What is a Voided Check?
A Voided check is a type of Bank Check with the word ” VOID ” written on it, Voided check cannot be accepted for payment. It may contain the information about the check holder, such as the name of the payee or the person for whom it was originally created. However, the word VOID makes it impossible for banks or financial institutions to process it for payment.
A Voided check is a normal paper check that has the word “VOID” written across the front of it.
If you have to provide a voided check, you don’t have to request one from your bank or credit union. You can just use a Check paper from the check book and write “VOID” on it yourself. The word “VOID” doesn’t have to cover the entire check, but it should be big enough and dark enough so that the check cannot be used. Don’t write over the banking number information at the bottom of the check.
Purpose of Voided Check
A Voided check cannot be deposited OR Cashed. Which may sound Useless, But the fact is that Voided Check has a specific purpose, which is to make it easier for you to share your banking information with someone else.
Usually, you should keep your banking information private to protect yourself from fraud and identity theft. Don’t leave your check book, blank checks or copies of your checks where other people can find them.
You can also write “VOID” on a check if you made a mistake filling it out but don’t want to throw it away or shred it. Such Voided Check can be useful for record-keeping. Since checks are sequentially numbered., So it’s easy to keep a record of your Checks.
There are pre-made stamps on VOID written which can be also used to make a voided check.
Voided Check when Wrongly Written
Where to Present Voided Check Normally
When someone asks for your Banking information, a voided check can be handy. Writing all your Banking information like Bank’s routing number, account number, IBAN, Branch code etc there can be a writing error. Alternately you can provide a voided check that already has that information printed on it. The person receiving your voided check can use that information to set up an electronic transaction for your account.
You might use a voided check to:
- When you need to provide your Employer with your banking Detail for Salary Deposit.
- Information needed For Direct Deposit.
- When authorize a government agency to direct deposit your benefit checks.
- Giving information for Debit Orders for automated loan payments (e.g., mortgage, student loan).