Liability for Failure to Stop Payment of Preauthorized Transfer. If you order Platform or Bank to stop a preauthorized payment three (3) business days or more before the transfer is scheduled, and Bank/Platform does not do so, Bank will be liable for your losses or damages.
Appears in 5 contracts
Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement
Liability for Failure to Stop Payment of Preauthorized Transfer. If you order Platform or Bank us to stop a preauthorized payment three (3) 3 business days or more before the transfer transaction is scheduled, and Bank/Platform does we do not do so, Bank we will be liable for your losses or damages. A preauthorized payment is a future recurring payment with the first in the series of payments having cleared the account at least once prior to the stop payment request.
Appears in 1 contract
Samples: www.greenvillefcu.com
Liability for Failure to Stop Payment of Preauthorized Transfer. If you order Platform or Bank us to stop a preauthorized payment three (3) business days or more before the transfer is scheduled, and Bank/Platform does we do not do so, Bank we will be liable for your losses or damages.
Appears in 1 contract
Samples: Savings Account Agreement
