We highly encourage businesses to check out this article for a detailed understanding of Void Cheques, including how to obtain one from CIBC and RBC. A check marked with the word “VOID” is classified as a Void Cheque.
Void Cheque
When you mark a check as “void,” it prevents others from using it for payments. Most banks allow you to print a voided check directly from your online account. Alternatively, your bank may provide a form to fulfill void check information requests.
Printing it from your online bank or manually writing it on a paper check are both options. Void checks often display the necessary banking details for direct deposits or preauthorized payments. They play a crucial role in establishing an electronic connection between your bank account and specific transactions. For businesses operating in Canada, understanding Void Cheques is essential. This article will walk you through how they work and provide details on downloading them.
Void Cheque Uses
While a voided check is typically not usable for cashing or depositing, there are situations where it might be required. When you provide a voided check, you’re sharing personal financial information linked to that account with the recipient. Voided checks signal that the check holds no value and prevent the recipient from making any authorized payments.
Void Cheques are utilized to provide information to reputable businesses and establishments for tasks such as account verification and facilitating direct deposit payments. By using the banking data gathered from voided checks, electronic connections and direct payments are established. Many companies opt for direct deposit as a means of paying their employees instead of issuing physical checks. Once your account has been electronically linked, your earnings are directly deposited into your account on payday.
What is a Void Cheque?
| Article Name | Void Cheque |
| Country | Canada |
| Where can you get it | From your source bank. |
| Purpose | To provide your banking details. |
| Void Cheque Price | Varies with the bank. |
| Information on Void Cheques | Transit Number, Institution Number, and Account Number. |
| Mode | Paper-cheque and Digital Mode |
| For More Information | Click Here |
How to get CIBC Void Cheque?
To obtain a Void Cheque from the Canadian Imperial Bank of Commerce (CIBC) through the online portal, follow these steps:
- Access your CIBC online banking portal using your device at https://www.cibc.com/en/personal-banking.html.
- Choose the relevant account from the drop-down menu under “My Accounts.”
- Go to “Void Cheque and Direct Deposit Info” under “Deposit Account Details.”
- Opt for either printing a paper copy or downloading the document as a PDF file using the print function.
Remember, downloading a CIBC void cheque through online banking can help you save money, as physical CIBC paper checks may incur charges. The void cheque or direct deposit form from CIBC includes all the typical information found on a regular check.
How to get RBC Void Cheque?
To quickly obtain your RBC Void Cheque through the Royal Bank of Canada’s online portal, follow these steps:
- Access the RBC online banking interface on your device at https://www.rbcroyalbank.com/ways-to-bank/online-banking/index.html.
- Navigate to the “My Services” section and click on the “Account Services” button.
- Choose “View and Print Void Cheque” from the menu.
- Select the account with the voided check, preferably a checking account to minimize processing fees.
- Accept the terms and conditions before the system displays the voided check.
- Click “View and Print” after giving your permission. If you have a paper printer, you can now print the RBC Void Cheque.
- RBC’s void cheque and direct deposit form contain all the information typically found on a regular check.
- To create an RBC void check, write “VOID” across the front of the check using a dark pen or permanent marker.
Final Words
Even though checks are not as commonly used nowadays, void checks remain a valuable tool for streamlining payments. Employers and businesses use void checks to ensure the accuracy of banking information.
Knowing how to print or write a void check can be beneficial throughout your life. The only potential issue with a voided check is forgetting to mark it with “VOID” on top, but this risk is eliminated when using a printed copy. Consequently, you can confidently share your banking information with trustworthy partners at any time.
This post aims to provide comprehensive information on Void Cheques, covering all the essential details.
