When you set up automatic payments or deposits, you often need to provide a voided check. Your bank information is printed on each check, and whoever asked for the voided check will copy that information and set up an electronic link with your account. There’s only one hitch: you need to know how to void a check, and you may not have ever done it before.
How to Void a Check
Voiding a check is really pretty easy.
Write the word “V O I D” across the front of the check in large letters. Make the word tall enough and wide enough to cover most of the check. However, don’t cover up the numbers at the bottom of your check — those are needed to set up the link with your bank account. Use a pen or a fine tipped marker so that nobody can erase the word “VOID.”
Important: don’t just email that check, do something to hide your account information from thieves.
Once you’ve done all this, make a note of it in your check register so that you know where the check in question went; you don’t want to wonder whether or not you wrote a large check to somebody and worry about it hitting your account. Just write “VOID” next to the check number and date, and note who you gave the check to.
Writing “VOID” across the front of the check prevents anybody from using the check to make a payment (by filling in a payee and an amount). Nobody will have access to a blank check, which could be used to steal your money.
If you don’t have Checks: How can you void a check if you don’t have any checks?
You’ll have to find another way. If you’re setting up direct deposit, ask your employer if there are any (more…)
December 23rd, 2015 by April Marasco
The Holiday Time is a popular time for holidaying and traveling. We want to help you keep your banking safe and secure, easy and hassle-free. Here are some helpful tips you can use to look after your finances while you’re traveling.
You should make sure your cards are kept safe while you’re on holidays, just as you would when you’re at home.
• Keep your card, PIN and online banking secure code safe and secure at all times, remember your pin and (more…)
September 2nd, 2015 by Kathy Armstrong
We all go to tremendous measures to protect what is ours. We install sirens in our homes to frighten intruders and alarm systems in our cars to scare off robbers.
But what steps do we take to protect our identities?
The new burglary: a personal intrusion.
Identity theft is becoming more common today as we exchange personal information in the mail, over the phone and via the Internet. Maintaining control and ownership over your identity is as much a part of your financial well-being as staying debt-free and purchasing appropriate life and disability insurance policies. Just like positioning motion detectors and panic buttons for your home and car, there are easy ways to minimize the risk of someone stealing your identity. (more…)