Voided Check
A voided check from the merchant's primary business bank account establishes verified bank account information for MCA funding wire and daily ACH debit setup — required documentation for substantially all MCA submissions.
Why This Matters
Voided check serves dual purpose: verifies routing and account number accuracy (preventing wire transfer errors during funding) and confirms the merchant controls the represented bank account (fraud prevention). Modern alternatives include Plaid bank account verification (instant electronic verification) and bank-issued account verification letters. Voided check requirements add minor friction to submission process but materially reduce funding errors and fraud incidents. Some funders accept screenshots of online banking account information as voided check substitutes.
Frequently Asked Questions
Frequently Asked Questions
Why isn't a deposit slip sufficient?
Deposit slips can be created without bank account control. Voided checks require physical check from the actual account, providing stronger account control verification.
Can merchants submit voided checks electronically?
Yes — clear photos or scans of voided checks are universally accepted. Original physical checks not required. Instant verification through Plaid is increasingly preferred over voided check submission.