How to Set Up Direct Deposit Without a Voided Check

In the not-so-distant past checks were the primary way of exchanging funds. The first thing to know about checks is what all the numbers mean – the check number, routing number and account number. These numbers are often used for recurring deposits like a paycheck, or automatic withdrawals for paying bills. If you’re setting up direct deposit with your employer, you’ll need these numbers.If you’re opening a new account, make sure you order checks to have on hand. It is important to store your personal checks in a secure spot, maybe a lock box or drawer where you keep important documents.

Voided checks allow you to protect your funds from unauthorized use while also providing your pertinent financial information. If you want to get creative, try generating an image of a Bookkeeping for Independent Contractors: A Guide Shoeboxed voided check using a check printer. While this method will not work if you need to mail a physical check, it can help you get an electronic image of a check with your bank information.

How to edit Voided check generator in PDF format online

A voided check still shows information about you and your bank account. It will likely have your name, address, bank name, account number, and routing number. If someone has your voided check, they can see and use all of this information. While some companies offer alternative ways to set up direct deposit if you don’t have access to checks, not all do. You may also be able to set up deposit or withdrawal instructions using a deposit slip instead of a voided check. A pre-printed deposit slip might be required—not the blank ones you grab at the bank and fill out by hand.

If you need to fill out an online form, the information you will need includes your routing number, account number, and the name, city, and state of the bank or credit union. Before submitting this information, double-check it for accuracy. Your routing number is specific to your bank, while your account number is specific to your account.

How do you make a voided check?

If you aren’t sure of any of this information or get it wrong, the check could still be cashed, and the only way to avoid financial loss would be to freeze the account. A creative solution is to have a check printer to generate an image of a voided check for you. This method won’t work if you need to mail the check, but it can help you get an electronic image of a check containing your account information. Start the process of ordering checks, and when it’s time to “preview” your order, you’ll have a customized check image that you can void. 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.

• However, there are some circumstances under which a voided check could potentially be cashed, albeit a rare occurrence.
• Note that some banks will charge a $15-33 fee for this request.
• This saves you the hassle of having to visit the bank to cash your paycheck multiple times a month.
• Maybe you don’t need the check anymore, or you messed up writing it out and need to change something on it.
• In other words, if a thief gets hold of the voided check then also it cannot be misused by entering payee information and entering large values.
• Read on for a few scenarios where a voided check is necessary.

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. This site may be compensated through the bank advertiser Affiliate Program. We believe by providing tools and education we can help people optimize their finances to regain control of their future. While our articles may include or feature select companies, vendors, and products, our approach to compiling such is equitable and unbiased. The content that we create is free and independently-sourced, devoid of any paid-for promotion.

The costs of a negative bank account and how…

Usually, you can just provide a statement that shows the lack of a deposit. Then, your payroll department will need to track where the money was sent. Account numbers identify specific accounts at a financial institution. Routing numbers are used to identify financial institutions and have been in use for a century.

For this, the word void should be written big and dark enough across the check. With the rise of online banks, your checking account may not come with a supply of paper checks. If you don’t have access to paper checks that you can void and provide https://adprun.net/bookminders-outsourced-accounting-and-bookkeeping/ to your employer or a merchant who needs one, there are other ways to set up ACH transactions. Your voided check may also include your address and the name (or names) of the account owner(s), exactly as they’re listed with the banking institution.

How to Write a Check

Sometimes you’ll need to cancel a check payment after you’ve already sent or given the check. If you need to cancel a check you’ve written out, then you need to know how to void a check. This will help keep your checks safe and accounted for as you balance your checkbook.

• Basically, voiding a check you already sent is like bouncing your check preemptively.
• We are Finance Futurists, a finance blog made to provide educational insight for Gen Zers and Millennials looking to improve their personal finance knowledge.
• If you are unable to locate any voiding options, your next step should be to contact customer service for guidance.
• If you want to get fancy with your money management, or just automate it further, you can split your direct deposits.
• 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.
• It will include your account number and the name of your bank.
• Setting it up can mean you save a few dollars every month by avoiding bank fees.