How to Provide a Cancelled Cheque
Providing a cancelled cheque is a common requirement in various financial transactions, such as opening a bank account, applying for a loan, or proving your identity. A cancelled cheque serves as a valid proof of your bank account details, including your account number and bank routing number. In this article, we will guide you through the process of obtaining and providing a cancelled cheque.
Step 1: Obtain a Cancelled Cheque
To obtain a cancelled cheque, you will need to write a cheque to yourself or another person. Once the cheque has been cashed or deposited, it will be marked as ‘Cancelled’ by your bank. Here’s how to get a cancelled cheque:
1. Write a cheque to yourself or another person, ensuring that the amount is not important.
2. Deposit the cheque into your bank account or cash it at a branch.
3. After the cheque has been processed, it will be returned to you as a cancelled cheque.
Step 2: Check the Cancelled Cheque
Before providing the cancelled cheque, make sure to verify the following details:
1. Account Number: The cancelled cheque should have your account number clearly printed on it. This number is essential for the recipient to process the transaction.
2. Bank Routing Number: The routing number is a nine-digit code that identifies your bank and is required for transactions in the United States. Ensure that the routing number is visible on the cancelled cheque.
3. Bank Name: The name of your bank should be printed on the cancelled cheque.
Step 3: Provide the Cancelled Cheque
Once you have obtained a cancelled cheque and verified the necessary details, you can provide it for the intended purpose. Here are some common scenarios where you might need to provide a cancelled cheque:
1. Opening a new bank account: Submit the cancelled cheque to the bank to prove your bank account details.
2. Applying for a loan: Provide the cancelled cheque to the lender as a proof of your bank account.
3. Proving your identity: In some cases, you may need to provide a cancelled cheque as a valid form of identification.
When providing the cancelled cheque, ensure that it is legible and not damaged. If the cheque is torn or smudged, it may not be accepted as a valid document.
In conclusion, providing a cancelled cheque is a straightforward process that involves obtaining a cancelled cheque, verifying the necessary details, and then providing it for the intended purpose. By following these simple steps, you can ensure a smooth and hassle-free transaction.
