Stop Payment Rights. You may place a stop payment for preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We require written confirmation of the stop payment order to be made within fourteen (14) days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding fourteen (14) days after it has been made. A stop payment request will apply to all subsequent transfers, unless you withdraw the request. We are not responsible for any stop payment under any circumstances if you fail to describe the payment exactly.
Appears in 7 contracts
Samples: Electronic Fund Transfers Agreement, Membership Agreement and Disclosures, Membership Agreement and Disclosures
