without a voided check?

A voided check will still have your account details on it but it cannot be used to process any payment. No, although it’s common for both a direct deposit form and a voided check to be required and while both have similar information, they are not the same. The voided check serves as a verification of your routing number and account number. Most tellers won’t cash a check that has been voided but there have been cases of voided checks that have been cashed.