How to Void a Check: A Step-By-Step Guide

Be sure to keep images of your checks somewhere safe, like a locked filing cabinet or an encrypted storage container on your computer. The difference between a checking and savings account can seem confusing. Huntington is here to help you understand the differences between a checking and a savings account and how both could help you manage your finances. Traditional faxing, where you go to a local printing or shipping office for the transaction, is better than the online services offered nowadays. Whenever you give bank information to others, there is always a danger of falling into the wrong hands. If you opt to do this, you should consider additional security to avoid problems.

Deposit Slips

Meanwhile, every business has a set policy regarding slated checks past the voided period of 90 days. If a thief gets hold of a voided check, he cannot make it out to himself, enter any amount, and sign it. You have to request a new one from the person paying you the check for these transactions. Balancing a checkbook and keeping track of all your expenses are great ways to start on the path to budgeting. Get started with a step-by-step guide, and take control of your money.

How to Void a Check in 3 Steps

You may need to void a check if you wrote a check and made a mistake. If you write the wrong dollar amount, then you’d have to void the check to keep anyone from cashing it or depositing it. When you send purpose and perks of your business having 13 accounting periods checks, even voided ones, the risk is always higher through electronic means. Yes, it is relatively safe to send a picture of a voided check via text or email as long as you take extra precautions.

Cancelling a Check After You Have Sent It

If the other person is making the payments, he or she will need a voided check from you for the same purpose. After you void the check, record the voided check number in your checkbook. This will help you remember that the check was voided and you’re not waiting for it to clear your account. If that check number is posted to your account, contact your bank right away. Finally, if you use duplicate checks, make sure your VOID marks are seen on the duplicate, too. These contain almost the same information as your voided check, minus your name and address.

Are There Alternatives To Voided Checks?

1. Should someone get the voided check, the person wouldn’t be able to cash or deposit it.
2. Meanwhile, every business has a set policy regarding slated checks past the voided period of 90 days.
3. Even if they are turned into electronic facsimiles, the practice is generally safe.
4. Most employers will ask for a voided check to set up your direct deposit in addition to filling out a form.

The only way to stop the check from being cashed or deposited is to request a stop payment from your bank, which may involve a fee. See if you can set up your bank account link entirely online. Instead of using forms, which require you to void a traditional check, try logging into your account (or ask if there’s an online system). In most cases, you need to provide your bank account information in an online form. If you don’t have paper checks, you can still enjoy the benefits of direct deposit. Learn multiple ways to void a check, and what to avoid.

Don’t cover up the routing or bank account number at the bottom of the check when voiding it. Those numbers are necessary for identifying your bank account to send or receive payments. Get your paycheck directly deposited into your bank account to save yourself some time and hassle. If you’ve never set up direct deposit before, it can be intimidating. You can’t void a check once you’ve given it to the payee.

Another solution is to visit a branch and ask for a “counter check.” The teller might be able to print a check with your account information on it. If so, try https://www.kelleysbookkeeping.com/ voiding that check as if it came out of your checkbook. You may have to get creative, wait for checks, or find an alternative way to link your bank account.

A dark pen or marker is also often used to make it difficult for thieves to remove the void mark and use it as a blank check. If you already sent a check that needs to be canceled, it’s obviously a little too late to write VOID across it. There’s still a way to void a check after sending it—but you’ll have to act fast.

If you are the payor, you should write a new one and file the accidentally voided check for record-keeping. If you are the payee, you should get the https://www.kelleysbookkeeping.com/fixed-asset-accounting-made-simple/ owner to write you a new one. If you’re the one making the payments, you may need a voided check from the other party to connect the accounts.