Preauthorized Recurring Payments. If a Card User has authorized any person to debit recurring payments from the funds available on their Card at substantially regular intervals and these payments may vary in amount, the person submitting the debit request will tell the Card User, at least ten (10) days before each payment, when it will be debited and how much it will be. Stop Payment Request. To make a stop payment request for a preauthorized payment, Card Users must contact the Bank as provided in Section 30 below. Card Users must contact the Bank at least three (3) business days before the date of a preauthorized payment for the Bank to place a stop payment. To honor a stop payment request, we must replace the Card of the Card User whose payment is being cancelled. After we receive and act on a stop payment request, the Card User will not be permitted to access funds on the Card until the Card User receives and activates a replacement Card from us, which may take up to seven (7) calendar days. All replacement Cards will be sent to the Primary Cardholder. Unless the Primary Cardholder instructs otherwise, the Bank will transfer any balance of funds available on the old Card to the new Card. Card Users must contact the Bank at least three (3) business days before the date of a preauthorized payment for the Bank to place a stop payment. If the Account or a Card is terminated, as provided in Section 24, the Primary Cardholder must contact all parties authorized to charge recurring payments to the Account or Card to cancel future transactions. Such transactions may continue to be charged to the Account or Card until the Primary Cardholder changes the billing instructions for those recurring payments, and the Primary Cardholder will be liable for those transactions.
Appears in 4 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
