Common use of Check Block Clause in Contracts

Check Block. (“Check Block”) Service. With this Service, you instruct us to dishonor and return all checks and drafts drawn against your designated Accounts. You shall enroll each desired Account as a designated Account in the Specifications. Unlike Positive Pay, Positive Pay with Payee Match, or Reverse Positive Pay, Check Block is an account setting to block all checks, and does not allow you to instruct or notify us or return or pay checks on an individual basis. By selecting this Service, you and we further agree as follows:

Appears in 4 contracts

Samples: Ss Agreement, Ss Agreement, Ss Agreement

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