Common use of Right to Stop Payment Clause in Contracts

Right to Stop Payment. STOPPING THE PAYMENT OF A CHECK IS DIFFERENT FROM THE CANCELLATION OF A BILL PAYMENT. ONCE THE BILL PAYMENT HAS BEEN DEBITED FROM YOUR ACCOUNT, YOU CANNOT CANCEL OR STOP A BILL PAYMENT MADE ONLINE. You may initiate stop-payment requests online via MyOnlineBanking only for paper checks you have written (non- electronically) on your Bank accounts. Online stop-payment requests received by 6:00 PM are processed on the same business day. Online stop payment requests received after 6:00 PM are processed the following business date the stop payment has been requested online. To be effective, this type of stop-payment request must precisely identify the check number, the amount, and the date of the check. These are all required fields in the online stop-payment form. You must notify BankPacific to cancel this order if and when the reason for the stop payment ceases to exist. The closing of the account upon which this check is drawn shall automatically cancel this order. It is understood that if a third person (including another branch of the bank) becomes a holder in due course of this check, he may be entitled to enforce payment against the drawer. Each Stop Payment made online will be in effect for up to six (6) months from the date of posting the notice. You will incur stop-payment charges as disclosed in Section 29 Schedule of Fees & Chargers.

Right to Stop Payment. STOPPING THE PAYMENT OF A CHECK IS DIFFERENT FROM THE CANCELLATION OF A BILL XXXX PAYMENT. ONCE THE BILL XXXX PAYMENT HAS BEEN DEBITED FROM YOUR ACCOUNT, YOU CANNOT CANCEL OR STOP A BILL XXXX PAYMENT MADE ONLINE. You may initiate stop-stop payment requests online via MyOnlineBanking Online Services only for paper checks you have written (non- non-electronically) on your Bank accounts. Online stop-payment requests received by 6:00 PM are processed at 10:00AM on the same business day. Online stop payment requests received after 6:00 PM are processed day following the following business date the stop payment has been requested online. To be effective, this type of stop-stop payment request must precisely identify the name of the payee, the check number, the amount, and the date of the check. These are all required fields in the online stop-stop payment form. Stop Payment Requests made online through Pacific Express OnLine are not effective immediately. Bank of Guam makes every effort to ensure that your request is processed as soon as reasonably possible. We cannot guarantee that the order is processed until the next business day. Please call our Customer Service Department at (000) 000-0000 during banking hours to verify receipt of your request. You must notify BankPacific the Bank of Guam to cancel this order if and when the reason for the stop payment ceases to exist. The closing of the account upon which this check is drawn shall automatically cancel this order. It is understood that if a third person (including another branch of the bankBank) becomes a holder in due course of this check, he may be entitled to enforce payment against the drawer. If you make your stop payment request online, we may also require you to put your request in the form of paper writing. Each Stop Payment stop payment made online will be in effect for up to fourteen (14) days from the date of posting the notice. If you fill out, print, sign, and submit the online stop payment form, it will be in effect up to six (6) months from the date of posting the notice. You will incur stop-stop payment charges as disclosed in Section 29 31 Schedule of Fees & Chargers.

Right to Stop Payment. STOPPING THE PAYMENT OF A CHECK IS DIFFERENT FROM THE CANCELLATION OF A BILL XXXX PAYMENT. ONCE THE BILL XXXX PAYMENT HAS BEEN DEBITED FROM YOUR ACCOUNT, YOU CANNOT CANCEL OR STOP A BILL XXXX PAYMENT MADE ONLINE. You may initiate stop-payment requests online via MyOnlineBanking only for paper checks you have written (non- non-electronically) on your Bank accounts. Online stop-payment requests received by 6:00 PM are processed on the same business day. Online stop payment requests received after 6:00 PM are processed the following business date the stop payment has been requested online. To be effective, this type of stop-payment request must precisely identify the check number, the amount, and the date of the check. These are all required fields in the online stop-payment form. You must notify BankPacific to cancel this order if and when the reason for the stop payment ceases to exist. The closing of the account upon which this check is drawn shall automatically cancel this order. It is understood that if a third person (including another branch of the bank) becomes a holder in due course of this check, he may be entitled to enforce payment against the drawer. Each Stop Payment made online will be in effect for up to six (6) months from the date of posting the notice. You will incur stop-payment charges as disclosed in Section 29 Schedule of Fees & Chargers.

Right to Stop Payment. STOPPING THE PAYMENT OF A CHECK IS DIFFERENT FROM THE CANCELLATION OF A BILL PAYMENT. ONCE THE BILL PAYMENT HAS BEEN DEBITED FROM YOUR ACCOUNT, YOU CANNOT CANCEL OR STOP A BILL PAYMENT MADE ONLINE. You may initiate stop-payment requests online via MyOnlineBanking CSB OnlineBanking only for paper checks you have written (non- non-electronically) on your Bank accounts. Online stop-payment requests received by 6:00 7:00 PM (CHST) are processed on the same business day. Online stop payment requests received after 6:00 7:00 PM (CHST) are processed the following business date the stop payment has been requested online. To be effective, this type of stop-payment request must precisely identify the check number, the amount, and the date of the check. These are all required fields in the online stop-payment form. You must notify BankPacific Citizens Security Bank to cancel this order if and when the reason for the stop payment ceases to exist. The closing of the account upon which this check is drawn shall automatically cancel this order. It is understood that if a third person (including another branch of the bank) becomes a holder in due course of this check, he may be entitled to enforce payment against the drawer. Each Stop Payment made online will be in effect for up to six (6) months from the date of posting the notice. You will incur stop-payment charges as disclosed in Section 29 28 Schedule of Fees & Chargers.