Check Block Sample Clauses
Check Block. (“Check Block”) Service. With this Service, you instruct us to dishonor and return all checks and drafts drawn against your designated Accounts. You shall enroll each desired Account as a designated Account in the Specifications. Unlike Positive Pay, Positive Pay with Payee Match, or Reverse Positive Pay, Check Block is an account setting to block all checks, and does not allow you to instruct or notify us or return or pay checks on an individual basis. By selecting this Service, you and we further agree as follows:
Check Block. In addition to stop payment order(s), any Contracting Officer or Authorized Signer on your account may request that we block all checks on a specified account by written request. If you make any request to block all checks, you agree to indemnify us against any liability, damage, or expense incurred by us on account of refusal to pay such check payment(s). In the event of payment contrary to a requested check block, our liability shall be the actual loss sustained, but shall not exceed the amount of the check. A check block shall remain in effect until written notice is received from an Authorized Person to remove the block. We must have a reasonable period of time after you place or remove a check block to act upon it. Check blocks only block checks; other payment types, including but not limited to, ACH debits as a result of converted checks (Check to ACH). Cashier’s checks purchased from us are not eligible for check blocks. A check block may include a periodic service fee.
Check Block. Check Blocking Services provide account fraud protection to your Account(s) by refusing presentment at the teller line or automatically returning all checks presented against your Account(s). Checks that have been electronically converted to ACH debits will not be blocked through this service. If you wish for protection against ACH debits, see Section 5.2 titled "ACH Blocking."