How To Void A Check

On This Page, You can easily know about How To Void A Check.

Voiding a check is a common practice used to nullify incorrect checks and found out direct deposits or bill payments. The method is fairly straightforward, but it is vital that you simply roll in the hay carefully to avoid someone using your check fraudulently.

Table of Contents

How to Void a Check

Voiding a check isn’t that difficult. Here’s what you’ve got to try to do, step by step:

  • First, get a blue or black pen.
  • Next, write “VOID” in large letters across the front of the check, or write “VOID” in smaller letters on the date line, payee line, amount line, and signature line, also as within the amount box.
  • Make a replica of the voided check for your records and note the check number in your register if you retain one.

Voiding a Check you continue to Have in Your Possession

Record the voided check. Make a record of all voided checks in your register or check book also as your online banking software in order that you’ll accurately keep track of the checks being written from your account. This is often important to avoid confusion later and maintain clear and up-to-date financial records.

  • In your check book or register, write down that the check was voided by you and include a couple of words on the rationale why. For instance, “wrote the incorrect amount.”
  • Sometimes, you would like a void check to line up direct deposit, typically with a replacement employer. Increasingly these payments are made by electronic direct deposit instead of the distribution of paper checks. Void checks are a standard thanks to provide your account details to the payer. Typically, this may be a blank to make sure you’re asked to submit alongside an immediate Deposit Authorization Form, or something similar.

Cancelling a Check After you’ve got Sent It

Make sure you have all the specified information. If you would like to prevent a check payment after you’ve got sent it, it’s vital that you simply act quickly. This is often different from voiding a check, and usually incurs a fee. To save lots of time with the bank, confirm you’ve got all the required information on the check you would like to cancel. The knowledge required may vary by bank, but you ought to confirm you’ve got the subsequent details:

  • The check number, the quantity the check was for, and therefore the date of the check.
  • The payee, that’s the person or organization who you wrote the check to.
  • The rationale to prevent the payment, for instance you wrote the incorrect amount on the check.

Tips

  • This process is additionally useful if you create an error while writing a check and wish to write down another. This helps to make sure that if the partially written check is misplaced before it are often shredded, it can’t be employed by another party.
  • Instead of writing “void” on a check if an error is formed when filling out the check, you’ll just rip it up or shred the check. Just make certain to notate the voided sign-up your check registry.
  • Use a ballpoint or indelible felt-tip pen.
  • If you’ve got issued a check and need to prevent payment, contact your bank about obtaining a “Stop Payment Order.”
  • If you properly record an order and therefore the bank cashes the check, the bank could also be responsible for the cashed check.

Warnings

  • If a check isn’t properly voided, it’s easier for a criminal to erase the name of the payee or the quantity of the check, add new information and cash the check.
  • If you would like to cancel the check after you’ve got sent it, be prepared to pay a fee to the bank.
  • If you properly record an order and therefore the bank cashes the check, the bank isn’t responsible for the check if you did not provide enough information to spot the check otherwise you did not provide sufficient notice to implement the order
  • A written order often expires after 6 months. It is often renewed for an additional 6 months.
  • If you issue an order orally and don’t confirm it in writing, it lapses after 14 calendar days.
How To Void A Check

Leave a Reply

Scroll to top