How to Write a Void Cheque in Canada
- susmitanova12
- Oct 25, 2022
- 2 min read
Void cheques are used for many different reasons, from transferring money to someone to securing your bank account information. If you don't have a cheque book, you can easily print out a void cheque from online banking. Or, you can email a void cheque to someone. If you bank with Scotiabank, you can access your void cheques right from your mobile device. Most other Canadian financial institutions also offer this service.
When writing a void cheque, you must ensure that the account number on the check is correct. The account number is seven or twelve digits long and contains specific details about the account. If the void cheque is not accurate, it will not be accepted for a deposit or withdrawal. You can also use an online banking tool like RBC's to complete your void cheque. While this service works on mobile devices, it does not work with cheques written on a paper.
Void cheques are generally safe, although there is a small risk of identity theft from stolen void cheques. In addition, you should only use these types of cheques if you are sure that the person receiving it is the intended recipient. CIBC's bank accounts are insured up to $100,000 against fraud, so you'll have peace of mind knowing that your account will be safe.
If you've been unable to pay someone by cheque, the easiest way to cancel a cheque is to write VOID across the front. Make sure that you write it in large letters so that it is easily visible. You should also make sure to use a black or dark blue pen so that it is legible and visible.
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