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Take a look at the FAQs Page for Bank of America to read all about voiding checks with their bank. If Bank of America is your bank, and you want to set up direct deposit, then you actually don’t need to void a check with them to do so. On a voided cheque, you’ll find three voided check key sets of numbers that a company or employer will need to set up direct deposit or pre-authorized payments. These numbers are usually found at the bottom of the cheque. It’s worth taking the necessary steps to set up direct deposit because it can save you a lot of time.

• This is especially the case when setting up automatic recurring payments.
• However, it is possible that some of the information is incomplete, incorrect, or inapplicable to particular circumstances or conditions.
• If you’re setting up online payments—or direct deposits—see if you can enter your account and routing information online.
• Discover a range of valuable financial topics in our Learning Center.
• Get started with a step-by-step guide, and take control of your money.

They can also be useful when it comes to opening accounts or direct deposits. So, if you’d like to practice voiding checks or start using them for yourself, a book of checks from the CheapCheckStore is a great starting place. If you don’t have access to online banking, or just want to deal with a real person, phone up your bank directly.

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You can also request ACH payment for government funds, such as Social Security checks or your tax refund. Since your personal bank check includes all the necessary information to set up an electronic payment , it serves as a simple resource and helps eliminate errors. If you need to prevent a check you’ve written from being cashed, you can request your bank to stop payment on the check. Once a check has been cashed, you can’t reverse or void the transaction. You can write it once in large letters, or you can write it in small letters on the date line, amount line, amount box, payee line, and signature line. Make a copy of the voided check to send to your employer or whoever else needs the voided check.

Another benefit is that many banks charge maintenance fees that can be waived if you set up direct deposit. Setting it up can mean you save a few dollars every month by avoiding bank fees. A voided check is a paper check that has the word «VOID» written across the front of it.

Setting Up Direct Deposit Without a Voided Check

That way, even if it’s deposited or cashed, the money won’t be deducted from your account. In addition, if it’s a check you’re not sending the check, Key recommends shredding voided checks and other sensitive financial documents to protect personal information. Knowing how to void a blank check is useful whether you need to set up auto-pay on a loan or want to start receiving your paycheck via direct deposit. Voided checks allow you to protect your funds from unauthorized use while also providing your pertinent financial information. Many banks now offer digital checks or, as mentioned above, a pre-filled direct deposit authorization form for ACH setup purposes.

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• Routing numbers are used to identify financial institutions and have been in use for a century.
• That way, you’re helping protect yourself if your check falls into the wrong hands.
• Or find a safe, legit online company if the bank doesn’t offer the design you want and you don’t mind paying extra to rep your favorite flower, inspirational quotes or sports team.
• Make a note in your check registerso that you’ll know where the check went.

You may need to void a blank check for multiple reasons, not just to set up direct deposit for your paycheck. Whether you’re able to stop a check payment depends on when it was written and whether the payment has already been processed. And depending on your banking institution, there may be fees involved with stopping payment on a check. Paper checks are a traditional form of banking and many of the best checking accounts still used them. But we live in a modern world with new approaches ways to handle money.

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Usually, no, you cannot cash a voided check as it’s considered valueless by banks. Usually, there is no way to cash the check either from banks or from any of the check-cashing places. However, there are some circumstances under which a voided check could potentially be cashed, albeit a rare occurrence. When you void a check it can’t be used as a check, meaning it can’t be deposited. Usually, a check is a document you sign to allow the recipient to withdraw the amount you specified from your bank’s checking account. Voiding the check makes the recipient unable to do this anymore.

• No, it isn’t necessary to sign or put any information on a voided check.
• If you don’t have a paper check, you can always go to your nearest bank branch and request a voided check.
• FinanceBuzz has partnered with CardRatings for our coverage of credit card products.
• In order to do this, you’ll need to have some info handy for your bank, like the check number, payee, and amount.
• The information in this document was developed with reasonable care and attention.

Your employer asks you to provide a voided check so that the check cannot be used should it fall into the wrong hands. That’s why many employers are strict about requiring a voided check. Then, it will contact the bank that received the erroneous deposit and request that the money be returned.