Understanding What it Means to Stop Payment on a Check

Although we are in the age of credit cards, keeping checks nearby is a good idea. By using checks instead of credit cards, you can avoid minimum purchase requirements, fees on credit card usage, and potential theft. However, if your check is lost or stolen, you may need to stop payment on your check to avoid it being cashed.

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Learn more details about how to stop payment and five ways you can protect your checks:

Stop Payment

In the event that one of your checks is lost or stolen, you may want to stop payment. By doing this, you are asking your credit union to deny the check if someone attempts to cash it. If you ever have the need to stop payment on a check, it is $25 per request. There are multiple ways to request a stop payment:

You can stop payment on a check by logging into Home Banking, or by contacting the credit union at 478-471-9946 or 1-800-736-8407.

If you need to stop payment on an ACH debit, you can contact the credit union through EZ Call or by calling the phone numbers listed above.

5 Ways to Protect Your Checks

As with cash, credit cards, or debit cards, there is always a risk that someone may use your checks unknowingly. To prevent identity theft or financial fraud, consider the following ways to guard your checks:

• Keep your checks in a locked safe at home
• Mail your checks via the post office
• Record every time you use a check
• View your checking account balance daily
• Write only the necessary information on your checks

By following these five tips, you can have peace of mind that your checks are safe. If someone gets hold of your financial information or identity, contact your credit union immediately.