How to Set Up Direct Deposit Without a Voided Check

For this option, all you have to do is verbally give the information. First, it’s important to know that you should never give someone a blank check, especially someone you don’t know. This is because anyone can fill it out and withdraw money from your bank account. A simple rule to remember would be to treat checks like cash. This is why employers ask for a voided check to set up direct deposit, not a blank one. With the rise of technology, people just aren’t writing checks to pay for things like they used to.

A voided check is simply a check that can no longer be used to make a payment or withdraw money from your checking account. A voided check has the word “VOID” written across the front of it. Voiding a check helps ensure others can’t cash or deposit money from your account. Because checks have important bank information on them, it’s important to make sure they’re voided correctly when you don’t want them being used.

Set up direct deposit or auto-pay

Knowing the right method to void a check, as well as the security steps to protect yourself, can help make payment — both as a recipient and as a payee — more efficient. You may want to dispose of a voided check, in lieu of holding onto it, for several reasons. While balancing a checkbook is a great way to see what happened to your money, planning a budget at the start of each month is the best way to stay in control of your money. And it’s super easy with the premium version of the EveryDollar budgeting app—included in Ramsey+. EveryDollar automatically syncs with your bank so all your transactions pop up on there—yes, even when your checks are cashed. Then you drag and drop those transactions into your budget lines and the math is done for you (just like magic!).

• Alternatively, you can scan the check and save it as a document or photo on your computer.
• Once you’ve done this, no one will be able to deposit the check.
• All you’ll need to fill out the direct deposit form is your routing number, account number, and check ID number.
• A voided check can also be a canceled check, and once it is voided, it cannot be accepted for payment by any intended payee.
• The company requesting a voided check may be able to accept printed deposit slips, that have your banking account information on them, instead of a check.

If your application meets the eligibility criteria, the lender will contact you with regard to your application. Some lenders send a promissory note with your loan offer. Sign and return that note if you wish to accept the loan offer. If you didn’t know how to void a check, now it should all be clearer to you. It’s a very simple process and you only need to ensure you do it properly.

How do you treat voided checks on the bank reconciliation?

For example, setting up autopay for your rent, utility bills, or phone bills may require a voided check if you choose to use a direct debit from your bank account. Many times, you’ll need a voided check to set up automated loan payments such as a mortgage payment, student loan, or auto loan.

To err is human and if you make a mistake when writing a check, voiding the check is often the best way to fix the error. Be aware, however, that voiding a check happens before the check has changed hands or is presented for payment at a bank.

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You may want to make sure no one else uses it, or, you may need to present a voided check for someone to access and confirm your banking information. You also need to contact your bank when you want to cancel a check. They need to receive a request from you to stop the payment. There’s no need to sign a voided check and https://www.bookstime.com/ it may be safer if you don’t. A voided check is simply used for verification of your banking information. You can then void this check by writing VOID across the front and send it to the entity that requested a voided check. Alternatively, you may be able to print a check at home and then follow the same process.

If someone has your voided check, they will be able to see and use all of this information. Voiding a blank check is the same as voiding a filled-out one. Simply write “VOID” in large letters across the entire check. Once you’ve done this, no one will be able to deposit the check. If you don’t have a voided check, there are other ways you may be able to set up direct deposit. If you already sent a check to someone, then it is not possible to void it.

Reasons for a Returned Check

Similarly, you may be asked to submit a voided check for automated clearing house transfers, such as bill and loan payments. This is especially the case when setting up automatic recurring payments.

If you need a voided check to set up direct deposit with your employer, you have a couple of choices. You can take a check from your checkbook and write « void » across it in large letters and provide the check to your employer.

The recipient will be able to cash the check unless you immediately contact your bank and have them issue a stop payment on that check. Doing so will block the bank from honoring the check when the payee presents it. The bank will charge a fee whenever you request a stop voided check payment. In order to send the correct information to the bank to stop payment, you will need to extract the requisite information from either a copy of the check or the check register. In case you’re planning to set up direct payments, you may have to void a check first.

• Consider encrypting the image when you send a voided check electronically.
• There are a few things you can do if you need to submit a voided check but don’t have any checks.
• If you want to get rid of a voided check, the safest method is to shred it.
• You should also always keep the check stub—the thin paper copy behind each check you write—because this acts as a detailed receipt of all your check transactions.