Common use of Dates on Your Checks Clause in Contracts

Dates on Your Checks. We may pay a check you write regardless of its date or language limiting payment to a certain time (for example, “stale dated” checks or checks bearing a “void after” date legend). However, we are not obligated to pay a check before its date or more than six (6) months after its date. Attempts to limit payment of a check by date or lan- guage are ineffective because 1) checks presented as EFTs or other transfers may not include the date, 2) our processing technology may not allow for the examination of a date, and 3) a person in pos- session of your unpaid check may take legal action against you for the amount and costs. If you do not want an outstanding check paid, you may place a stop payment order on the check (please see Pro- vision 6.

Appears in 6 contracts

Samples: Member Service Agreement, Business Service Agreement, Member Service Agreement

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Dates on Your Checks. We may pay a check you write regardless of its date or language limiting payment to a certain time (for example, “stale dated” checks or checks bearing a “void after” date legend). However, we are not obligated to pay a check before its date or more than six (6) months after its date. Attempts to limit payment of a check by date or lan- guage are ineffective because 1) checks presented as EFTs or other transfers may not include the date, 2) our processing technology may not allow for the examination of a date, and 3) a person in pos- session of your unpaid check may take legal action against you for the amount and costs. If you do not want an outstanding check paid, you may place a stop payment order on the check (please see Pro- vision 6.,

Appears in 1 contract

Samples: Business Service Agreement

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