Stop Payment for Share Draft and Online Xxxx Pay Checks Sample Clauses

Stop Payment for Share Draft and Online Xxxx Pay Checks. The stop payment feature within the Online Services is only for stopping payment on share drafts and online xxxx pay checks (collectively the “Items”) that you have written and/or authorized and provides a means to securely forward your stop payment requests to us for processing. In order to process the stop payment request, the Credit Union must rely on the information provided to describe the Item(s). You must include the correct amount of the Item, the correct check/share draft number, and the correct account number. If you do not give us all of the foregoing correct information, we may not be able to enforce the stop payment order. We will not be responsible if you do not describe the check accurately. Stop payment requests will automatically expire at the end of six (6) months from the date submitted, unless we receive a request to renew the stop payment request. Stop payment requests received through the Online Services will generally be processed within one (1) or two (2) business days. Therefore, if your request is urgent, notify us immediately at the contact phone numbers provided in this Agreement or in person at any one of our Branch Offices. You agree to indemnify and hold the Credit Union harmless from and against any losses, claims or costs (such as attorneys’ fees) incurred by: (a) payment contrary to this order if such payment occurs by anything other than a failure to exercise ordinary care; or (b) refusal to make a payment of the stopped Item. The Credit Union shall not be liable if, as a result of payment of the Item subject to this request, other Items drawn by you are returned due to insufficient funds. You will notify the Credit Union promptly of the issuance of an Item, which is a duplicate of the Item subject to a stop payment order, or upon return of the original Item. The Credit Union shall not be liable for payment of any Item subject to a stop payment order upon the expiration or withdrawal of such order, and the Credit Union may, in its discretion, refuse to honor any such Item pending your instruction. You may withdraw this stop payment order only in writing, by secure message through the Online Services or in person at any one of our Branch Offices. Other limitations on our obligation to stop payment are provided by law (for example, if we paid the Item in cash or we certified the Item prior to processing your stop payment order). The stop payment feature within the Online Services will only allow you to stop a share draft yo...
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