Stop pay definition
Stop pay means inbound Stop Payments are defined as payments that have been returned by a bank for reason of Stop Payment, Refer to Maker, or Unable to locate the account. Outbound stop payments are MiSDU checks that the State has requested be stopped.
Examples of Stop pay in a sentence
Optional Services (Bill Pay, Stop pay, etc.) may charge a fee, but a fee charge if applicable will be disclosed on the Optional Services page and when you initially set up the transaction.
Stop pay requests, check copies and other services are subject to the fee schedule associated with your account.
To be effective, you must FAX us the required signed Stop pay form.