What is the meaning of a non-negotiable check?

A non-negotiable check is a check-looking paper check or deposit slip that cannot be exchanged for cash. To indicate that it has no monetary value, it commonly includes the words “non-negotiable,” “this is not a check,” or “void” emblazoned across the front.

When setting up direct deposit at work, non-negotiable checks are frequently used. Employers typically want a check or deposit slip for the account into which payment is made. However, checks are made non-negotiable before being passed over to the employer in order to avoid the theft of these blank checks and limit the possibility of check fraud.

Read more: How Much Does It Cost to Replace a Front Fender?

Recent Articles

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here