Ben Nguyen 
A Simplii Financial void cheque is essentially a blank cheque from your Simplii account that has been intentionally cancelled. Its sole purpose is not to make a payment, but to act as a secure and official source of your banking information.
In today’s digital banking era, the term void cheque is often used interchangeably with the official direct deposit form provided by the bank. Whether physical or digital, it is the standard document required by employers to set up direct payroll deposits and by companies to establish pre-authorized debits for recurring bills, such as rent, utilities, or loan payments.
What Information Is in a Simplii Financial Void Cheque?
When you access a void cheque from Simplii Financial, you will notice the three key pieces of information printed on the MICR (Magnetic Ink Character Recognition) line at the bottom of the cheque:
- Simplii Transit Number: The five-digit transit number identifies the Simplii branch associated with your account. This number is 30800 for all Simplii accounts.
- Simplii Financial Institution Number: This three-digit number identifies Simplii Financial specifically. Simplii institution number is always 010.
- Account Number: This unique set of digits identifies your specific bank account.
Below is an example of where to find these details on a Simplii Financial void cheque:
While the string of numbers at the bottom of a cheque is essential for electronic transactions, the rest of the cheque contains important information that identifies the account holder and the financial institution:
- Payor information: This is your personal information, typically printed in the top-left corner of the cheque. It includes your full name and your mailing address.
- Bank and branch details: Include Bank name, logo, and address.
- Transactional fields: These are the sections you typically fill out to complete a payment. On a void cheque, they are deliberately left blank. These include Date line, Payee line, Amount box (numeric), Amount line (written), Memo line, and Signature line.
Understanding all these components makes it easy to use your Simplii void cheque with confidence for various banking needs.
Get a Simplii Financial Void Cheque Online
Accessing a Simplii void cheque is quick and easy through the online banking portal. You can generate a void cheque or direct deposit form directly from your account dashboard. Follow these four simple steps:
- Log in to your Simplii Financial online banking account.
- From the main menu, select More Services.
- Under the “Account Services”, click on Void Cheque/Direct Deposit Info.
- Choose the account for which you need the form. You will then have the option to save the PDF copy or print it for your records.
Within a few minutes, you can have easy access to a void cheque from Simplii Financial whenever you need it.
How Can You Create Your Physical Simplii Void Cheque?
While obtaining a digital void cheque from Simplii Financial’s online portal is the most common method, some situations may still require you to provide a physical one. If you have a chequebook, creating a physical void cheque is a straightforward and secure process.
You will need a blank cheque from your Simplii Financial chequebook and a pen, preferably with black or blue ink. Clearly write the word “VOID” in large capital letters across the center of the cheque. This should be prominent enough to cover key areas like the payee line (Pay to the order of) and the dollar amount box. For added security, you can also write “VOID” on these specific lines as well.
Essential tips:
- Always use a non-erasable pen to prevent tampering.
- You must NOT sign the cheque. This ensures you are only sharing your banking information for setting up deposits or payments, not providing a blank, usable cheque.
- Before you hand over the physical void cheque, take a photo or make a photocopy for your own records.
- After taking one out, store your remaining cheques in a safe and secure place to prevent theft or misuse.
Order Free Personalized Cheques
If you do NOT have physical cheques, Simplii Financial offers free personalized cheques to account holders. Log in to online banking, under More Services, go to Account Services and select Order Cheques. Your new cheques will be delivered within 7-10 business days. This makes it easy to have physical cheques when needed while still taking advantage of the convenience of online banking.
You already had your cheques; now learn how to write a valid cheque.
Use A Simplii Void Cheque For Direct Deposits
One of the most common uses of void cheques is to set up direct deposit with your employer or other payment issuers. Here is how to set up direct deposits with your Simplii void cheque:
- Locate your account number, transit number, and financial institution number on your void cheque.
- Provide these numbers, along with your printed void cheque, to your employer’s payroll or benefits administrator.
- Your employer can then set up an automated direct deposit into your Simplii Financial account using the details from your void cheque.
Once completed, you can expect to receive payments like payroll, pensions, or government benefits directly into your Simplii account moving forward. It’s a secure and straightforward process.
Set up Pre-Authorized Debits With A Simplii Void Cheque
Pre-authorized debits allow companies to withdraw funds directly from your Simplii Financial account on a scheduled basis. Provide your banking details along with your void cheque to any company you wish to authorize for direct withdrawals. This may include utilities, insurance companies, mortgage payments, government taxes, or other service providers. The company can then set up automated payments to be withdrawn from your Simplii Financial account on your scheduled payment dates.
