Stop Payment Procedures and Liability. If you have instructed us or Clearing Firm to make regular payments out of your Account, you can stop such payments by calling us or Clearing Firm at the telephone number shown in Section 1(b) above in time for us or Clearing Firm to receive your request three
Stop Payment Procedures and Liability. Stop payments are generally unavailable for Debit Card transactions. However, if you have instructed us to make regular payments out of your Account ("Preauthorized Transfers"), you can stop such payments by calling us at the telephone numbers shown in this section at least three (3) Business Days before the payment is scheduled to be made. When you call, please provide: your name and Account number; the exact name of the payee; and the exact payment amount; the scheduled transfer date. Failure to provide correct and complete information may make it impossible for us to stop payment of the Preauthorized Transfer. You agree to indemnify and hold us harmless from and against any loss incurred by us as a result of our paying a Preauthorized Transfer, if any of the information relied upon in the stop payment order is incorrect or incomplete (or as a result of our not paying a Preauthorized Transfer for which a valid stop payment is in effect). If you instruct us to stop a Preauthorized Transfer at least three (3) Business Days before the payment is scheduled, and we do not do so, we will be liable for your losses and damages. These stop payment procedures also apply to Commercial Accounts (as defined above). However, in no event will we guarantee the effectuation of, or be liable for, any stop payment request from a Commercial Account. You agree (if a Commercial Account) to hold us harmless for the amount(s) of any stop payment order(s) entered by you or on your behalf, and for all costs and expenses (including attorneys' fees) incurred by reason of the refusal to honor said payment(s), and you further agree that if, contrary to such stop payment order(s), payment is nevertheless inadvertently made through accident or oversight, we shall not be liable. This provision shall survive the termination of your Account. Stop payment orders will not appear on your Account statement
