Many employers and merchants will request that you get a void cheque for various reasons. For instance, you may need a void cheque to set up a direct deposit account or to include it in your employment record at work. These cheques help verify your identity so you can complete bank withdrawals, automatic deposits, and other similar tasks.
Fortunately, getting a void cheque from most banks is quite simple. If you’re a CIBC customer and you’ve never obtained a void cheque before, keep reading this article below to learn how to get a void cheque at CIBC, along with other related facts!
A void cheque is an invalid cheque from your chequebook that isn’t legally binding or valid for deposit. This means that when you hand the cheque over to your employer or another merchant, they cannot deposit the cheque or remove any money from your bank account.
The point of a void cheque is to help an employer or company verify your personal information and identity in order to ensure withdrawals and deposits to and from merchants are being taken and added to the right bank account.
You can complete automated bill payments and electronic fund transfers with a void cheque. Void cheques may also be requested in order to set up a direct deposit account.
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Now that you’re aware of what a void cheque is and what it’s used for read below to learn how to get a void cheque at CIBC.
Obtaining and reading a void cheque from CIBC is fairly simple and only takes a few minutes to complete! There are three main ways to get a void cheque: using a chequebook, through the CIBC mobile app, and through the desktop website. Let’s examine these different methods below:
One of the easiest ways to obtain a void cheque is by using a chequebook. All you have to do is use a dark-coloured pen and write the word “VOID” across the page.
However, make sure not to cover any of the numbers on the cheque, and ensure that your name can be clearly read.
After completing the void, you can simply hand over the cheque to your bank, employer, or another merchant upon request.
If you don’t have a chequebook, you can still obtain a void cheque by using CIBC’s online mobile banking methods- the CIBC app and the desktop website.
To get a void cheque from the CIBC app, use the following method:
To get a void cheque from CIBC’s desktop website, follow the steps below:
Another simple way to obtain a void cheque is to visit your local CIBC banking institution and request the Payroll, Direct Deposit, or Pre-Authorized Payment Form from one of the clerks.
You can fill out the form by hand and then either hand it over to your bank or pass it off to the merchant who requested it.
Now that you know how to obtain a void cheque and what it’s used for, you likely have other related questions you’d like answered. If you need more information regarding void cheques from CIBC, keep reading below:
The numbers on the bottom of your void cheque represent your banking information from CIBC to show your employer or other merchants where the money they’re sending or receiving moves from. The following numbers are stated on your cheque:
In most cases, sending void cheques is safe, provided they are put into the right hands. However, if the wrong person obtains your void cheque, they may be able to use the banking information on the document to commit fraud on your bank account.
Therefore, to send your void cheque safely, use a method that ensures the correct person receives it, such as handing it over in person.
However, if you’re unable to hand over the void cheque in person, you can mail it using a security envelope. These envelopes are designed to ensure no one can see the contents, meaning they are less likely to be stolen and opened.
Further, if you’re emailing a digital copy of your void cheque, you can better secure the document by formatting it as a PDF and encrypting the file.
If, however, your void cheque ends up in the wrong hands, CIBC is insured by the CDIC (Canadian Deposit Insurance Corporation), and all accounts are insured for up to $100,000 should theft or fraudulent activity occur.
To learn how to get a void cheque at CIBC, follow the steps listed above, which only take a few minutes to complete! You can get a physical void cheque by using a chequebook, filling out your void cheque information through the CIBC mobile app, or using the form on the CIBC desktop website.
If you’re concerned about your void cheque falling into the wrong hands, you can mail it using a security envelope, send a digital copy using an encrypted file, or simply hand over the cheque in person.
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