The convenience of pre-authorized debits means you don’t have to send payments each month manually. Payments will be processed automatically based on the details from your Simplii void cheque. You can cancel or change the pre-authorized debit arrangements through Simplii’s online banking at any time.
How To Deposit a Cheque With Simplii Financial
Depositing cheques with Simplii Financial is easy, with the option to use mobile cheque deposits right from your smartphone. Here is a step-by-step guide to depositing cheques through the Simplii Financial mobile app:
What you’ll need:
- An iOS or Android smartphone with the Simplii Financial app
- A cheque payable to you in Canadian dollars
Mobile deposit steps:
- Signing your name and writing “for deposit only” on the back of the cheque.
- Log in to the Simplii Financial Mobile App and select “Mobile Deposits”.
- Use your smartphone camera to take a picture of the front and back of the cheque.
- Verify the amount and where you want to deposit the funds.
- Select “Submit” to complete the deposit.
Once submitted, the funds will quickly become available in your Simplii account, often within 1-3 business days. You’ll receive a confirmation with the details of your mobile deposit.
Helpful tips:
- Ensure you have enough light and contrast when capturing cheque images. Place the cheque on a dark surface.
- Make sure the full cheque is visible in the camera frame with no corners or edges cut off.
- Keep the original cheque for at least 5 business days after depositing it, then destroy it for security.
- Double-check that the deposit amount matches the actual cheque amount before submitting it.
Mobile cheque deposits provide a secure and convenient way to deposit cheques 24/7 without visiting a bank branch. This feature makes banking with Simplii Financial even more flexible and accessible.
Set Up Alerts for Your Simplii Account Security
Simplii Financial offers customizable account alerts that can help you monitor your account activity and enhance security.
- Balance Alerts: Set up alerts to receive notifications when your account balance reaches a specified threshold. This can alert you to expected deposits or withdrawals or any suspicious activity.
- Fraud Prevention Alerts: Transaction alerts send a notification when certain transaction parameters are met, such as transaction size or recipient. Use these to stay on top of account activity.
- Password Change Alerts: You can opt to be notified any time your Simplii Financial login credentials are changed. This acts as an early warning for potential fraudulent access.
To set up alerts, simply log in to online or mobile banking and access the “Manage My Alerts” section. Customize alert triggers and delivery methods according to your preferences. Alerts offer peace of mind and an early warning for potential fraud.
Need help finding and using void cheques from other banks in Canada? Check our handy guides:
Short Summary
- Simplii Financial void cheque provides easy access to your account details. These details can also be obtained through direct deposit forms or bank statements.
- Submit void cheque info to employers for direct deposits or to service providers to authorize pre-authorized payments.
- Set up alerts to monitor account activity and enhance the security of your Simplii Financial accounts.
With this overview, you have all the details needed to effectively access, understand, and utilize Simplii Financial void cheque. Reach out to Simplii’s banking specialists for any additional guidance on seamless account management.
Frequently Asked Questions About Simplii Financial Void Cheque
Can I deposit a cheque with Simplii Financial using my mobile?
Yes, Simplii offers the ability to deposit cheques by taking photos through the mobile app. Simply endorse the cheque, take pictures, enter the amount, and submit the deposit.
How long does an eTransfer take with Simplii Financial?
eTransfers are processed instantly and funds are available to the recipient within 30 minutes after security question confirmation. Simplii eTransfers offer real-time money transfer.
How do I cancel a pre-authorized debit with Simplii Financial?
To cancel a pre-authorized debit, contact Simplii Financial's online chat support or banking advisor by phone. You will need to provide details on the pre-authorized transaction you wish to cancel.
Is the digital Direct Deposit Form from Simplii the same as a physical void cheque?
Yes, absolutely. For all practical purposes, the downloadable "Void Cheque/Direct Deposit Info" PDF from your Simplii online banking serves the exact same function as a traditional physical void cheque. It is the modern, official equivalent and is accepted by virtually all employers and companies in Canada for setting up direct deposits and pre-authorized payments.
Is it safe to send a picture or PDF of a void cheque by email?
While a void cheque cannot be used for payment, it does contain your full account details. If you must email it, consider password-protecting the PDF file and sharing the password separately. The safest methods are to upload it directly to a secure portal provided by your employer or to hand over a physical copy in person.
Does a void cheque or direct deposit form expire?
The banking information on the form does not expire as long as your account remains open and active. However, it is always best practice to generate a fresh void cheque or direct deposit form each time it is requested.
