Common use of Stopping Payment of Preauthorized Transfers Clause in Contracts

Stopping Payment of Preauthorized Transfers. If you authorized regular payments to be made from your account via ACH debit, you may stop any of these payments by writing or calling us at the address and telephone number listed at the beginning of this section. We must receive your request at least three (3) business days before the payment is scheduled to be processed. If you call, we may also require that you provide your instruction to stop any payment in writing within fourteen (14) calendar days after your call. If you instruct us to stop one of these payments three (3) business days or more before the transfer is scheduled to be processed and we do not do so, we may be liable for your loss or damages. A stop payment order will stop payment only on the designated periodic payment. When you deliver a stop payment order to us for a debit drawn pursuant to a preauthorized payment, the stop payment order will remain in effect until the earlier of (1) withdrawal of the stop payment order by you; or (2) six months (non-ACH originator stop payment orders only). If you authorized regular payments to be made from your account via debit card, you may stop future preauthorized transfers by calling us at the telephone number listed at the beginning of this section and requesting that your card be canceled and a new card be reissued to you. If you instruct us to cancel your card three (3) business days or more before the transfer is scheduled to be processed and we do not do so, we may be liable for your loss or damages.

Appears in 3 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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Stopping Payment of Preauthorized Transfers. If you authorized have instructed us to make regular payments to be made from your account via ACH debitaccount, you may stop any of these payments by writing or calling us at the address and telephone number listed at the beginning of this section. We must disclosure in time for us to receive your request at least three (3) business days or more before the payment is scheduled to be processedmade. If you call, we may also require that you provide put your instruction to stop any payment in writing so that we will receive it within fourteen (14) calendar days after your call. If you instruct us to stop one of these payments three (3) business days or more before the transfer is scheduled to be processed and we do not do so, we may will be liable for your loss or damages. A stop payment order Stop Payment Order will stop payment only on the designated periodic payment. When you deliver a stop payment order Stop Payment Order to us for a debit drawn pursuant to a preauthorized payment, the stop payment order Stop Payment Order will remain in effect until the earlier of (1) withdrawal of the stop payment order Stop Payment Order by you; or (2) six months (non-ACH originator stop payment orders only). If you authorized regular payments the return of the debit entry or, when the Stop Payment Order is applied to be made from your account via more than one debit cardentry under a specific authorization involving a specific Originator, you may stop future preauthorized transfers by calling us at the telephone number listed at the beginning return of this section and requesting that your card be canceled and a new card be reissued to you. If you instruct us to cancel your card three (3) business days or more before the transfer is scheduled to be processed and we do not do so, we may be liable for your loss or damagesall such debit entries.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

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Stopping Payment of Preauthorized Transfers. If you authorized have instructed us to make regular payments to be made from your account via ACH debitaccount, you may stop any of these payments by writing or calling us at the address and telephone number listed at the beginning of this section. We must disclosure in time for us to receive your request at least three (3) business days or more before the payment is scheduled to be processedmade. If you call, we may also require that you provide put your instruction to stop any payment in writing so that we will receive it within fourteen (14) calendar days after your call. If you instruct us to stop one of these payments three (3) business days or more before the transfer is scheduled to be processed and we do not do so, we may will be liable for your loss or damages. A stop payment order Stop Payment Order will stop payment only on the designated periodic payment. When you deliver a stop payment order Stop Payment Order to us for a debit drawn pursuant to a preauthorized payment, the stop payment order Stop Payment Order will remain in effect until the earlier of (1) withdrawal of the stop payment order Stop Payment Order by you; or (2) six months (non-ACH originator stop payment orders only). If you authorized regular payments the return of the debit entry or, when the Stop Payment Order is applied to be made from your account via more than one debit cardentry under a specific authorization involving a specific Originator, you may stop future preauthorized transfers by calling us at the telephone number listed at the beginning return of this section and requesting that your card be canceled and a new card be reissued to you. If you instruct us to cancel your card three (3) business days or more before the transfer is scheduled to be processed and we do not do so, we may be liable for your loss or damagesall such debit entries.

Appears in 1 contract

Samples: Account Agreement

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