Payment Cancellation/Modification Clause Samples

Payment Cancellation/Modification. Except for those transfers that are completed immediately you may cancel or modify a scheduled payment up to 2:00 p.m. Mountain Time on the same Business Day OR by calling the credit union, 970.522.011 PRIOR to 10:00 am THE FOLLOWING BUSINESS DAY. Delivery Time: Delivery time is set by the bill payment system. The business date of the payment, which is when the payment will be deducted from your account is not included in the five business day period required for processing the transaction. Subject to the limitation discussed below, if you follow the procedures described in this agreement for payment and the bill payment processor has made an error, we will reimburse you for that late charge up to a maximum of fifty dollars ($50.00).