What Is a Canceled Check? [Banking Basics]

In this article, weโ€™re answering โ€œwhat is a canceled check?โ€

This will include ways you can use these checks, how it compares to voided checks, and answers to a few common questions we receive about them.

This article is part of our free series on how to send and receive money, including bank checks, bank transfers, and more, which you can access by clicking here.

Feel free to use the table of contents to jump ahead to the sections most relevant to you.

Table of Contents

  1. What Is a Canceled Check?
  2. Is a Canceled Check the Same as a Voided Check?
  3. Can You Deposit Canceled Checks?
  4. Frequently Asked Questions
  5. Ready to Explore Your Options?

What Is a Canceled Check?

A canceled check is a check that has been deposited or cashed by a bank. In other words, the money is not available. This is due to the fact that it has already been drawn from the account, and the check is no longer valid for payment. There are many scenarios in which you may need this type of check. But in most cases, the intention is to prove that the check has been deposited and funds are withdrawn.

Is a Canceled Check the Same as a Voided Check?

No, a canceled check is not the same as a voided check. The main difference between a canceled check and a voided check is that it is no longer available for deposit and a voided check is no longer valid for deposit. In other words, when canceled it no longer has funds available and when voided it was never paid at all.

Here is a closer look at both types of checks.

Canceled Checks

Canceled checks refer to checks that have been deposited by the recipient and paid for by the issuing bank. In other words, the check has fulfilled its purpose and the funds have been received by the intended recipient. In certain instances, you may still need the check for proof of payment.

Voided Checks

Voided checks refer to checks with the word โ€œVOIDโ€ written across the front. This indicates that the check is not valid and will no longer be fulfilled by the issuing bank. There are a number of reasons why someone may void a check, including writing incorrect information or when requested to provide a voided check to set up automatic deposits or withdrawals.

Can You Deposit Canceled Checks?

No, you cannot deposit a canceled check. The reason for this is that the check is no longer available for deposit. In other words, the funds associated with the check have already been withdrawn from the issuing account and deposited by the recipient.

What Are the Uses of Canceled Checks?

The primary use of a canceled check is to present proof of payment for a specific transaction. This can sometimes arise during legal proceedings, to show that a payment has not been made by an issuing party and processed by the receiving party. A common example of providing checks as proof of payment is following divorce proceedings or in child support.

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Frequently Asked Questions

Below are three of the most common questions that we receive from people looking into this topic. If you have further questions you would like answered, donโ€™t hesitate to get in touch with us directly.

What Is an Example of a Canceled Check?

An example of a canceled check is a check that has been cashed at the intended recipientโ€™s bank. This check is then sent to the issuing bank for payment. After paying the check, the issuing bank will mark the check to indicate that funds have been withdrawn from the corresponding account.

How Do You Get a Canceled Check?

You can get a canceled check either in physical format from the issuing bank or through your account via online banking. Importantly, many banks do charge fees for issuing a physical copy of a check. However, it is possible to get digital copies for free.

Is a Canceled Check Proof of Payment?

A canceled check is proof of payment and can be retrieved by most financial institutions for up to seven years. However, if you need proof of payment, itโ€™s important to confirm whether this form of proof will meet the requesting party’s needs.

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GlobalBanks Team
GlobalBanks Team

The GlobalBanks editorial team comprises a group of subject-matter experts from across the banking world, including former bankers, analysts, investors, and entrepreneurs. All have in-depth knowledge and experience in various aspects of international banking. In particular, they have expertise in banking for foreigners, non-residents, and both foreign and offshore companies.

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