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STOP PAYMENT PERSONAL Check Please write clearly with a black or blue pen Queen slanders Credit Union Ltd ABN 85 087 651 063 (ICU) Account Name Account Type / Customer Reference Number Payee Check
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How to fill out stop payment personal cheque

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How to fill out a stop payment personal cheque:

01
Write the date: Start by writing the current date on the designated line at the top right corner of the cheque. Make sure it is accurate and legible.
02
Fill in the payee information: On the "Pay to the Order of" line, write the name of the person or business that will receive the payment. Ensure the spelling is correct and matches the intended recipient.
03
Write the numerical amount: On the box next to the dollar sign ($), write the exact amount of money you want to pay. Be sure to include cents or decimals if necessary.
04
Write the amount in words: On the line below the payee information, write out the amount in words. Start with the dollar amount and follow with the word "and" before writing the cents. For example, if the amount is $100.50, write "One hundred dollars and fifty cents."
05
Sign the cheque: Ensure that you sign the cheque legibly in the designated signature line at the bottom right corner. Your signature is essential to validate the cheque.
06
Memo line (optional): If desired, you can add a memo or note on the memo line, which is usually located in the bottom left section of the cheque. This can help indicate the purpose of the payment.

Who needs a stop payment personal cheque?

01
Individuals: If you made an error in writing the cheque, such as duplicating the payment or entering the wrong amount, you may need to stop the payment to correct the mistake.
02
Lost or stolen cheque: In case your personal cheque has been lost or stolen before it could be cashed or deposited, you should consider placing a stop payment on the cheque to prevent unauthorized use.
03
Business entities: Businesses often require stop payment personal cheques for various reasons, including correcting errors, canceling an issued cheque, or preventing fraudulent activities.
04
Miscalculated payments: If you realize that the amount on the personal cheque is incorrect after it has been issued, stopping the payment and issuing a new cheque with the correct amount is necessary.
05
Canceling a payment: If you change your mind about a particular payment or transaction and no longer wish to proceed, you may need to stop payment on the personal cheque you issued.
Overall, the need for a stop payment personal cheque can arise for individuals, businesses, and other entities to rectify errors, prevent unauthorized use, cancel or adjust payments, and maintain financial security.
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A stop payment on a personal cheque is a request made by the issuer of the cheque to the bank to not honor the cheque if it is presented for payment.
The account holder who issued the cheque is required to file a stop payment request with the bank.
To fill out a stop payment request for a personal cheque, the account holder must provide the cheque number, date, amount, and payee's name.
The purpose of a stop payment on a personal cheque is to prevent the cheque from being cashed or deposited after it has been issued.
The stop payment request must include the cheque number, date, amount, and payee's name.
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