Deleting Payments Sample Clauses
The 'Deleting Payments' clause establishes the conditions and procedures under which previously scheduled or processed payments can be removed or canceled from a contract or agreement. Typically, this clause outlines the specific circumstances that justify deleting a payment, such as errors in invoicing, duplicate transactions, or mutual agreement between parties. It may also detail the steps required to initiate and confirm the deletion, including necessary approvals or documentation. The core function of this clause is to provide a clear and agreed-upon mechanism for correcting payment records, thereby preventing disputes and ensuring accurate financial accounting.
Deleting Payments. If you have scheduled a BILL PAYMENT OR e-PAYMENT and would like to cancel the payment, you must do so before the payment is processed. The time varies based on the settlement method being used for the payment. If you cannot access the on-line banking service to request that the payment be deleted, please contact the FI for further assistance, prior to the cut-off time.
Deleting Payments. If you have scheduled a future or recurring bill payment, but the payment date has not yet arrived, you may use the on-line banking service to delete the payment if the payment delete request is processed while the payment is in a pending status and before 2:00PM on the scheduled payment date. If you cannot access the on-line banking service to request that the payment be deleted, refer to (b) below.
Deleting Payments. If you have scheduled a bill payment and would like to cancel the payment, you must do so in advance, before the payment is processed. The advance time required varies based on the payment method being used for the payment. If you cannot access the SERVICE to request that the payment be deleted, please contact MCU for further assistance, prior to the cut-off time of 1:00pm CT. Our contact information can be found below.