Common use of Payment Orders Clause in Contracts

Payment Orders. You may stop payment on any item that you have drawn against funds in your account(s). We must receive your stop payment order in time for us to have a reasonable opportunity to act upon it. Our cut-off time for stop payment orders is one hour after our opening on the next banking day after the banking day on which we received your check. If you request us to stop payment on an item orally, we may request that you confirm your stop payment order in writing. Any written stop payment order will only be effective for six months and if you wish to renew the stop payment order at the end of said six months, you must so advise us in writing.

Payment Orders. You may stop payment on any item that you have drawn against funds in your account(s). We must receive your stop payment order in time for us to have a reasonable opportunity to act upon it. Our cut-off time for If we have not already paid a check or other item drawn on your account, then at your request and risk we may accept a stop payment orders is one hour after our opening order on the next banking day after the banking day on which we received your checkit. If you request us to stop payment on an item orally, we may request that you confirm your stop payment order in writing. If we do not receive your written confirmation of the stop payment order within 14 days, your stop payment order will no longer be effective. Any written check stop payment order will only be effective for six months and if you wish to renew the stop payment order at the end of said six months, you must so advise in writing. Any written ACH stop payment order will remain effective indefinitely until you notify us in writing.