{"id":65447,"date":"2021-12-22T10:21:41","date_gmt":"2021-12-22T15:21:41","guid":{"rendered":"https:\/\/env-hardbacon-dev.kinsta.cloud\/?p=65447"},"modified":"2022-03-02T13:55:32","modified_gmt":"2022-03-02T18:55:32","slug":"eq-bank-void-cheque","status":"publish","type":"post","link":"https:\/\/env-hardbacon-dev.kinsta.cloud\/en\/banking\/eq-bank-void-cheque\/","title":{"rendered":"EQ Bank Void Cheque: Everything you need to know to find and understand it"},"content":{"rendered":"

From pre-authorizing payments to getting paid, void cheques still come in handy\u2026 even though cheques are rarely used in Canada. The main reason you need an EQ Bank\u00a0 void cheque is to share your banking information with someone else.<\/p>\r\n\r\n\r\n\r\n

Understanding Your EQ Bank\u00a0 Void Cheque<\/h2>\r\n\r\n\r\n\r\n
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If you know what the numbers at the bottom of your EQ Bank\u00a0 void cheque mean, you can probably just share them\u2026 without having to go looking for a Void Cheque in your banking portal every time someone asks for one.<\/p>\r\n\r\n\r\n\r\n

So, here are the important features of a cheque in Canada that you should be able to recognize by looking at one :<\/p>\r\n\r\n\r\n\r\n

1. Your home address<\/h4>\r\n\r\n\r\n\r\n

This is the information you don\u2019t need to look at a void cheque to know. However, it is often needed by those who ask you for a void cheque.<\/p>\r\n\r\n\r\n\r\n

2. Your branch address<\/h4>\r\n\r\n\r\n\r\n

As EQ Bank is an online only bank, there are no brick and mortar branches. Rather all clients share the same \u201cbranch\u201d. The address to use is: EQ Bank 700-30 St. Clair Avenue West, Toronto, ON M4V 3A1<\/p>\r\n\r\n\r\n\r\n

3. Your branch transit number<\/h4>\r\n\r\n\r\n\r\n

This is a 5-digit number that identifies the EQ Bank\u00a0 branch to which your bank account is associated. Again, EQ is an online only bank so all customers share the same \u201cbranch.\u201d and therefore the same branch transit number, which is 19682.\u00a0<\/p>\r\n\r\n\r\n\r\n

4. Your bank Institution Number<\/h4>\r\n\r\n\r\n\r\n

The institution number is a three-digit number that identifies the financial institution you are dealing with, regardless of the branch you have chosen. EQ Bank \u2019s institution number is 623.<\/p>\r\n\r\n\r\n\r\n

5. Your account number (or folio number)<\/h4>\r\n\r\n\r\n\r\n

The account (or folio) number is the identifier for your bank account. Without the transit number and institution number, it cannot be used to transfer money. As a result, it is the most sensitive information you will find on your void cheque, as it is the number that is associated with your bank account. This number varies in length depending on the financial institution but generally ranges from 7 to 12 digits.<\/p>\r\n\r\n\r\n\r\n

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How to find your void cheque on the EQ Bank\u00a0 online portal<\/h2>\r\n\r\n\r\n\r\n
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Before the Internet, a void cheque was a paper cheque with \u201cSAMPLE\u201d or \u201cVOID\u201d written on it to ensure that the cheque could not be used. If you have a chequebook, you can still do this. In fact, a void cheque is a document that contains all the information displayed on a cheque, so you can still do it that way.<\/p>\r\n\r\n\r\n\r\n

For those who don\u2019t want to waste paper or who don\u2019t have a chequebook, it\u2019s possible to get a void cheque from Coast Capital by logging in to their online banking portal. Follow the steps below to download a void check in PDF in just a few clicks:\u00a0<\/p>\r\n\r\n\r\n\r\n