Common use of Convenience Checks Clause in Contracts

Convenience Checks. Periodically, Mission Fed may supply you with personalized convenience checks, “Check(s)”, which you may use to make purchases or pay other bills. Use of these Checks will be treated as a cash advance and subject to associated transaction fees. The person whose name appears on the Check must sign it. We may return your Check(s) unpaid when available credit in your Account is insufficient to cover the amount of the Check(s), when your Account is in default, or when your Credit Line has been suspended. You may not use Checks to make payments on your Account. You may not write a postdated Check. A stop payment may be requested on any UNPAID convenience check. All stop payment requests must be authorized in writing in order for the stop payment to remain valid for 12 months. Any stop payment request made by telephone will be valid for 14 calendar days until a written form is received. A stop payment processing fee will be charged. There will also be a processing fee for canceling a stop payment request, and we require the cancellation order in writing. For current fees please refer to the Consumer Fee Schedule.