Common use of Stopping Payments Clause in Contracts

Stopping Payments. If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here’s how: Call us at (000)000-0000, toll free at (000) 000-0000 or write us at Essex Savings Bank, XX Xxx 000, Xxxxx, XX 00000 Attn: Deposit Operations Department, in time for us to receive your request 3 (three) business days or more before the payment is scheduled to be made. If you call, we will require you to put your request in writing and get it to us within 14 (fourteen) days after you call. Oral instructions are good for 14 (fourteen) days and written stop payment instructions are good for 6 (six) months unless we receive written notice to remove it or renew it before the 6 (six) month period expires. You may, subject to the Operating Rules of the National Automated Clearing House Association, place a stop payment on ACH debits to your account if you provide us with notice in such a time and manner that allows us a reasonable opportunity to act on the stop payment order prior to acting on the debit entry. We will not be liable for failing to stop payment on an ACH debit (i) if we do not have a reasonable period of time to act before the ACH debit is paid, (ii) if, as applicable, you fail to notify us that your check was converted to an ACH debit entry, or (iii) if you failed to provide us with enough information to identify the transaction.

Stopping Payments. If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here’s how: Call us at (000)000-0000, toll free at (000) 000-0000 or write us at Essex Savings Bank, XX Xxx 000PO Box 950, XxxxxEssex, XX 00000 CT 06426 Attn: Deposit Operations Department, in time for us to receive your request 3 (three) business days or more before the payment is scheduled to be made. If you call, we will require you to put your request in writing and get it to us within 14 (fourteen) days after you call. Oral instructions are good for 14 (fourteen) days and written stop payment instructions are good for 6 (six) months unless we receive written notice to remove it or renew it before the 6 (six) month period expires. You may, subject to the Operating Rules of the National Automated Clearing House Association, place a stop payment on ACH debits to your account if you provide us with notice in such a time and manner that allows us a reasonable opportunity to act on the stop payment order prior to acting on the debit entry. We will not be liable for failing to stop payment on an ACH debit (i) if we do not have a reasonable period of time to act before the ACH debit is paid, (ii) if, as applicable, you fail to notify us that your check was converted to an ACH debit entry, or (iii) if you failed to provide us with enough information to identify the transaction.

Stopping Payments. If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here’s how: Call us at (000)000-0000, toll free in CT at (000) 000000)000-0000 or write us at Essex Savings Bank, XX Xxx 000, Xxxxx, XX 00000 Attn: Deposit Operations Services Department, in time for us to receive your request 3 (three) business days or more before the payment is scheduled to be made. If you call, we will require you to put your request in writing and get it to us within 14 (fourteen) days after you call. Oral instructions are good for 14 (fourteen) days and written stop payment instructions are good for 6 (six) months unless we receive written notice to remove it or renew it before the 6 (six) month period expires. You may, subject to the Operating Rules of the National Automated Clearing House Association, place a stop payment on ACH debits to your account if you provide us with notice in such a time and manner that allows us a reasonable opportunity to act on the stop payment order prior to acting on the debit entry. We will not be liable for failing to stop payment on an ACH debit (i) if we do not have a reasonable period of time to act before the ACH debit is paid, (ii) if, as applicable, you fail to notify us that your check was converted to an ACH debit entry, or (iii) if you failed to provide us with enough information to identify the transaction.