Common use of Stop Payment Right Clause in Contracts

Stop Payment Right. If you have arranged in advance to make regular EFT transactions out of your account(s), you may stop payment of preauthorized transfers (excluding Online and Mobile Banking Bill Payments) from your account. You must notify the Credit Union orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. The Credit Union may require written confirmation of the stop payment order to be made within fourteen (14) days of any oral notification. If we do require the written confirmation, the oral stop payment order shall cease to be binding fourteen (14) days after it has been made.

Stop Payment Right. If you have arranged in advance to make regular EFT transactions out of your account(s)accounts, you may stop payment of preauthorized transfers (excluding Online and Mobile Banking Bill Payments) from your account. You must notify the Credit Union us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. The Credit Union We may require written confirmation of the stop stop-payment order to be made within fourteen (14) 14 days of any oral notification. If we do require the written confirmation, the oral stop stop-payment order shall cease to be binding fourteen (14) 14 days after it has been was made.