Stop Payments. If you have arranged in advance to make electronic fund transfers out of your account(s) for money you owe others, you may stop payment on preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within 14 days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding 14 days after it has been made. A stop payment request may apply to a single transfer, multiple transfers, or all future transfers as directed by you, and will remain in effect unless you withdraw your request or all transfers subject to the request have been returned.
Stop Payments. The Online Banking stop payment feature allows you to place a stop payment request on personal checks written from your Credit Union Checking Account. We reserve the right to revoke your request if the check has already been accepted for payment and processed, or if the stop payment request has been received within twenty-four (24) hours prior to the check being presented for payment. It is your responsibility to renew stop payment requests that have or will expire. You may request a stop payment on a Bill Pay check if the payee has not negotiated the check. A service fee will be charged to your account for a stop payment request as stated in the Fee Schedule. To place a stop payment, please contact the Accounting Department during business hours at 000-000-0000 or 000-000-0000, or you may submit your request online by clicking on the specific payment from Bill Pay history, selecting the option to stop payment and submitting the e-mail inquiry form. If you wish to cancel the Bill Pay service feature, you must notify the Credit Union in writing at 000 Xxxxxx Xxx, Xxx 000, Xxx Xxxxxxx, XX 00000. You are responsible for all payment instructions made prior to termination and for all other applicable charges and fees. You must cancel all outstanding payment orders with the payee(s) before notifying the Credit Union to terminate this service feature. This Agreement, any user’s manual, and the applicable fees and charges may be amended by the Credit Union in the future. In the event of amendment, we will either send notice to you by mail to your last known address or transmit such notice of the amendment over Online Banking. Your use of the Bill Pay service feature following receipt of such notice constitutes acceptance of such amendment.
Examples of Stop Payments in a sentence
Stop Payments: The Unit Holder has the right to stop or change any payment.
Stop Payments A staff member of the business office shall be delegated responsibility for approval of all orders to stop a check after it has been issued.
Stop Payments – You must give any stop payment order in the manner required by law and we must receive it in time to give us a reasonable opportunity to act on it.
Check Stop Payments must be received by us in sufficient time prior to presentment of the relevant item for payment that we have a reasonable opportunity to act on the request.
Preauthorized (Recurring) Transfers and Stop Payments You may use your account or debit card to make recurring payments.
More Definitions of Stop Payments
Stop Payments. You may request stop payments only on paper checks. Please go to the Online Banking link for Stop Payments and the Disclosure. Stop payment fees will apply. Please see the Fees and Charges document for details. All payments made via Online Banking will be listed on Your monthly Account statements ("Statement") that You receive from the Credit Union.
Stop Payments. The Unit Holder has the right to stop or change any payment. NBP Funds and Summit Bank Limited shall not be liable to the Unit Holder due to a stop payment request if the Unit Holder’s order to do so is not presented prior to processing the payment. Once processing of the payment has begun, the Unit Holder can no longer stop the payment.
