How to Set Up Direct Deposit Without a Voided Check

For example, consider encrypting the image or uploading it to a secure file vault. Usually, you should keep your banking information private to protect yourself from fraud and identity theft. Don’t leave your checkbook, blank checks or copies of your checks where other people can find them. A voided check cannot be filled in, cashed or deposited.

• Ultimately, you are responsible for your financial decisions.
• Always keep a record of all your check transactions, and of all voided checks.
• Since checks are sequentially numbered, if you destroy a check rather than mark it “VOID,” you later might not remember that you didn’t use that check.
• Voiding a check helps ensure others can’t cash or deposit money from your account.
• It means that the check can no longer be used after it has been cashed or deposited.
• If you need a voided check to set up direct deposit with your employer, you have a couple of choices.

It is very useful in passing the banking information to another party. Providing your banking information to your employer so that employer can pay you. Chime does not provide financial, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for financial, legal or accounting advice. You should consult your own financial, legal and accounting advisors before engaging in any transaction. Voiding a check that should not be in use can also help prevent check fraud.

Why would I need to void a check?

Remind me how Paypal verifies accounts are linked to legitimate bank accounts. Pull a blank check from your checkbook, making sure to note its official check number in your ledger as you do. Make a note of “VOID check” to make sure you know why that check is skipped when you’re balancing your checkbook. Every check includes a couple of key pieces of data that can be used by individuals and organizations to send or request money directly from your account. Finally, you may provide the branch, transit, and account numbers directly to the recipient. For all of these options, cheques with the recipient first to ensure that they will accept these alternatives. Keep in mind that some of these options may not be acceptable to whoever is requesting the void cheque.

Writing “VOID” on a check means that the check can’t be deposited or cashed. If none of these solutions work for your particular situation, you may need to order checks from your bank. Some banks don’t offer checks, so you may need to sign up for a new checking account if you need checks to void. Vendors are unlikely to steal from your account, and the https://www.bookstime.com/ image might be safely stored or deleted after it gets used, but if fraud occurs, the risk is significant. When thieves access your account, you could potentially lose money, and the domino effect can make your life difficult. For example, you might end up bouncing other checks or missing payments because there’s not enough money for necessary payments.

Direct deposit is your ticket to Early Pay

If you don’t have a paper shredder, you can use scissors to cut up the check. Make sure you cut directly through your name, account number, signature, and other important details.

You can also send it electronically, but you need to be careful if you are doing this. Make sure you encrypt the image instead or at least upload it to some secure account first. The letters should be written using either a fine marker or a dark pen. This is a great way to make it hard for potential thieves to try to cover the mark or erase it. If this happens, the first thing to do is to notify your payroll department. Some mistakes can simply be marked with a line through the incorrect information and initialed. Some businesses won’t accept a correction, and it’s not always safe to do so.

Everything you need to know about the batch payments tool

For example, you can provide a voided check to a person or company. They will then take that information and request an authorized withdrawal or payment to your checking account. Here are some common scenarios for which you’ll need a voided check. You might need to use a voided check to set up an electronic link to your checking account. Most likely you’ll need to set up this link to get your paychecks through direct deposit, or to set up a recurring payment like your monthly bills. Chase also makes it simple to set up direct deposit with a convenient pre-filled form that you can download through their app and print or email to your employer.

• Checks contain personal financial information, including your routing and account numbers, along with your name and address.
• Depending upon your bank, you can find this information online, on your bank statements, on your checks , or you can go to a teller and ask for this information.
• For instance, maybe you wanted to write a check out to a newly married couple and wrote the check out to Mr. and Mrs. Johnson.
• In a variety of situations, providing a voided check enables you to share your checking account information without allowing anyone to use the check.
• The name of your banking institution is going to be printed prominently at the top left-hand corner of your check.
• Paper checks are a traditional form of banking and many of the best checking accounts still used them.

For example, when you call a plumber or electrician for a home repair, payment by check could be necessary. Some payments are made by mail as well, and you might prefer sending a check, versus mailing out a credit card number. If you have a Chase account, then you can also just fill out a form instead of using voided check a void check to set up direct deposit. All you’ll need to fill out the direct deposit form is your routing number, account number, and check ID number. Voided checks are often used for setting up direct deposits or automatic payments. Grab a check out of your checkbook, and write “void” across the front.

What is a Voided Check? How to Void a Check + Voided Check Examples

Some banks and credit unions will automatically send you a book of checks when you first open an account with them. Others will require you to purchase your checkbooks from them. Learn techniques for properly sending a voided check electronically, as well as other payment methods that may work better. Justin Pritchard, CFP, is a fee-only advisor and an expert on personal finance. He covers banking, loans, investing, mortgages, and more for The Balance. He has an MBA from the University of Colorado, and has worked for credit unions and large financial firms, in addition to writing about personal finance for more than two decades. Depending on your online banking portal, you may be able to print your void cheque online.