Cancelling a Payment Clause Samples
The 'Cancelling a Payment' clause defines the conditions and procedures under which a party may revoke or stop a payment that has been scheduled or authorized. Typically, this clause outlines the required notice period, acceptable methods for requesting cancellation, and any fees or consequences associated with stopping the payment. For example, it may specify that a payment can be cancelled if notice is given at least 24 hours before the scheduled transfer. The core function of this clause is to provide a clear process for halting payments, thereby protecting parties from unintended or erroneous transactions and ensuring both sides understand their rights and obligations regarding payment cancellations.
Cancelling a Payment. A ▇▇▇▇ payment can be changed or cancelled any time prior to the cut-off time on the scheduled processing date.
Cancelling a Payment. A bill payment can be changed or cancelled, anytime prior to the cutoff time (4:00 PM CST) on the scheduled process date.
Cancelling a Payment. A Payment can be changed or cancelled by you at any time prior to the Cut-Off Time on the scheduled processing date. We will use commercially reasonable efforts to cancel a Payment even if you miss the Cut-Off Time if we have not yet begun processing the Payment if you properly submit a request through the Bill Pay Service, but we are not liable to you for any inability or failure to do so. If you need to cancel a Payment to be made by a paper check after the Cut-Off Time on the scheduled processing date, you must submit a stop payment request to us through the Bill Pay Service. Synovus can cancel or reverse any Payment at any time, including because you have insufficient available funds in your designated Account.
Cancelling a Payment. A Payment can be changed or cancelled by you at any time prior to the Cut-Off Time on the scheduled processing date. We will use commercially reasonable efforts to cancel a Payment even if you miss the Cut-Off Time if we have not yet begun processing the Payment if you properly submit a request through the ▇▇▇▇ Pay Service, but we are not liable to you for any inability or failure to do so. If you need to cancel a Payment to be made by a paper check after the Cut-Off Time on the scheduled processing date, you must submit a stop payment request to us through the ▇▇▇▇ Pay Service. Synovus can cancel or reverse any Payment at any time, including because you have insufficient available funds in your designated Account.
Cancelling a Payment. You may cancel a single check payment as long as it has not been presented for payment by logging into Passport Website or by contacting Priority as provided in Section 6.10. Funds from any cancelled check will be credited to your Passport Account on the next business day. Same-day payments (i.e., payments entered and initiated on the same date) cannot be modified or deleted. You may cancel a payment by ACH as provided in Section 5.7. You cannot cancel a payment made by wire once the payment is processed.