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Manulife Bank Void Cheque: All You Need to Know

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Manulife Bank Cheque Sample Specimen
Reading Time: 6 Min

A cheque allows a bank to pay a specific amount to any organization or individual. However, nowadays, cheques have lost their importance due to the development of electronic alternatives. But you might need a cheque sometime when e-transfer is not a viable option. Therefore, you will have to understand how to use it to make the process safe. We will discuss the Laurentian Bank Void Cheque in the following. We will cover how to use it, read it, and get it. Keep reading if you want to know more about the Laurentian Bank Void Cheque. 

What Is a Sample Cheque?

A sample cheque is a paper cheque, but it will look different. Yes, it will come with a sample word on it. That means you cannot use that cheque to withdraw money. But you can use it to get all the information. Yes, it is a document that provides essential banking information. People use sample cheques to share their banking information with someone.

What Is a Void Cheque?

A sample cheque is a void or specimen cheque. You will need this cheque while setting direct deposits to a bank. Also, you can consider using this for pre-authorized debits, including childcare, rent, or loan repayments.

As it will have all your bank details, the receiver can use the banking information to connect with your bank account. The data will help to make withdrawals and deposits. If you want to create a void cheque, you can write Void across the cheque front with a dark pen. With this simple step, you can make void cheques for your use.

What Are Void Cheques Used for?

You can use a void cheque for setting up an electronic link with your bank account. People mostly use it while preparing pre-authorized debit agreements. Here are some usages of the void cheque you can go through.

 

  • Insurance payment deposits

  • Loan payment withdrawals

  • Set up direct deposits

  • Rent Payment withdrawals

  • Mortgage payment withdrawals

 

In brief, you can use a void cheque whenever you want to share your banking information. As it is a void cheque, no one can use it to withdraw money from your account.

How Do I Void a Cheque?

You will have to write VOID across the cheque using a dark pen to make it void. You can use a blue or black pen. You can use a permanent marker as well. Also, you will have to avoid covering any number in the lower left of your cheque. If you write on those numbers, the recipients cannot get all the required banking information. The bottom left side of the cheque will contain the banking information that your recipient will need to set up the link to your account.

How Do I Write a Manulife Bank Void Cheque?

You will have to follow a few steps to write a Manulife Bank void cheque. Here are step-by-step instructions to write a cheque.

 

  • Cheque Date: You will find it in the top right corner and write it in YYYY-MM-DD format.

  • Payee: You will find a Pay to the order of line and you will have to write the payee name with correct spelling. 

  • Write the Amount: You will have to write the amount in the number form. You can write “125.50” for $125 and 50 cents.

  •  Write the Amount in Words: Write in the appropriate field under the Payee’s name.

  • Signature: After entering all the details, you need to sign the cheque in the bottom right corner. 

  • Memo: Fill the memo area with the reason for payment. You can write Rent Payment for December. 

How Do I Read Manulife Bank Void Cheque Information?

The cheque will have all the essential banking information. You can find a lot of banking data. Here are the details you can get from a Manulife Bank void cheque.

 

  • Home Address: You will find the home address on a sample cheque. You might want to share your home address while giving your bank details to someone. 

  • Bank Branch Address: You might be aware that Manulife Bank is an online bank. Hence, all the customers will have the same branch address. All the customers can use the 500 King Street North Waterloo, ON N2J 4C6 address while filling this section.

  • Transit Number: The cheque will also include a 5-digit transit number of the branch. The number will help to identify the branch. As Manulife Bank is an online bank, all the customers will have the same transit number. However, other banks will have different transit numbers based on banks. The transit number of the Manulife Bank is 05012.

  • Institution Number: The cheque will have the institution number. It is a 3-digit number that will identify your financial institution regardless of your specific branch. The institution number of Manulife Bank is 540.

  • Account Number: The cheque will also include your account number or folio number. The account number will identify your account. However, you cannot use your account number to transfer any amount without using the institution number and transit number. Your account number is sensitive information. Therefore, you will have to be careful while sharing your sample cheque with anyone. Also, the strength of the account number will not be the same. When most banks will have 7-digit account numbers, you might expect an exception with Manulife Bank.

 

 

You will have all these banking details on your cheques. Therefore, you will have to take extra caution while sharing a cheque with anyone. 

How Do I Get a Specimen Cheque from Manulife Bank?

As mentioned above, a sample cheque is also a void cheque. You will have to write SAMPLE on sample cheques and VOID on void cheques. You can make a cheque void by writing VOID across the cheque. However, cheques are expensive, and you can use sample Manulife Bank cheques instead of cheques. You can get sample cheques via online banking. You will have to follow a few steps to download Manulife Bank sample cheques with a few clicks. You can download sample cheques in PDF format.

How Do I Get a Specimen Cheque from Manulife Bank?

  • Log in to your Manulife Bank account.

  • Go to “Account Services” and select “Print a void cheque.”

  • Your sample cheque will open as a PDF in your browser,  just download it.

 

Once you click on the Void Cheque, a PDF format of the cheque will be available on your browser. You can download the void cheque and use it to share your banking details. 

 

It is noteworthy that Manulife Bank sample cheques will include all the essential information that you will find on your cheque. It will have the institution number, branch number, transit number, and account number. 

 

Once you have the copy, you can share it with anyone who wants to set up a pre-authorized debit or direct deposit from or to your bank account.

Manulife Bank void cheque

Can I Get Free Cheques from Manulife Bank?

Yes, you can get free cheques from Manulife Bank. Some banks offer discounted or free cheques. However, you will have to review the terms and conditions. There might be monthly maintenance fees and other charges. Therefore, you will have to ensure that you have gone through extra charges before considering free cheques.

How Much Do Manulife Bank Cheques Cost?

You can get your cheques for free. However, there will be some charges and you will have to inquire about the maintenance and other costs. In some cases, you might end up paying more than a fixed cheque fee. Therefore, it is a must to be aware of all the charges before applying for cheques. 

How Do I Print a Specimen Cheque from Manulife Bank?

As mentioned earlier, you can get Manulife Bank cheques for free. You can order online, and you can print the cheques. However, you will have to meet some requirements. You will have to ensure that you have written your banking information in a magnetic link.

Can I Get a Manulife Bank Cheque Over the Counter?

No, you cannot get the cheque over the counter. The bank will send cheques to you. There are two ways to order cheques. You can either use the mobile app or call the bank to order cheques. Also, you will have to call the bank when the cheque amount is more than $50,000. Moreover, the service will be available both on weekdays and weekends.

You will have to wait to receive cheques after placing the order. However, you can order cheques via online banking. You will find it easy, fast, and secure. First, log in to your account and select the account options. Now, you will have to choose Account Services and select Order cheques. You can download sample cheques as well. The process will be simple and fast. 

Now you have an idea about Manulife Bank sample cheques. You know how it works and how you can get a sample cheque. You are aware of usage as well. Additionally, you know how to convert a cheque into a void one. You can use void cheques whenever needed to share your banking details.

Author Bio

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Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook. Read his full author bio

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