Common use of Right to Stop Payment Clause in Contracts

Right to Stop Payment. STOPPING THE PAYMENT OF A CHECK IS DIFFERENT FROM THE CANCELLATION OF A XXXX PAYMENT. ONCE THE XXXX PAYMENT HAS BEEN DEBITED FROM YOUR ACCOUNT, YOU CANNOT CANCEL OR STOP A XXXX PAYMENT MADE ONLINE. You may initiate stop payment requests online via Online Services only for paper checks you have written (non-electronically) on your Bank accounts. Online stop-payment requests are processed at 10:00AM 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. These are all required fields in the online stop payment form. Stop Payment Requests made online through Pacific Express OnLine are not effective immediately. Bank of Guam makes every effort to ensure that your request is processed as soon as reasonably possible. We cannot guarantee that the order is processed until the next business day. Please call our Customer Service Department at (000) 000-0000 during banking hours to verify receipt of your request. You must notify the Bank of Guam to cancel this order if and when the reason for the stop payment ceases to exist. The closing of the account upon which this check is drawn shall automatically cancel this order. It is understood that if a third person (including another branch of the Bank) becomes a holder in due course of this check, he may be entitled to enforce payment against the drawer. If you make your stop payment request online, we may also require you to put your request in the form of paper writing. Each stop payment made online will be in effect for up to fourteen (14) days from the date of posting the notice. If you fill out, print, sign, and submit the online stop payment form, it will be in effect up to six (6) months from the date of posting the notice. You will incur stop payment charges as disclosed in Section 31 Schedule of Fees & Chargers.

Appears in 1 contract

Samples: Terms And

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Right to Stop Payment. STOPPING THE PAYMENT OF A CHECK IS DIFFERENT FROM THE CANCELLATION OF A XXXX BILL PAYMENT. ONCE THE XXXX BILL PAYMENT HAS BEEN DEBITED FROM YOUR ACCOUNT, YOU CANNOT CANCEL OR STOP A XXXX BILL PAYMENT MADE ONLINE. You may initiate stop stop-payment requests online via Online Services MyOnlineBanking only for paper checks you have written (non-non- electronically) on your Bank accounts. Online stop-payment requests received by 6:00 PM are processed at 10:00AM on the same business day day. Online stop payment requests received after 6:00 PM are processed the following the business date the stop payment has been requested online. To be effective, this type of stop stop-payment request must precisely identify the name of the payee, the check number, the amount, and the date of the check. These are all required fields in the online stop stop-payment form. Stop Payment Requests made online through Pacific Express OnLine are not effective immediately. Bank of Guam makes every effort to ensure that your request is processed as soon as reasonably possible. We cannot guarantee that the order is processed until the next business day. Please call our Customer Service Department at (000) 000-0000 during banking hours to verify receipt of your request. You must notify the Bank of Guam BankPacific to cancel this order if and when the reason for the stop payment ceases to exist. The closing of the account upon which this check is drawn shall automatically cancel this order. It is understood that if a third person (including another branch of the Bankbank) becomes a holder in due course of this check, he may be entitled to enforce payment against the drawer. If you make your stop payment request online, we may also require you to put your request in the form of paper writing. Each stop payment Stop Payment made online will be in effect for up to fourteen (14) days from the date of posting the notice. If you fill out, print, sign, and submit the online stop payment form, it will be in effect up to six (6) months from the date of posting the notice. You will incur stop stop-payment charges as disclosed in Section 31 29 Schedule of Fees & Chargers.

Appears in 1 contract

Samples: bankpacific.com

Right to Stop Payment. STOPPING THE PAYMENT OF A CHECK IS DIFFERENT FROM THE CANCELLATION OF A XXXX BILL PAYMENT. ONCE THE XXXX BILL PAYMENT HAS BEEN DEBITED FROM YOUR ACCOUNT, YOU CANNOT CANCEL OR STOP A XXXX BILL PAYMENT MADE ONLINE. You may initiate stop stop-payment requests online via Online Services CSB OnlineBanking only for paper checks you have written (non-electronically) on your Bank accounts. Online stop-payment requests received by 7:00 PM (CHST) are processed at 10:00AM on the same business day day. Online stop payment requests received after 7:00 PM (CHST) are processed the following the business date the stop payment has been requested online. To be effective, this type of stop stop-payment request must precisely identify the name of the payee, the check number, the amount, and the date of the check. These are all required fields in the online stop stop-payment form. Stop Payment Requests made online through Pacific Express OnLine are not effective immediately. Bank of Guam makes every effort to ensure that your request is processed as soon as reasonably possible. We cannot guarantee that the order is processed until the next business day. Please call our Customer Service Department at (000) 000-0000 during banking hours to verify receipt of your request. You must notify the Citizens Security Bank of Guam to cancel this order if and when the reason for the stop payment ceases to exist. The closing of the account upon which this check is drawn shall automatically cancel this order. It is understood that if a third person (including another branch of the Bankbank) becomes a holder in due course of this check, he may be entitled to enforce payment against the drawer. If you make your stop payment request online, we may also require you to put your request in the form of paper writing. Each stop payment Stop Payment made online will be in effect for up to fourteen (14) days from the date of posting the notice. If you fill out, print, sign, and submit the online stop payment form, it will be in effect up to six (6) months from the date of posting the notice. You will incur stop stop-payment charges as disclosed in Section 31 28 Schedule of Fees & Chargers.

Appears in 1 contract

Samples: Online Access Agreement

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Right to Stop Payment. STOPPING THE PAYMENT OF A CHECK IS DIFFERENT FROM THE CANCELLATION OF A XXXX PAYMENT. ONCE THE XXXX PAYMENT HAS BEEN DEBITED FROM YOUR ACCOUNT, YOU CANNOT CANCEL OR STOP A XXXX PAYMENT MADE ONLINE. You may initiate stop stop-payment requests online via Online Services MyOnlineBanking only for paper checks you have written (non-electronically) on your Bank accounts. Online stop-payment requests received by 6:00 PM are processed at 10:00AM on the same business day day. Online stop payment requests received after 6:00 PM are processed the following the business date the stop payment has been requested online. To be effective, this type of stop stop-payment request must precisely identify the name of the payee, the check number, the amount, and the date of the check. These are all required fields in the online stop stop-payment form. Stop Payment Requests made online through Pacific Express OnLine are not effective immediately. Bank of Guam makes every effort to ensure that your request is processed as soon as reasonably possible. We cannot guarantee that the order is processed until the next business day. Please call our Customer Service Department at (000) 000-0000 during banking hours to verify receipt of your request. You must notify the Bank of Guam BankPacific to cancel this order if and when the reason for the stop payment ceases to exist. The closing of the account upon which this check is drawn shall automatically cancel this order. It is understood that if a third person (including another branch of the Bankbank) becomes a holder in due course of this check, he may be entitled to enforce payment against the drawer. If you make your stop payment request online, we may also require you to put your request in the form of paper writing. Each stop payment Stop Payment made online will be in effect for up to fourteen (14) days from the date of posting the notice. If you fill out, print, sign, and submit the online stop payment form, it will be in effect up to six (6) months from the date of posting the notice. You will incur stop stop-payment charges as disclosed in Section 31 29 Schedule of Fees & Chargers.

Appears in 1 contract

Samples: Terms and Conditions

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