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Your checking account is one of the key components of your total financial picture. Read more about these 3 easy steps to properly void a check and keep your account secure.
A voided check is simply a paper check with the word “VOID” written across it, often in big letters, indicating without a doubt that it shouldn’t be used for making a payment. This ...
If you write a check for $1,000 but you meant to make out the check for $1,050, write “VOID” across the front and back of the check, and be sure to mark the check number as void in your check ...
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The description column on deposit slips has been used for over 100 years in the U.S. to notate where the bank should send the check to reclaim the money; this was done at first by notating in words the name of bank or its location. [9] The bank's transit number, also called bank number, began to be used instead of words.
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Often called "verifying funds" or "merchant funds verification", it was common practice until the mid-2000s that any business or individual could call the bank where the check was drawn and ask for check verification. The bank would ask for the account number, the name on the check, the amount and the check number and just look up the account.
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