Some checks might explicitly state a different period, such as three months or a year. The point is a potential thief can gain instant access to what is probably your primary financial account. This virtual cfo services will open the possibility of accessing your money or even stealing your identity for other purposes. A woman sits at her dining room table with laptop and financial reports doing her monthly budget.

Deposit Slips

1. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.
2. This will ensure it reaches the intended place without passing through third-party hands.
3. There’s still a way to void a check after sending it—but you’ll have to act fast.
4. By asking you for a check, your employer reduces the potential for errors.
5. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

Did you write a large check to somebody and forget about it, or did that check gets stolen? 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). Voiding https://www.quick-bookkeeping.net/ a check may seem as simple as just writing “void” across the front. At Bankrate we strive to help you make smarter financial decisions. While we adhere to stricteditorial integrity,this post may contain references to products from our partners.

Authorize a government agency to direct deposit your benefits

Alternatively, some banks provide form letters for setting up direct deposit—print it while you’re logged in to the online banking system, and it should have everything you need. You may be asked to send a voided check if you want to set up an electronic payment method for certain bills. That will eliminate the need for you either to https://www.quick-bookkeeping.net/accounting-definition-of-self-balancing-accounts/ issue a paper check in payment, or to go online and arrange the electronic payment manually. Many small or less formal organizations may allow you to provide the information from your checking account directly to them in lieu of sending documentation. They don’t need a voided check; it’s just a matter of convenience if you send one.

Can you get a voided check online?

For example, consider encrypting the image or uploading it to a secure file vault. They should be given only to individuals who are both trusted and necessary in your life. If any person or organization requests a voided check, be prepared to question them about the exact purpose. Unless it’s one of the usual reasons, you should never provide a voided check to anyone.

If you need to cancel payment on a check that has already left your hands, you’ll need to contact your bank. If a thief gets their hands on the check, they won’t have a blank check, which they could use to spend your money—effectively stealing from your account. It should be written across the entire front in large, preferably upper case letters. 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. Business firms and other organizations aren’t the only entities that may involve recurring personal payments.

Voiding a check can be a key step in setting up financial transitions like regular payroll direct deposits. Voiding a check properly by writing “VOID” in large letters on the documents will help reduce the stockholders equity calculator risk that the check will be cashed. In lieu of a voided check, you may also be able to provide documents such as a direct deposit slip that can provide the key financial information for the transition.

[+] She is smiling at the ease of use as she works on her smart phone banking app to do monthly finances, pay taxes and save money for the future. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Never give anyone a blank check, especially someone you do not know because it could be used to make a withdrawal on your account. Consider using a password-protected PDF if sending your information by email. A cleared check may contain information that you or another party may prefer to keep private.