WHAT IS A VOID CHEQUE?
A void cheque shows where your funds for your mortgage payments will be withdrawn from.
WHY DO LENDERS REQUIRE A VOID CHEQUE?
Lenders need to have the ability to withdraw the funds from your account for the purpose of your mortgage payments.
HOW CAN I GET MY VOID CHEQUE?
If you do not have a cheque book for the account you are planning to have the funds withdrawn from, your bank can provide you with a document that may be used instead.
The information and services offered on this Site are provided with the understanding that neither Dominion Lending Centres Inc., nor its suppliers or users are engaged in rendering legal or other professional services or advice. Although we strive for accuracy, timeliness and completeness, information quoted is not guaranteed and may change at any time and the information you obtain at this site is not, nor is it intended to be, legal advice. If you require specific advice regarding your own situation please contact me for consultation.
