{"id":65699,"date":"2021-12-22T12:38:35","date_gmt":"2021-12-22T17:38:35","guid":{"rendered":"https:\/\/env-hardbacon-dev.kinsta.cloud\/?p=65699"},"modified":"2022-03-02T14:09:13","modified_gmt":"2022-03-02T19:09:13","slug":"pc-financial-void-cheque","status":"publish","type":"post","link":"https:\/\/env-hardbacon-dev.kinsta.cloud\/en\/banking\/pc-financial-void-cheque\/","title":{"rendered":"PC Financial Void Cheque: Everything you need to know to find and understand it"},"content":{"rendered":"

From pre-authorizing payments to getting paid, sample cheques still come in handy\u2026 even though cheques are rarely used in Canada. The main reason you need a PC Financial (or President's Choice Financial services)\u00a0 sample cheque is to share your banking information with someone else.<\/p>\r\n\r\n\r\n\r\n

Understanding Your PC Financial 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 PC Financial\u00a0 sample cheque means, you can probably just share them\u2026 without having to go looking for a Sample 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 sample cheque to know. However, it is often needed by those who ask you for a sample cheque.<\/p>\r\n\r\n\r\n\r\n

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

As PC Financial 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: 600-500 Lakeshore Blvd West PO BOX 600, Toronto, ON M5V 2V9<\/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 PC Financial\u00a0 branch to which your bank account is associated. Again, PC Financial is an online only bank so all customers share the same \u201cbranch\u201d and therefore the same branch transit number, which is 02002.\u00a0\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. PC Financial \u2019s institution number is 320.\u00a0<\/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 sample 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.\u00a0<\/p>\r\n\r\n\r\n\r\n

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How to find your sample cheque on the PC Financial\u00a0 online portal<\/h2>\r\n\r\n\r\n\r\n
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Before the Internet, a sample 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 sample 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

If you don't have a chequebook, there is a simple alternative. Unlike some financial institutions, which allow a sample cheque to be downloaded from their client portal, PC Financial will provide all the information available on a cheque and that anyone who requests a sample cheque needs. Here are the steps to find that information on the PC Financial online portal:<\/p>\r\n\r\n\r\n\r\n