Your last option is to gather all your bank account information in one place so that you can fill out a form for your employer to set up a direct deposit. 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.
What if You Don’t Have a Spare Check?
In lieu of a voided check, you may also be able to use documents such as a direct deposit slip that can provide the key financial information for the transaction. If you’re unable to provide a voided check, or if your bank doesn’t offer paper checks, there are alternative methods to set up a direct deposit or an electronic payment. One of the most routine instances Bookstime of voiding a check is for setting up direct deposit with your employer.
What is a second-chance checking account?
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. Banks and credit unions are well instructed in methods of protecting personally identifying information and they will know the best way to send the letter safely to the intended party. Voiding a check can be unearned revenue a key step in setting up financial transactions, like regular payroll direct deposits. Voiding a check properly by writing « VOID » in large letters in ink on the front of the check will help reduce the risk that the check will be cashed.
Automatic Electronic Payments
Also, you don’t need to bother endorsing the check as you won’t actually be using it. Any bank teller (even those working the first hour of their first shift) will understand that the check itself is anything but legitimate and you will what can someone do with a voided check have nothing to worry about. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. We will never ever recommend a product or service that we wouldn’t use ourselves.
Send or Discard the Check
- To create a void check, you need to start with a blank check and write the word “VOID” across the entire check with blue or black ink.
- The purpose of a voided check is to provide your bank name, routing number, and personal account number.
- You can open a Wise account and receive money from around the world with local bank details.
- After submitting a voided check, it’s recommended that you monitor your account for any unusual deposits and withdrawals.
- Setting up the arrangement may require you to provide a copy of a voided check so the client can establish the electronic link for payment purposes.
Employers may not be the only entities you’ll have a direct deposit arrangement with. Direct deposit will be the preferred way for those institutions to make payments and for you to receive them quickly. 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. You may need to void a check when you make an electronic financial transaction.