A stop payment order is a request to cancel a check so that it cannot be cashed. You may need to stop payment on a check because:
You lose a check or your checkbook You suspect that a check was stolen You mailed the check to the wrong address You made an error on the check (for example, the wrong recipient or amount) Disputing who’s paying for the check you think you’ve been scammed
If you want to cancel the check, act fast. The longer you wait, the more likely the payee is to cash the check. And once it’s cached, you may be out of luck.
How to stop payment on check
Stop payment on a check is very easy. Here’s how to do it.
1. Check whether the check is cleared or not
You cannot stop payment on a check that has already been cashed. View your account online or call the bank to see if the check has cleared. If it hasn’t, you’re ready to move on to the next step.
If it is, there’s not much you can do about it unless the check was stolen or forged. In such cases, contact your bank and report it as a fraud. If the bank will not reimburse you, you can file a complaint with the office of the Controller of Customer Support Group of Mudra.
2. Collect Check Details
You will need to provide information about the check to request a stop payment. Before you contact your bank or credit union, be sure you know:
your account number, check number, check date, check amount, payee name, 3. Contact your bank or credit union
Some banks and credit unions require written notice for a stop payment request, while others are fine with a verbal or online request. Those that allow oral requests may require written confirmation within 14 days. Contact your bank or search its website for its policy.
4. Payment of Stop Payment Fee (if any)
Your bank or credit union may charge a fee for a stop payment request. Some banks charge a fee of $30 or more.
Here are the fees of some of the most popular banks. Note that some banks waive the stop payment fee for certain accounts, such as premium accounts, so check with your bank for specifics.
Bankstop Payment Fee Associates$15Bank of America$30Capital One$35Chase $30Citibank$30HSBC$30PNC$33TD Bank$30Wells Fargo$31
Fee by November 18, 2022
5. Contact the recipient
If you’re withholding payment because you made an honest mistake on a check, tell the payee and arrange to send a new check.
If you have a dispute with a merchant or service provider, let them know that you have stopped payment on the check while resolving the dispute. You can always send a new check if you’re happy with the resolution.
6. Note the expiration date
When your bank authorizes a stop payment order, note the expiration date. These orders typically last for six months. If the bank can’t locate the check until the order is out, the payee may still be able to cash it.
Your bank may allow you to extend the order if you approach them before the deadline. Additional charges may apply.
Some banks will not be able to cash a check older than six months. Contact your bank and ask about its “stale-dated check” policy. If it doesn’t cash checks older than six months, there’s no need to renew your stop payment order.
Can you stop automatic recurring payments?
You can pause recurring payments until the payment is processed.
If these payments are made through your bank’s online bill pay mode, contact your bank at least three days before the next payment date. If you don’t contact them in time, the next payment may still be due, but future payments should be canceled.
Some banks allow you to make this request verbally. Others require written confirmation. Check with your bank about its policies.
If recurring payments are set up through a service provider, such as your utility company or streaming TV service, contact the provider and ask them to cancel the payment directly. It’s easier than placing a stop payment request through your bank and having your stop payment charged.
Can you stop payment on a cashier’s check or money order?
You cannot stop payment on a cashier’s check or money order because they require advance payment. The only possible exception is in cases of fraud.
However, you can void a cashier’s check or money order. This is a permanent action unlike stop payments, which are temporary. This process can take up to 90 days and costs $30 or more.
By being careful when writing a check, you can avoid placing a stop payment order. Review the information to make sure everything is correct and that you are sending the check to the correct recipient.
If you’re disputing a charge with a merchant or service provider, try contacting them first to see if you can work out a solution. This can save you from incurring stop payment fees.
That said, life happens. It’s good to know how to stop payment on a check if you ever need to because time can be of the essence.