Void Cheque

Definition

  • A check that cannot be deposited. In order to void a cheque, all one must do is write "VOID" on the face of the check, preferably in capital letters. Some employers require a void cheque in order for them to set up direct deposit for their employees. Voided cheques can also be used to set up automatic payments for a service.

Synonyms
non-valid cheque, voided cheque, revoked cheque

Alternate Spellings
non-valid check, revoked check, void check, voided check

Related Terms and Acronyms

  • Blank Cheque Definition,
    • A cheque that does not have a dollar amount written on it.
  • Certified Cheque (CC) Acronym,
    • A cheque that a bank guarantees will clear.
    Bank account transaction code.
  • Cheque (CK) Acronym,
    • A written order for payment of a certain amount of money.
    Bank account transaction code.
  • Document Needs List Definition,
    • An inventory of papers a lender needs to underwrite a loan, usually including pay-cheque stubs, bank statements and tax returns.
  • NSF Cheque Definition,
    • If a cheque is returned for this reason, it means that there was not enough money in your bank account to cover the amount of the cheque. There is a fee to you if this situation occurs.
  • Void Definition,
    • Of no legal effect. A nullity.
  • Voidable Definition,
    • Where one party to a contract is entitled to rescind the contract at his/her option.
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