Common use of Stop payments on a check Clause in Contracts

Stop payments on a check. If you request us to stop payment on a check, we will charge either a Stop Payment Fee or an Online or Automated Phone Stop Payment Fee depending on how you request your stop payment. However, the stop payment will not be effective if we have already certified, paid or otherwise become responsible for the check. For example, we can’t stop payment on a check we’ve already cashed or a deposited check where the funds have already been withdrawn. Refer to the Electronic Funds Transfer Service Terms for how to place a stop payment on recurring electronic payments. You may request a stop payment by calling us, in person, or through xxxxx.xxx or Chase Mobile. We use automated systems to identify items, so we need specific information to process the request. In order for us to identify the item, you must give us the account number on which the check is drawn and either: • The exact check number or a range of check numbers, • The payee name and the exact amount of the check, or • The payee name and range of amounts of the check. We are not responsible for stopping payment on checks if you do not provide this information or if you provide inconsistent information. We may refuse a payment to a payee with a similar name that we believe to be the same payee; however, we are not liable if we don’t refuse the payment. We may send you a written confirmation of your stop payment. We may rely on the information in the confirmation unless you notify us immediately of any errors. When the stop payment order expires, we may pay the item and have no duty to notify you. For personal accounts, your stop payment request lasts for one year even if the check is presented more than once unless you cancel your stop payment request. However, you may place a new stop payment order, which will be effective for one calendar year from the day you place the additional order. An additional fee will be charged. For business accounts, you may place a stop payment for either: • One calendar year with automatic renewal annually for up to six additional years. We will list scheduled renewals on your business account statement 60 to 90 days in advance. The stop payment will be renewed, and you will be charged a Stop Payment Automatic Renewal Fee, unless you notify us not to renew by following the instructions in the statement, or • One calendar year (this option is not available for stop payments initiated on xxxxx.xxx or Chase Mobile). Generally, we will complete your request as soon as we receive your instructions. We may allow you to place a stop payment on a cashier’s check, teller’s check or certified check if you provide us a sworn statement—in a form we deem acceptable— that the check is lost, stolen or destroyed. Even if we agree to attempt to stop payment on a cashier’s check, teller’s check (official check) or certified check, if the check is presented for payment, we may pay it and you will be liable to us for that item, unless otherwise required by applicable law. After you place a stop payment, we are not required to refund the check amount or issue a replacement check until at least 90 days after the original check’s issue date. We are not required to refund the check amount or issue a replacement check if the check is presented for payment within 90 days after the issue date.

Stop payments on a check. If you request us to stop payment on a check, we will may charge either a Stop Payment Fee or an Online or Automated Phone Stop Payment Fee online/automated phone stop payment fee depending on how you request your stop payment. However, the stop payment will not be effective if we do not have a reasonable amount of time to act upon your request or if we have already certifiedcertified, paid or otherwise become responsible for the check. For example, we can’t stop payment on a check we’ve we have already cashed or a deposited check where the funds have already been withdrawn. Refer Any person authorized to write checks against your account can stop payment even though that person may not have written the Electronic Funds Transfer Service Terms for how to place a check. To stop payment on recurring a preauthorized electronic paymentsfund transfer, you must notify us at least three (3) business days before the scheduled transfer date. We may require written confirmation of an oral stop payment order. If you do not provide written confirmation within fourteen (14) days, your oral stop payment order may cease to be binding. You may request a stop payment by calling us, in person, or through xxxxx.xxx or Chase Mobile0xxxxxxxx.xxx. We use automated systems to identify items, so we need specific specific information to process the request. In order for us to identify the item, you must give us the account number on which the check is drawn and either: • The drawn, the exact check number or a range of check numbers, • The payee name and the exact amount of the check, or • The payee name and range of amounts of the check. We If you are not responsible for stopping payment on checks able to provide all of this required information, we will use commercially reasonable efforts to stop payment, but we are not liable if you we do not provide this information effect the stop payment or if you provide inconsistent information. We may refuse a payment to a payee with a similar name that we believe to be the same payee; however, we are not liable if we don’t refuse the payment. We may send you a written confirmation confirmation of your stop payment. We may rely on the information in the confirmation confirmation unless you notify us immediately of any errors. When the stop payment order expires, we may pay the item and have no duty to notify you. For personal accountsA stop payment order for a check will be in effect for six (6) months. However, if you inform us orally to stop payment, we may, at our discretion, remove the stop payment order after fourteen (14) days if we have not received a signed stop payment order. You may renew your order in writing every six (6) months. We may pay any of your checks after your stop payment request lasts for one year even if the check is presented more than once unless you cancel your stop payment request. However, you may place a new stop payment order, which will be effective for one calendar year from the day you place the additional order. An additional fee will be charged. For business accounts, you may place a stop payment for either: • One calendar year with automatic renewal annually for up to six additional years. We will list scheduled renewals on your business account statement 60 to 90 days in advance. The stop payment will be renewed, and you will be charged a Stop Payment Automatic Renewal Fee, unless you notify us not to renew by following the instructions in the statement, or • One calendar year (this option is not available for stop payments initiated on xxxxx.xxx or Chase Mobile). Generally, we will complete your request as soon as we receive your instructionsorder has expired. We may allow you to place a stop payment on a cashiertreasurer’s check, teller’s check or certified check if you provide us a sworn statement—statement and indemnity in a form we deem acceptable— acceptable to us that the check is lost, stolen or mutilated/destroyed. A stop payment on these checks may not be placed until the tenth (10th) business day after the check’s issue date. Even if we agree to attempt to stop payment on a cashiertreasurer’s check, teller’s check (official check) or certified check, if the check is presented for payment, we may pay it it, and you will be liable to us for that item, unless otherwise required by applicable law. After you place a stop payment, we are not required to refund the check amount or issue a replacement check until at least 90 days after the original check’s issue date. We are not required to refund the check amount or issue a replacement check if the check is presented for payment within 90 days after the issue date.