Stop Payment definition
Stop Payment means a department directive to treasury to not honor a warrant.
Stop Payment means a method used to stop disbursement of funds through bank authorization.
Stop Payment means an Order for Bank to stop payment on a Check Company issued.
Examples of Stop Payment in a sentence
Right to Stop Payment and Procedure for Doing So. If you have told us in advance to make regular payments out of your account, you can stop any of these payments.
Other Payment Service payments may be cancelled by the Sender as set forth in Section 6 (Payment Cancellation, Stop Payment Requests and Refused Payments for Other Payment Services) below.
Cancellation is addressed more generally as to the Other Payment Services in Section 6 (Payment Cancellation, Stop Payment Requests and Refused Payments for Other Payment Services) below.
Stop payment requests are also subject to the terms and conditions of the Order For Stop Payment form related to any such request.
Cancellation is addressed more generally in Section 6 (Payment Cancellation, Stop Payment Requests and Refused Payments) below.
More Definitions of Stop Payment
Stop Payment means a request to stop a payment or other transaction after it has been taken from the Card, in accordance with clause 22.
Stop Payment. Stop payment orders transmitted through the Services will apply only to checks drawn against accounts accessible to you through the Services and will be subject to the terms as disclosed in your Customer Agreement & Schedule of Charges Books I & II. Each stop payment order transmitted through the Services must contain all information requested on the stop payment screen. Please refer to the Stop Payment Orders section of the Customer Agreement and Schedule of Charges Books I & II for information regarding stopping payment on other items. MOBILE/TEXT BANKING: You may use the Services to enroll in Mobile Banking and/or Text Banking. ESTATEMENTS: You may use the Services to enroll in eStatements. SECTION #2 - SECURITY PROCEDURES/GENERAL AUTHORIZATION By signing up for the Services, you will be authorizing the Bank to process all transactions initiated through the Services, and to deduct from your account all charges imposed by the Bank for the availability and/or your use of the Services. At the time of implementation the Bank will provide you with an Online Banking ID and Password. Bank is not obligated to provide you access to the Services if a valid Online Banking ID and Password are not furnished. Bank may change the Services' security procedures from time to time at its sole discretion. For security reasons, you must successfully log in to the site at least once every 120 days to maintain the active status on your profile. Your Online Banking profile will become locked (dormant) at 120 days of nonuse. Once dormant, an informational letter will be sent to the address on file advising of the status of your profile and that it will deleted in 30 days unless it is reactivated. The Bank will not be able to determine whether or not you are the person who initiates an Online or Mobile Banking transaction if that person uses the Online Banking ID and Password the Bank assigns to you or the Online Banking ID and Password you have created. It is imperative that you maintain the secrecy of your password. Any transactions made on the basis of your ID and Password will be presumed to be yours, and will be processed accordingly. Transactions will be processed to and from your account in accordance with the Online Banking instructions given through the Services.
Stop Payment. Stop payment on a check that was written by you. (To request a stop payment on an electronic bill payment, you will need to call BankNewport’s Customer Service or visit any branch office.)
Stop Payment means an instruction by the Payer to the Paying Bank to stop future Payment Instructions from being processed on the Payer’s Bank Account.
Stop Payment means a notice provided by you to the Credit Union directing the Credit Union to refuse payment on a cheque that has not been cashed.
Stop Payment means a request by a check drawer to cancel a payment before it is processed.
Stop Payment is a request by you to your Credit Union to not honor (pay) a specific check/bill payment that you have written. You will be charged a fee by the Credit Union for this service.