When it comes to managing your finances, Complete Voided Checks Template can play a crucial role. A voided check is simply a check that has been cancelled, and it’s typically used for a variety of purposes such as direct deposit, pre-authorized debits, or setting up automatic bill payments. However, if you’re not familiar with the process of voiding checks, it can seem a bit daunting. That’s why we’ve put together this step-by-step guide on how to complete a voided checks template. By the end of this article, you’ll have all the information you need to confidently void a check and ensure its used correctly.
Step 1: Gather Supplies and Information
To begin the process of voiding a check, you’ll need to gather a few important items. First, you’ll need the checkbook containing the check you wish to void. You’ll also need a pen and a blank sheet of paper. Before you start, make sure you have all of the information you need such as the account number, routing number, and the name of the payee on the check.
Step 2: Write “VOID” across the check
Once you have gathered the necessary supplies and information, you can proceed with the next step. Take the check you wish to void and use a pen to write the word “VOID” across the front of the check in large, clear letters. Be sure to fill in each space completely, ensuring that the word “VOID” is legible and covers all important information like the payee name, dollar amount, and signature lines.
Step 3: Indicate the Reason for Voiding
At this point, you can also indicate the reason that you are voiding the check. For example, if you’re setting up automatic bill payments, you may write “Void for direct deposit” to indicate the purpose of the voided check.
Step 4: Make a Record
It is always a good idea to keep a record of any voided checks to ensure that your finances are in order. To do so, take a blank sheet of paper and create a record of the voided check. Record the cheque number, payee name, dollar amount, date of the void, and reason for the void if you indicated it. Keep this record in a safe place with your other financial records, so you can easily track which cheques have been voided.
Step 5: Save the Voided Check and the Record
The final step is simply to save the voided check and the record for future reference. You may need to present the voided check as proof of payment for various transactions such as insurance claims, employment forms, or tax records. Having the voided check and a corresponding record on hand can save you time and hassle in the future.
In conclusion, voided checks are an important part of managing your financials, and completing a voided check template is a simple and straightforward process when you follow these steps. Gathering the necessary supplies and making sure you have all the necessary information on hand is crucial at the beginning of the process. After that, writing “VOID” across the check in large, clear letters, and indicating the reason for the void, if applicable, makes for a complete voided check template. Finally, keep a record of the voided check and store it safely with your other financial records for future reference. We hope that this article has given you a better understanding of how to complete a voided check template.
