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You may be asked to provide a voided check when setting up direct deposit or other automated payments or withdrawals involving your checking account. You may also need to void a check if you make a ...

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Pre-authorized checks are payments either in paper or electronic form that permits another party to draft money from your bank account on a future date. As a business owner, you might have occasion to ...

When you use QuickBooks as your business's bookkeeping software, there's more to voiding a check than shredding it and tossing it into the trash. You must record the voided checks in QuickBooks, as ...

A voided check is a paper check with the word "VOID" written on the front so that it cannot be used in any transactions moving forward. Voided checks can be used to help authorize direct deposits or ...

I write maybe two checks per month. Last month I wrote 2 checks that it later turned out I did not need. I wrote VOID on both sides of both checks and put them aside. Should I keep these? I have a ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. miljko / Getty Images An outstanding check is a check payment that is written by someone but ...

Banks tend to use terminology that may be confusing to understand. For instance, canceled checks may be words you’ve heard in some transactions, but you may be unclear on what it means. Take a look at ...