Search
Previous Menu
-jpg.jpeg?width=312&height=170&name=04_09_26_auto_loan_header%20(2)-jpg.jpeg)
.webp?width=300&height=169&name=GettyImages-2169016298%20(1).webp)
Canceled Check
A physical check that has been paid by the bank and cannot be used again. It may be returned to the payer with their bank statement.
More Details
A canceled check is a physical check that has been processed by a bank and paid out of the account it was drawn on. When a check is canceled, it is stamped or marked with the word "canceled" to indicate that it has been paid and can no longer be used for payment.
Example
If you wrote a check to rent, and the bank has cleared the funds, the check will be marked as "canceled" by the bank to indicate that it has been processed.
Ready to Own the Home of Your Dreams?
Join now to get access to the competitive rates, member-friendly loan products, and educational resources you need to secure an exceptional financial future.
