Cheques may be rare these days, but a void cheque is still essential for setting up direct deposits or pre-authorized payments. If you bank with Simplii Financial (a division of CIBC) and need a void cheque, it’s easy to get one. This guide walks you through the quick steps to get a Simplii Financial void cheque or direct deposit form.
How to get a Simplii void cheque
If you need to set up direct deposit or automatic bill payments, a Simplii void cheque is often required. There are two ways to get one:
1. Download a digital void cheque/ direct deposit form
Simplii digital void cheque, or direct deposit form, is a quick and convenient alternative to a physical void cheque. This form contains the same transit, institution, and account numbers needed to set up direct deposits or pre-authorized payments.
Here’s how to access and download your Simplii direct deposit form:
- Sign in to your Simplii Online Banking account.
- Click More Services on the left-side menu.
- Select Order cheques under Account Services. You can also access the form through the Account Details page.
- Click Get Void Cheque/Direct Deposit Info.
- Print the form or save it as a PDF to email or share as needed.
The Simplii direct deposit form can be used in place of a void cheque and is often preferred since it’s faster to obtain and can be easily shared digitally.
2. Use a physical cheque
If you have a Simplii chequebook, simply take a blank cheque and write "VOID" across the front in large, clear letters. This ensures the cheque cannot be used for payment while still displaying the banking information needed to set up transactions.
3. Order cheques from Simplii Financial
If you don’t have any cheques on hand, you can order a chequebook for free through Simplii Online Banking. Follow these steps:
- Sign in to your Simplii Online Banking account.
- Click More Services on the left-side menu.
- Select Order cheques under Account Services.
- Follow the prompts to place your order.
With the Simplii Financial No-Fee Chequing Account, you'll have access to free personalized cheques in addition to the other benefits they offer like no monthly fees, unlimited debit transactions, and free e-Transfers.
Cheques typically arrive within 7–10 business days. If you’re in a hurry, consider using a Simplii direct deposit form instead, which provides the same information and can be downloaded instantly.
What is a void cheque?
A void cheque is a blank cheque that has "VOID" written across it. This marks the cheque as unusable for payments but preserves the important information printed on it.
A void cheque contains your transit number, institution number, and your account number.
Void cheques are often requested when setting up direct deposits for paycheques or pre-authorized debits for recurring expenses like rent, utilities, and loan payments. They provide a simple, secure way to share your banking details without the risk of unauthorized withdrawals.
What are void cheques used for?
Void cheques are commonly used to provide the necessary banking information to set up electronic transactions. They’re typically requested for:
- Direct deposits: If you’re setting up direct deposit for your paycheque, government benefits, or tax refunds, your employer or provider will ask for a void cheque to ensure money is deposited into the correct account.
- Pre-authorized debits: Recurring payments such as utility bills, gym memberships, and subscription services often require a void cheque to authorize automatic withdrawals.
- Rent payments: Many landlords request a void cheque to set up automatic rent payments, making it easier for both parties to manage monthly transactions.
If a void cheque isn’t available, a Simplii direct deposit form can be used in its place. It contains the same information and is easier to obtain if you don’t have a chequebook.
How to read a void cheque
Understanding the numbers at the bottom of a cheque is essential when setting up direct deposits or pre-authorized payments. Here’s a breakdown of the information on a Simplii void cheque:
- Transit number (5 digits): The transit number identifies the branch where your account was opened. Since Simplii Financial is an online bank and a division of CIBC, all Simplii accounts use the same transit number: 30800.
- Institution number (3 digits): The institution number identifies the financial institution. Because Simplii operates under CIBC, the institution number is always 010.
- Account number (7–12 digits): This is your unique bank account number. It can vary in length depending on the type of account you hold. Double-check this number to ensure accurate transactions.
When submitting a void cheque or direct deposit form, these three numbers allow other institutions to link your bank account correctly.
Void cheque FAQ
How do I get a Simplii Financial void cheque?
You can order cheques for free through your Simplii online banking account. Once they arrive, write "VOID" across a cheque to create a void cheque, which prevents it from being used for payments but keeps your account information visible.
How do I get a Simplii Financial void cheque without going into a branch?
Simplii is an online bank, so there’s no need to visit a branch. You can easily order cheques or download a direct deposit form, which serves the same purpose, directly from your Simplii online account.
What’s the easiest way to get a Simplii Financial direct deposit form?
Log in to your Simplii online account, go to More Services, select Get Void Cheque/Direct Deposit Info, and download or print the form. This form contains all the necessary banking details to set up direct deposits or pre-authorized payments.
Can I use a direct deposit form instead of a void cheque?
Yes, a direct deposit form contains the same account details and is often accepted in place of a void cheque for setting up payments or deposits. Many employers and service providers prefer digital forms because they are quicker and easier to process.
How long does it take to receive cheques from Simplii Financial?
After placing an order through your online account, Simplii typically delivers your cheques within 7 to 10 business days. If you need the information sooner, consider downloading a direct deposit form, which is available immediately online.
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