Common use of Acceptance of Stop Payment Clause in Contracts

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.

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 may return the check to checkto the payee noting “payment stopped”, “refer to maker” or with a similar designation.

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 checkto the payee noting “payment stopped”, “refer to maker” or with a similar designation.

Acceptance of Stop Payment. We may accept a written wriGen 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 wriGen 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 ceGified check, unless you provide us a statement, typically an indemnification agreementIndemnification Agreement, that the check is lost, stolen or destroyed. After Xxxx you place a stop payment, we may not refund the check amount or issue a replacement check until at least 90 days after xxxx 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 xxxx the issue date. If we receive a check that has a stop payment request against it, we mayreturn may return the check to the payee noting “payment stopped”, “refer to maker” or with a similar designation.