Cheque stop payment letter is a formal letter presented to the cheque issuers bank to request stop payment on a cheque issued by mistake. A cheque stop payment letter usually contains information about the cheque issuer, bank account information, beneficiary of the cheque and reasons for stopping the payment. A cheque stop payment letter is just a request and it is the Banker's discretion to decide on the course of action for the request. It is a good practice to issue a cheque stop payment letter in writing to the banker and obtaining the receivers acknolodgement for receiving the request letter on behalf of the bank.
This cheque stop payment letter format and generator can be used by a cheque issuer to draft a professional cheque stop payment letter addressed to the Banker. Once, the cheque stop payment letter is generated, it can be printed on the letterhead of the business and delivered to the Banker to whom the cheque will be presented for collection. It is a common practice to affix the seal of the business and sign the cheque stop payment letter before delivering it to the Banker.
This cheque stop payment letter can be printed on the letterhead of the business or on a plain white paper with the logo or information about the Company. Cheque stop payment letter must be signed by the person issuing the cheque and must be addressed to the Banker to whom the cheque will be presented for collection. One copy of the letter can be retained by the cheque issuer while the other copy is delivered to the Banker with acknolodgement.