Payment Orders. You may instruct the Credit Union to execute a Wire Transfer(s) on your behalf (each a “Payment Order”) by submitting the Payment Order to the Credit Union in such form as the Credit Union requires, and by following the procedures established by the Credit Union for verifying the authenticity of Payment Orders (“Security Procedure”).
Payment Orders. If you want to stop payment on a check you have written, you may place a written stop payment order at a branch or contact our Call Center to stop payment before it is finally paid by us. Any authorized signer on the account may furnish a stop payment order. You must furnish us with the date, the check number, and the exact amount of the check and the name of the payee in order for us to stop payment on the item. If you provide us with any incorrect or incomplete information, we will not be responsible for our failure to stop payment on the check. We will not be responsible for a stop payment order if we do not have a reasonable opportunity to act on it before final payment of the item. You may not stop payment on a check guaranteed by us. You may furnish the stop payment order orally or in writing. The order will remain in effect for twelve (12) months and must be renewed by you every twelve (12) months to remain in effect. If you do not renew the stop payment order when it expires and the item is presented for payment, we may pay the item and charge it to your account. There is a charge for each stop payment order and renewal order requested. See Fee Schedule. In some cases, we may pay an item even if a stop payment request is in effect. If we, or another person or entity, is determined by us to be a “holder in due course” of the item, we may pay the item. If we pay a check which has a valid stop payment order on it with correct information, we may be responsible to you for up to the face amount of the item if you establish that you have suffered a loss because we paid the item. You agree to assign to us all of your rights against the payee and/or any other holder of your check. You also agree to cooperate fully with us in any collection or legal actions that we subsequently take against such persons. Anyone holding the check, including the Bank, may be entitled to enforce payment against you despite the stop payment order. You agree to indemnify, defend, and hold us harmless from all costs, actions, damages, claims, and demands related to or arising from our action in stopping payment on the check. You may not stop payment on point-of-sale Debit Card transactions, cashier’s checks, or checks or payments guaranteed by us. Under certain circumstances, however, you may be able to claim a refund on lost, stolen or destroyed cashier’s checks ninety (90) days following the date of their issuance. Please note that electronic stop payment requests (through our ...
Payment Orders. Payment orders for funds transfer transactions, and the cancellation or amendment thereof (“Payment Order(s)”), shall be communicated to us only via such means as we specifically agree with you in writing. Payment Orders must be received at the Funds Transfer Department at our Office on a Banking Day and before such cut-off time(s) as we designates from time to time for Payment Orders. Payment Orders not received on a Banking Day or received after the designated cut-off time(s) shall not be processed by us until its next succeeding Banking Day. We reserve the right to process Payment Orders received by us from its various customers in such order as is determined by us, at its sole discretion. We further reserve the right to reject or delay its acceptance and/or execution of any Payment Order which we determine is unclear, incomplete or otherwise unsatisfactory to us. If a Payment Order does not specifically designate the Account which is to serve as the source of payment of the Payment Order, any of your Accounts at the Branch shall be an authorized Account for such Payment Order, if payment of the Payment Order from that Account is not inconsistent with any restrictions imposed by you on the use of that Account. We will use reasonable efforts to provide you with written notice of its rejection of any Payment Order on or prior to the execution date of the Payment Order, using the same means of communication used by you to transmit the Payment Order to us; provided, however, that we shall not be liable to you for interest compensation as a result of its failure to give such notice. You agree that this procedure constitutes a commercially reasonable means of notice. We may condition our acceptance and/or execution of a cancellation or amendment of the Payment Order by any one or all of the following: (a) receipt of adequate information reasonably identifying the original Payment Order, (b) an indemnity or bond holding us harmless from any and all liability arising from our execution of the amendment or cancellation, (c) our receipt of sufficient notice to provide it with a reasonable opportunity to act, and (d) compliance with the Security Procedure (hereafter described).
Payment Orders. 14.1 You or an Authorised Person may from time to time provide Payment Orders to us in accordance with clause 8. The Payment Order must confirm the amount and currency of the money or Electronic Money (as appropriate) you wish to transfer to the Beneficiary and the following details (referred to in these Terms as the “Unique Identifiers”):
Payment Orders. Funds credited to the Cash Account shall be transferred by us by means of instruction (a "payment order") to one of your account administrators assigned by you for the Custody Account, which you will identify to us. We agree that payment orders and communications seeking to cancel or amend payment orders which are issued by telephone, telecopier or in writing shall be subject to a mutually agreed security procedure and you may execute or pay payment orders issued in our name when verified by you in accordance with such procedure.
Payment Orders. Unless otherwise specified in the Service terms and conditions, any stop payment order which Customer wishes to place on a check drawn on an Account that is the subject of a Service or is otherwise related to a Service will be placed in accordance with Bank’s normal stop payment procedures for other accounts in effect at that time.
Payment Orders a) Content of Payment Orders. Customer will supply to Bank any information Bank may reasonably request regarding any Payment Order initiated by Customer, including, without limitation, money amounts, affected accounts, dates of transfer, the Beneficiary’s name and account number, the name and routing number or bank identifier code of the Beneficiary’s Bank, such additional information as Bank may reasonably request and, if necessary, further evidence of any User’s or Authorized Xxxxxx’s authority to transfer funds or to do any other act contemplated by this Service.
Payment Orders. 1. The Bank may refuse to pay any check, substitute check, or item against the Account (payment order) if: a. the item (i) is incorrectly or incompletely issued or endorsed; (ii) is issued in a form that has not been approved by the Bank;
Payment Orders. The following provisions apply to payment orders governed by Article 4A, Funds Transfers, of the Uniform Commercial Code, as adopted by the state of Texas.1 Such payment orders include wire transfers. These provisions do not apply to transactions described above in the Electronic Banking Services section of this agreement, or to payments by check, draft, or similar instrument. FSB may charge fees for sending or receiving a payment order. FSB may deduct its fees from your account or from the amount of the transfer. For current fees, see the Service Fee Schedule. Funds Transfer services may not be available to all account holders. FSB reserves the right to limit the availability of Funds Transfer services based on such factors as credit worthiness, the length and extent of your relationship with FSB and its affiliates, transaction and experience history, and such other factors as FSB, in its sole discretion, deems relevant.
Payment Orders. This is not the document that authorizes a payment order or other electronic funds transfers. We may require you to complete a separate document at the time of each payment order. NOTICE: Notice to any Account Owner is considered to all Account Owners. SIGNATURES By signing below the parties agree to all the terms and conditions of this Agreement and acknowledge receipt of a copy. X Account Owner (print) Title (if applicable) Signature Date
