Common use of Right to Stop Payment of Preauthorized Debit Clause in Contracts

Right to Stop Payment of Preauthorized Debit. If you have directed the Bank in advance to make regular payments out of your account or if you have authorized someone to make preauthorized debits from your account (“originator”), you can stop any of these payments. Please call your Account Officer at least three (3) business days before the payment is scheduled to be made. You can also notify the Bank in writing at the following address in time for the Bank to receive your request at least three (3) business days before the payment is scheduled to be made: Israel Discount Bank of New York 0000 Xxxxxx xx xxx Xxxxxxxx Xxx Xxxx, XX 00000 Attn: [Your Account Officer] If you call, the Bank will also require you to put your request in writing and deliver it to the Bank within 14 days after your call. You recognize that such a stop payment on a preauthorized debit will be effective solely for a single transaction and you will be responsible for notifying the originator that you have placed a stop payment on that specific transaction. IF YOU WISH TO STOP ALL FUTURE PREAUTHORIZED DEBITS FROM THAT ORIGINATOR, YOU MUST GIVE THE ORIGINATOR A WRITTEN NOTICE REVOKING YOUR AUTHORIZATION. To affect a stop payment order on a preauthorized debit, you need to provide your account number, the amount and date of the debit order and the originator. The Bank may require both the company name and company identification number for the originator. If you provide the wrong company identification number or if the originator has changed its company identification number, the Bank may pay the item.

Right to Stop Payment of Preauthorized Debit. If you have directed the Bank in advance to make regular payments out of your account or if you have authorized someone to make preauthorized debits from your account (“originator”), you can stop any of these payments. Please call your Account Officer at least three (3) business days before the payment is scheduled to be made. You can also notify the Bank in writing at the following address in time for the Bank to receive your request at least three (3) business days before the payment is scheduled to be made: Israel Discount Bank of New York 0000 Xxxxxx xx xxx Xxxxxxxx Xxx Xxxx, XX 00000 Attn: [Your Account Officer] If you call, the Bank will also require you to put your request in writing and deliver it to the Bank within 14 days after your call. You recognize that such a stop payment on a preauthorized debit will be effective solely for a single transaction and you will be responsible for notifying the originator that you have placed a stop payment on that specific transaction. IF YOU WISH TO STOP ALL FUTURE PREAUTHORIZED DEBITS FROM THAT ORIGINATOR, YOU MUST GIVE THE ORIGINATOR A WRITTEN NOTICE REVOKING YOUR AUTHORIZATION. To affect effect a stop payment order on a preauthorized debit, you need to provide your account number, the amount and date of the debit order and the originator. The Bank may require both the company name and company identification number for the originator. If you provide the wrong company identification number or if the originator has changed its company identification number, the Bank may pay the item.

Right to Stop Payment of Preauthorized Debit. ‌ If you have directed the Bank in advance to make regular payments out of your account or if you have authorized someone to make preauthorized debits from your account (“originator”), you can stop any of these payments. Please call your Account Officer at least three (3) business days before the payment is scheduled to be made. You can also notify the Bank in writing at the following address in time for the Bank to receive your request at least three (3) business days before the payment is scheduled to be made: Israel Discount Bank of New York 0000 000 Xxxxx Xxxxxx xx xxx Xxxxxxxx Xxx XxxxNew York, XX 00000 NY 10017 Attn: [Your Account Officer] If you call, the Bank will also require you to put your request in writing and deliver it to the Bank within 14 days after your call. You recognize that such a stop payment on a preauthorized debit will be effective solely for a single transaction and you will be responsible for notifying the originator that you have placed a stop payment on that specific transaction. IF YOU WISH TO STOP ALL FUTURE PREAUTHORIZED DEBITS FROM THAT ORIGINATOR, YOU MUST GIVE THE ORIGINATOR A WRITTEN NOTICE REVOKING YOUR AUTHORIZATION. To affect effect a stop payment order on a preauthorized debit, you need to provide your account number, the amount and date of the debit order and the originator. The Bank may require both the company name and company identification number for the originator. If you provide the wrong company identification number or if the originator has changed its company identification number, the Bank may pay the item.

Right to Stop Payment of Preauthorized Debit. If you have directed the Bank in advance inadvance to make regular payments out of your account or if you have authorized someone to make preauthorized debits preauthorizeddebits from your account (“originator”), you can stop any of these payments. Please call your Account Officer at least three (3) business days before the payment is scheduled to scheduledto be made. You can also notify the notifythe Bank in writing at the following address in time for the Bank to receive your request at least three (3) business days before the payment is scheduled to be made: Israel Discount Bank of New York 0000 000 Xxxxx Xxxxxx xx xxx Xxxxxxxx Xxx XxxxNew York, XX 00000 NY 10017 Attn: [Your Account Officer] If you call, the Bank will also require you to put your request in writing and deliver it to the Bank within 14 days after your call. You recognize that such a stop payment on a preauthorized debit will be effective solely for a single transaction and you will be responsible for notifying the originator that you have placed a stop payment on that specific transaction. IF YOU WISH TO STOP ALL FUTURE PREAUTHORIZED DEBITS FROM THAT ORIGINATOR, YOU MUST GIVE THE ORIGINATOR A WRITTEN NOTICE REVOKING YOUR AUTHORIZATION. To affect effect a stop payment order on a preauthorized debit, you need to provide your account number, the amount and date anddate of the debit order and the originator. The Bank may require both the company name and company identification number for the originator. If you provide youprovide the wrong company identification number or if the originator has changed its company identification number, the Bank may pay the paythe item.