Whether setting up direct deposit or signing up for an automatic payment, people may need to supply a voided check. But what is a voided check, and how can someone make one?
Think of a voided check as a canceled paper check. It normally has the word “VOID” written across the front so it may not be mistakenly used for a transaction. People can supply a business or an entity with a voided check to easily share their bank account details for an electronic payment or direct deposit.
In this guide, learn how to make a voided check and other potential factors to consider.
Voiding a check is generally a straightforward process. Here are the steps to take:
There are several reasons someone may need to void a check. Here are some common examples:
Since checks contain sensitive financial information, there are security factors to consider, especially when disposing of a voided check. Consider the following safety aspects when using voided checks:
Learn how to set up Direct Deposit with PayPal.
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