If you have a checking account, there’s a good chance you have a few pre-printed deposit slips tucked behind the checks in your checkbook. If not, you can get a deposit slip from the bank and fill in your account number by hand. Some companies allow you to set up payments or direct deposits with a deposit slip for your checking or savings account. Note that there’s no way to void a check if you discover a mistake after sending the check to the payee. At that point, your only option is to ask the bank or credit union to stop payment on the check. For example, if your company’s payroll department needs a check from you to set up direct deposit, you can provide a voided check.
If you don’t have any checks, and you want to set up a direct deposit or automatic electronic payment, there are other ways to do so. A voided check can be useful for providing the necessary information for certain electronic payments, such as direct debits. Online Check Writer financial management platform allows money transaction through ACH, Wire, Direct Deposit, eChecks, and Checks mailing.
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It’s a cost-effective and straightforward approach, which only requires your routing number and bank account number. Because of this, you’ll need to hand over a void check to supply voided check means this information. Some employers don’t require a voided check to set up direct deposit. You write in the bank’s name and routing number and your account number by hand.
But if you aren’t active online for your finances or feel uncomfortable with that, then a voided check will work too. Some places may require a voided check to receive your account information and even get set up an electronic transfer of your money too. Most tellers won’t cash a check that has been voided but there have been cases of voided checks that have been cashed.
What Is a Canceled Check?
In some cases it’s possible to fill out a direct deposit form without a voided check. That said, voided checks contain all of the information needed to set up a direct deposit, which is why they are helpful. Suppose you are a person who writes checks regularly for various expenses. Every time you don’t have to access your checkbook and make the payment. To set up the same, you need to provide details through void checks. You can get a void check for your checking account by writing “void” across the face of any check in your checkbook.
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