Direct Deposit Support

The employer needs a voided check in order to extract the bank account information from the bottom line of the check. Yet another use for a voided check is when a lender wants to use it to set up an automated loan payment. As was the case with direct deposit, the lender will want to use the bank account information listed on the bottom line of the 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. Check out these two apps that can help you get your direct deposits faster and without providing voided checks. Consumers often provide their own routing and account numbers online without any problem, so voided checks are required less frequently.

Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. Insurance related services offered through Credit Karma Insurance Services, LLC, which does business in some states as Karma Insurance Services, LLC.

How to Void a Check and When to Use One?

Many employers ask their employees to submit a voided check in order to set up payroll direct deposit. To do so, an employee simply writes “Void” in large font across a check and gives it to the human resources department.

A voided check can be useful for providing the necessary information for certain electronic payments, such as direct debits. Some employers may be able to set up your direct deposit using only a deposit slip from your account, so ask if that is an option before providing a voided check. Submit your voided check, along with the completed direct deposit authorization form, to your employer.

Set up automatic electronic bill payments

If you’re setting up multiple direct deposits or billing accounts, it may be helpful to create a copy of your voided check. Then, you don’t have to keep pulling checks from your checkbook. A voided check is a check with the word “void” written across the front, which indicates that it shouldn’t be accepted for payment.

Compensation may factor into how and where products appear on our platform . But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. That’s why we provide features like your Approval Odds and savings estimates. Note that some banks may charge a fee to issue a stop payment on a check. Make a copy of the voided check to send to your employer or whoever else needs the voided check. You can keep the original for yourself as a reminder that the check with this number was not used for a specific payment.

Banking

Those numbers are what the person receiving the voided check will use to identify your checking account. In theory, you should be able to just provide a routing number and account number to your payroll https://www.bookstime.com/ department. The voided check isn’t necessary, it just happens to have both numbers printed on it. The payroll system will use the bank’s routing number to direct your paycheck to the proper bank.

Grab a check out of your checkbook, and write “void” across the front. Write with well-spaced letters that are tall and wide enough to cover the whole voided check face of the check without obscuring the banking information at the bottom. You want to make it difficult for thieves to erase or cover your void mark.

Get a letter printed on bank letterhead

These offers do not represent all available deposit, investment, loan or credit products. 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.

This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser.

If you’ve never set up direct deposit before, it can be intimidating. Direct deposit is a free electronic transfer service you can use to send your paychecks directly to your BECU checking or savings account. Write “VOID” across the front of the check in large letters, making sure to avoid covering the account number and routing number at the bottom of the check. If the latter, make sure the VOID marking covers the check number, amount and recipient.

• If you want to get rid of a voided check, the safest method is to shred it.
• A voided check is simply a check that can no longer be used to make a payment or withdraw money from your checking account.
• Because the banks have different routing numbers, your payroll department won’t have trouble sending your paycheck to the right place.
• However, you’ll often find that you’ll need both an authorization form and some type of verification, such as a voided check.
• It can be used to get the information needed for electronic payments.

For example, if you write the wrong dollar amount, then you’d have to void the check to keep the person or business you write it out to from cashing or depositing it. Using paper checks can be risky, because of the sensitive banking information they contain, which could be dangerous in the wrong hands. Once you’ve voided a check, try to ensure it’s either disposed of or kept safely with other sensitive files. 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. We may receive compensation from the products and services mentioned in this story, but the opinions are the author’s own.