Stop Payments. You cannot stop payment on a transfer initiated through PARS and Online Banking and Mobile Banking once it has been completed by you. ACCESS TO ACCOUNTS: You understand that you are responsible for the safekeeping of your PIN provided by the Credit Union and for all transactions by use of PARS and Online Banking and Mobile Banking. POSTING OF TRANSACTIONS: Transactions made on any business day are posted immediately. Transactions made on weekends or holidays are posted to your account immediately and are recorded, for purposes of dividend calculations, at the time posted to your account. MEMBER ACCESS AND RESPONSIBILITY: When you instruct us through PARS and Online Banking and Mobile Banking to transfer funds between your Accounts you authorize us to withdraw the necessary funds from the account you designate. You agree not to instruct us to transfer funds from an account with insufficient funds to complete the transaction. CONFIDENTIALITY OF PIN: You agree to hold your PIN in strict confidence, and you will notify the Credit Union immediately if the PIN is lost or stolen. If you disclose your PIN to anyone, you understand that you have given them access to your Accounts via PARS and Online Banking and Mobile Banking that you are responsible for any such transaction. You further understand that your PIN is not transferable. If the wrong PIN is entered three (3) times consecutively, the PARS and Online Banking and Mobile Banking will terminate your session as a security measure. Member Bill Pay SERVICE is an additional service offered to Xxxxxxx Federal Credit Union members. The disclosures outlining the terms and conditions of this service will be provided for you online for you to review, accept, and print for your records at the time you agree to use this service. DISCLOSURES APPLICABLE TO ALL ELECTRONIC FUNDS TRANSFER INFORMATION DISCLOSURE TO THIRD PARTIES: The Credit Union will disclose information to third parties about your Account(s) or the transaction you engage in:
Stop Payments. Any person authorized to draw on the account may order a stop payment of any item drawn on that account. If a stop payment is requested on a check, you agree to furnish the Credit Union with the exact amount, date, check number, payee and such other information as may be necessary to identify the check properly. Failure to comply with these requirements and the requests set forth will relieve the Credit Union of all responsibility for the payment of any check contrary to the stop payment request. The Credit Union shall be under no duty to comply with any stop payment request unless the request was given during regular business hours and in such a manner as to offer the Credit Union a reasonable opportunity to act before the check was paid. A stop payment is effective for 6 months after the time it is received, but lapses after l4 calendar days if the original order was oral and was not confirmed in writing within that period. A release of stop payment may be made only in writing by the account owner who requested the stop payment. A fee will be assessed for each stop payment ordered. Except when a declaration of loss is enforceable in accordance with the Uniform Commercial Code, a stop-payment order may not be requested on a Credit Union check. In the event that you order a stop payment on a Credit Union check, you agree to indemnify, defend and hold us harmless from any and all claims, liabilities and damages that may result therefrom. A fee will be charged for a stop payment on a Credit Union check.
Stop Payments. The request for stop payments shall be effective for a period of six (6) months following the date the Bank receives the written instructions from the client. After six (6) months the check is regarded as "stale dated" and has to be re-issued. SIGNATURES AND ENDORSEMENTS:If checks are presented with several endorsements, the Bank will be obliged to determine the identity of the individual presenting the check and also verify the sequence of endorsing signatures as sole endorser. Due to internal policies, the Bank does not accept duplicate endorsements. PHOTOCOPIED CHARGES: The client will accept charges and credits on account due to photocopies of checks that have been written and deposited after conversion to microfilm, even If they are lost or damaged before being accounted for. ' SAVINGS ACCOUNTS
Stop Payments allow you to request a stop payment on an item that has not posted yet. After accessing the Service and entering your user identification and password, you must enter the account, amount of the check, check number, the date of the check, the payee, and the reason for issuing the stop order. After completing the necessary data, you may press the 'Proceed' button to issue the stop order. BY PRESSING THE PROCEED BUTTON, YOU ACKNOWLEDGE THAT YOU HAVE ADOPTED THIS PROCESS AS YOUR SIGNATURE AND INTEND TO PROVIDE YOUR ELECTRONIC SIGNATURE THROUGH THIS MEDIUM. Customers may also stop payment on checks drawn on that customer's account by traditional means. Customers should also be aware that an order to stop payment is effective for six (6) months, but it lapses after fourteen (14) calendar days if the order was not confirmed in writing within the 14-day period. NOTE: AN ONLINE STOP ORDER HAS THE SAME EFFECT OF A SIGNED WRITING. Fees applicable to the Service are disclosed under the Schedule of Fees.
Stop Payments. You may initiate stop payment requests via Online Banking for paper checks you have written on your Bank accounts. Online stop payment requests are processed no later than 11:00 a.m. Eastern Time on the business day following the date the stop payment has been requested online. To be effective, this type of stop payment request must precisely identify the name of the payee, the check number, the amount and the date of the check. Stop payment orders whether oral, written, or electronic, will be in effect for a period of six (6) months. If requested by the Bank, you will confirm any stop payment order in writing within 14 days of an oral or electronic stop payment order, or within 7 days of the Bank's request, whichever is later. After six (6) months, any stop payment will terminate and must be renewed in order to continue in effect. The Bank may pay any item that is presented following the lapse of any stop payment order. You will incur stop payment charges as disclosed in the current fee schedule for the applicable account. We do not guarantee the ability to stop or cancel any payment.