How to void a cheque

Having “VOID” across a cheque prevents fraud, while still sharing your account number to second parties.

Voiding a cheque is a simple process that requires you to write the word “VOID” across the front of the cheque. Ideally, it’s best to write it in big letters across your information. Using a pen or marker is best to ensure it shows up clearly and is un-erasable.

If the cheque was initiated to share your bank information, make sure not to write over those details. If you do this on a blank cheque, it’s helpful to take a photo of it for future use. 

Voiding a cheque can be done by anyone whether it’s blank or filled out. However, banks generally do not accept this type of cheque. 

Why void a cheque

Voided cheques are best for sharing your account number without worrying about anyone using the cheque. 

When setting up recurring payments or direct deposits through a physical form, the other party will most likely ask for a blank cheque. This is also common when scheduling mortgage payments. As mentioned before, make sure not to write over the printed numbers on the cheque. That’s due to the information being needed by the other party. 

Additionally, voiding cheques is usually a safety precaution. This helps cancel cheques that aren’t needed anymore. It is generally an extra measure against fraud too.

Cheques in Australia

Although still existing, research proves that cheque usage in Australia has dramatically declined over the years.  Due to electronic payments and technical enhancements, cheque payments in Australia have decreased by approximately 85%. Therefore, only a small number of cheques are used by certain sectors in Australia.

Read more about cheque usage in Australia here!