The strategy of voiding checks has an interesting historical past that explains our present greatest practices. Writing “VOID” turned normal within the Nineteen Fifties after quite a few test fraud circumstances the place canceled checks had been altered and reused. Banks and authorities regulators agreed on this standardized technique to guard each monetary establishments and customers from test tampering.
All it’s a must to do is write “VOID” in massive capital letters with a everlasting marker throughout the next areas: the payee line, the quantity field, the quantity line, the signature line, and the middle of the test.
Write “VOID” massive sufficient to cowl many of the checks whereas maintaining the banking numbers on the backside seen for processing functions. These numbers, referred to as your test’s MICR line (Magnetic Ink Character Recognition), should stay clear and readable.
Utilizing a everlasting marker helps make sure the void marking can’t be eliminated or altered by somebody making an attempt to commit fraud. The thickness of your writing ought to be substantial sufficient that it will be inconceivable to erase or modify with out apparent injury to the test paper.
