How do I cancel a payment to a vendor due to a lost check, then reissue another check? (2024)

FAQs

How do I stop payment on a lost check? ›

Banks recommend various ways to contact them, but generally you can make a request online, at a branch or by calling the phone number on the back of your debit card. Assuming the check hasn't already been presented to the bank, the stop payment request should take effect once the bank authorizes it.

Attempt to edit, delete, or void the paycheck

You may be able to edit, delete, or void the paycheck. Go to Payroll, then Employees. Select Paycheck list. Select the paycheck(s) you'd like to delete or void, then select Edit, Delete, or Void.

If you suspect a check you've written is lost or has been stolen, you need to proactively cancel it to ensure the funds aren't withdrawn by someone other than the intended recipient. You should initiate this process with your bank by requesting a stop payment order, if the check hasn't yet been processed and paid.

Please arrange to stop payment of the cheque(s) issued from my /our account. The details of the cheque(s) is /are given below. Account Number: Cheque No./Series : From to Cheque Date : Cheque Amount : Issued to/Favoring : I/We authorise the Bank to debit the Stop Payment Charges applicable from my/our Account.

Reasons to stop payment

The check was lost or stolen: In these cases, you may want to stop payment on the original check and send the payee a new one. The check contains an error: You may want to stop payment on the original check so that you may issue a new one that has accurate information.

Go to Expenses, then select Expenses (Take me there). In the Expense Transactions list, locate the cheque to void. From the Action column, select Void from the View/Edit ▼ dropdown menu. When prompted, select Yes to confirm you want to void the cheque.

You can stop payment on the lost check and then write a new one. You may also ask the person who lost the check to reimburse you for any stop payment fee your bank or credit union charges.

Does a company have to reissue a lost check? ›

Employers, however, are generally not responsible for replacing the check in such situations as long as they followed the employee's request regarding how the check was to be delivered (for example, mailing it to the correct address).

1 Answer. The owner of the account the check would be drawn from is responsible if they want the check to be nullified, so they would pay to "stop payment". If the check is cashed, the money would come out of their account, so they would need to pay to stop that from happening.

The cost for placing a stop payment on a check is up to $35 and it'll remain in effect for 24 months. If you need to renew the stop payment after 24 months, an additional stop payment fee will be charged. Some consumer accounts will discount the stop payment fee.

If an individual gives their bank reasonable notice to stop the payment of a check they wrote, their bank is required to honor those instructions. If, despite providing reasonable notice, an individual's bank pays a check, that bank is responsible for any damages which the individual may have suffered.