Common use of No Stop Payments on Debit Card Transactions Clause in Contracts

No Stop Payments on Debit Card Transactions. You cannot stop a debit card payment that you have already authorized. The initiation by you of certain electronic fund transfers from your account will, except as otherwise provided in this disclosure, effectively eliminate your ability to stop payment of the transfer. UNLESS OTHERWISE PROVIDED IN THIS DISCLOSURE OR ACCOMPANYING STATEMENT, YOU MAY NOT STOP PAYMENT OF ELECTRONIC FUND TRANSFERS; THEREFORE, YOU SHOULD NOT EMPLOY ELECTRONIC ACCESS FOR PURCHASES OR SERVICES UNLESS YOU ARE SATISFIED THAT YOU WILL NOT NEED TO STOP PAYMENT.

Appears in 5 contracts

Samples: Consumer Banking Services Agreement, Consumer Banking Services Agreement, Consumer Banking Services Agreement

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No Stop Payments on Debit Card Transactions. You cannot stop a debit card payment that you have already authorized. The initiation by you of certain electronic fund transfers from your account will, except as otherwise provided in this disclosuredisclo- sure, effectively eliminate your ability to stop payment of the transfer. UNLESS OTHERWISE PROVIDED IN THIS DISCLOSURE DISCLO- SURE OR ACCOMPANYING STATEMENT, YOU MAY NOT STOP PAYMENT OF ELECTRONIC FUND TRANSFERS; THEREFORE, YOU SHOULD NOT EMPLOY ELECTRONIC ACCESS FOR PURCHASES OR SERVICES UNLESS YOU ARE SATISFIED THAT YOU WILL NOT NEED TO STOP PAYMENT.

Appears in 1 contract

Samples: Consumer Banking Services Agreement

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