Acceptance of Stop Payment. We may accept a written or oral stop payment request from any Owner or Authorized Signer on the Account. An oral stop payment request is only valid for 14 days unless followed up with a written stop payment request prior to the expiration of the 14 days. If we have not already paid a check or other Item that is drawn on your Account, we may accept a stop payment request. If you request a stop payment on a check or other Item in person, we may request that you complete a Stop Payment Form. You may not stop payment on a point of sale transaction or an ATM withdrawal or transfer. We will not place a stop payment on a cashier’s check, teller’s check (official check) or certified check, unless you provide us a statement, typically an indemnification agreement, that the check is lost, stolen or destroyed. After you place a stop payment, we may not refund the check amount or issue a replacement check until at least 90 days after the issue date. We are not required to refund the check amount or issue a replacement check if the check is presented for payment within 90 days after the issue date. If we receive a check that has a stop payment request against it, we mayreturn the check to the payee noting “payment stopped”, “refer to maker” or with a similar designation.
