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Post Info TOPIC: Void Previous Year cheque and Remove from Bank
thomaslane

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Void Previous Year cheque and Remove from Bank
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Have you ever had a situation where you received a cheque from someone and then found out they no longer work for the company? In some cases, this can cause quite a headache. What do you do with the cheque? If you have ever filled out a void previous year cheque form, then you are in luck! This article will teach you how to remove the cheque from your bank account and avoid any potential headaches. By following these simple steps, you can ensure that your money is safe and your company remains compliant with banking regulations.

Read more-: Report to Use to Verify Information on 940 at Sage 50

 

What is voiding a cheque?

If you want to void a cheque that has already been presented to the bank for payment, you will need to do the following:

1. Log into your bank account on the web or through your phone banking app.

2. Find and click on "My Cheques" in your account overview.

3. Locate and select the cheque you would like to void. If the cheque is dated before 2017, it will be marked with a red "X."

4. To void the cheque, click on the "Void" link next to the cheque's details in My Cheques.

5. A message will appear confirming that your request has been submitted and that the bank expects a response within 7 business days outlining why you have requested this action be taken against the cheque.

6. Once you have submitted your request, please do not cash or deposit the cheque as it will no longer be valid and may result in financial penalties from your bank or creditor.

How to void a cheque

If you have a cheque that you no longer want to be associated with your bank account, there are a few steps that you can take to void it and remove it from the bank.

The first step is to find out how to void a cheque. This is done by going to your banks website and finding the form that needs to be completed in order to void the cheque. Once the form is complete, send it back to the bank along with a copy of your identification.

Read also-: Amended Tax Return Form 1040-X

 

Next, you need to find out how to remove the cheque from your bank account. This can be done by contacting your bank directly and requesting that they remove the chechee from your account. Be sure to provide them with all of the information that was required when you originally issued the cheque, like your identification number and account number.

What happens if you remove a cheque from your bank account?

If you remove a cheque from your bank account, the funds are immediately available to be transferred to another account or used as cash. However, the cheque will no longer be valid and can't be used for debt payments, transfers or withdrawals.

Conclusion

If you have a previous year's cheque that you need to dispose of, and would like to remove it from your bank account, there are several options available to you. You could contact the bank directly and ask them to void the cheque or delete it from your account, or you could use one of the disposal services offered by banks. Whichever option you choose, be sure to research it carefully beforehand so that you know what is involved and understand the risks involved.

See also-: Sage 100 Bank Reconciliation Problems



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