When to use Stop Payment on Check
Not so long ago, Americans used cash or checks to pay for just about everything. Nowadays, cash and credit or debit cards are used to pay for most significant purchases. However, checks are still valuable forms of payment and may be used in any number of ways. Unfortunately, checks can be easily lost, stolen or forged. As a result, it is important to know how to notify your bank that it should not process any payments associated with a specific check that may have gone missing, been stolen or used in an unauthorized way. Similarly, if you need to stop payment on a specific check for any other reason, using a stop payment on a check request will help you to give the bank notice that funds associated with that check should not be withdrawn from your account.
If you have noticed that a check is missing, if you need to void a check already in circulation or you otherwise need to keep your bank from withdrawing a check’s funds from your account before a specific check clears, use a stop payment on check request to give your bank proper notice of your intentions. It is important to complete this request as soon as you possibly can, as your bank will need time to act upon your instructions before your check clears. You should also consider whether you need the check you are requesting a stop payment on to be reissued, as your bank may need additional information and/or fees in order to complete this additional request. If the check that is missing/stolen is a common blank check or the funds authorized by the check are no longer owed to anyone, you will not need to complete this additional step.
Stop Check Payment Request
Stop Check Notification
Stop Check Request
Stop Payment Order