Stop Payment Rights & Procedure. If you have arranged in advance to allow a third party to make regular electronic fund transfers out of your account(s), and such transfer has not yet been paid, you may stop payment of these preauthorized transfers from your account. A stop payment may not be placed on an External Transfer already initiated through Online Banking. Please refer to the Section titled External Transfers for additional information regarding the right to cancel External Transfers. We must receive your stop payment request at least three (3) business days or more before the scheduled date of a preauthorized transfer. If you cancel a transfer instruction for a future recurring payment, your request must specify whether the cancellation applies to only one particular transfer, or to all future transfers in the series with respect to that instruction. You may telephone us with your request at (000) 000-0000 or (000) 000-0000, email us at xxxx@xxxxxx.xxx, or write us at Redstone Federal Credit Union, Attn. Member Support Services, 000 Xxxx Xx XX, Huntsville, AL 35893. We may require written confirmation of the stop payment order to be made within fourteen (14) days of any verbal notification. If we do not receive written confirmation, the verbal stop payment order shall cease to be binding fourteen (14) days after it has been made. You may also place a stop payment request for a single transfer and future recurring transfers in online banking by accessing the Services and following the instructions for stop payments. If you cancel an instruction for future recurring payments through the Services, the cancellation will be effective for all future transfers in the series with respect to that instruction. A fee may be charged for each stop payment order or renewal thereof (see the Fee Schedule).
