Common use of Canceling Transfers and Payments Clause in Contracts

Canceling Transfers and Payments. Bill Pays In order to cancel a payment you must log onto Online Banking and follow the directions provided on the Bill Pay screens. Future dated payments can be cancelled prior to 1:00 p.m. Central Time on the same bank business day prior to the scheduled processing date. • Transfers You cannot cancel a 1-time immediate transfer after it has been submitted in Online Banking and the information has been transmitted to us. Future dated and recurring transfers can be canceled prior to 3:00 p.m. Central Time on the bank business day prior to the date the transfer is scheduled to be made. If the transfer’s status is In Process or Processed, you can no longer cancel it.