voided check

  

Definition

A check rendered null and void for any purpose; one common reason that someone might void a check is so they can submit it to their employer to establish direct deposit. Additionally, voided checks are created in order to avoid fraud, such as preventing a check from being cashed when there is an error or discrepancy between the written value and the numeric value. Checks can be voided out by the payer by writing the word "VOID" in large letters on the face of the check, having the payer contact the issuing financial institution and informing them to stop payment, and/or tearing the check in half.

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