Common use of Right to Stop Payment and Procedure for Doing So Clause in Contracts

Right to Stop Payment and Procedure for Doing So. If you have told FSB in advance to make regular payments out of your account or if you have authorized someone to debit your account on a regular basis through the ACH system, your debit card, or any other electronic funds transfer, you can stop any of these payments by calling or writing to FSB. You must notify FSB in time for FSB to receive your request three business days or more before the payment is scheduled to be made. While we currently do not require a written confirmation, if you call, FSB reserves the right to require you to put your request in writing and get it to FSB within 14 days after your call. Your stop payment order will be effective until you cancel it. However, if FSB requires written confirmation and does not receive it, FSB may remove the oral stop payment order after 14 days. You must provide the exact amount of the payment you have stopped, as well as other identifying information which FSB will request. FSB may charge you a fee for each stop payment order you give. See Stop Payment Orders in the Additional Terms and Services section for more information about Stop Payment Orders on electronic funds transfers.

Right to Stop Payment and Procedure for Doing So. If you have told FSB in advance to make regular payments out of your account or if you have authorized someone to debit your account on a regular basis through the ACH system, your debit card, or any other electronic funds transfer, you can stop any of these payments by calling or writing to FSB. You must notify FSB in time for FSB to receive your request three business days or more before the payment is scheduled to be made. While we currently do not require a written confirmationconfirmation, if you call, FSB reserves the right to require you to put your request in writing and get it to FSB within 14 days after your call. Your stop payment order will be effective until you cancel it. However, if FSB requires written confirmation confirmation and does not receive it, FSB may remove the oral stop payment order after 14 days. You must provide the exact amount of the payment you have stopped, as well as other identifying information which FSB will request. FSB may charge you a fee for each stop payment order you give. See Stop Payment Orders in the Additional Terms and Services section for more information about Stop Payment Orders on electronic funds transfers.