Common use of Right to Stop Payment of Preauthorized Transfers and Procedures for Doing So Clause in Contracts

Right to Stop Payment of Preauthorized Transfers and Procedures for Doing So. If you scheduled a one-time transfer over the phone or recurring transfers using a written authorization form, you can stop any of these payments. Here’s how: To stop a recurring transfer to a merchant you preauthorized to debit your Account, please contact the merchant to request cancellation of the recurring payment. If the merchant with whom you arranged recurring transfers from your Account is unable or unwilling to stop the transfer, send an email message to xxxxxxx@xxxxxxxxx.xxx, contact Oxygen Support via the in-app messaging feature, or call (000) 000-0000 to request a stop on such payment. Your request to stop payment must be received at least three (3) business days before the payment is scheduled to be made. You will need to tell us: the name of the payee, the dollar amount of the payment, and the date of the payment. You will also need to tell us if the stop payment request is for a single, i.e. one (1) recurring payment, or if you want to permanently stop all recurring payments to a specific merchant.