Stop Payment definition

Stop Payment means an Order for Bank to stop payment on a Check Company issued.
Stop Payment means a method used to stop disbursement of funds through bank authorization.
Stop Payment means a department directive to treasury to not honor a warrant.

Examples of Stop Payment in a sentence

  • Entities on the Illinois Stop Payment List and/or the Federal Excluded Parties List at time of application submission will not be considered for an award.

  • Right to Stop Payment and Procedure for Doing So. If you have told us in advance to make regular payments out of your account, you can stop any of these payments.

  • Other Payment Service payments may be cancelled by the Sender as set forth in Section 6 (Payment Cancellation, Stop Payment Requests and Refused Payments for Other Payment Services) below.

  • During pre-qualification, verifications are performed including a check of federal Debarred and Suspended status on the Illinois Stop Payment List and good standing with the Secretary of State.

  • Cancellation is addressed more generally as to the Other Payment Services in Section 6 (Payment Cancellation, Stop Payment Requests and Refused Payments for Other Payment Services) below.

  • Stop payment requests are also subject to the terms and conditions of the Order For Stop Payment form related to any such request.

  • During pre-qualification, verifications are performed including a check of the federal Debarred and Suspended list and of the applicant’s status on the Illinois Stop Payment List.

  • Liability for Failure to Stop Payment of Preauthorized Transfers.

  • During prequalification, verifications are performed including a check of Federal Debarred and Suspended and status on the Illinois Stop Payment List.

  • There is a charge for each Stop Payment Order request and for each renewal.


More Definitions of Stop Payment

Stop Payment is a request by you to your Credit Union to not honor (pay) a specific check/bill payment that you have written. You will be charged a fee by the Credit Union for this service.
Stop Payment means a notice provided by you to the Credit Union directing the Credit Union to refuse payment on a cheque that has not been cashed.
Stop Payment. Stop payment orders transmitted through the Services will apply only to checks drawn against accounts accessible to you through the Services and will be subject to the terms as disclosed in your Customer Agreement & Schedule of Charges Books I & II. Each stop payment order transmitted through the Services must contain all information requested on the stop payment screen. Please refer to the Stop Payment Orders section of the Customer Agreement and Schedule of Charges Books I & II for information regarding stopping payment on other items. MOBILE/TEXT BANKING: You may use the Services to enroll in Mobile Banking and/or Text Banking. ESTATEMENTS: You may use the Services to enroll in eStatements. SECTION #2 - SECURITY PROCEDURES/GENERAL AUTHORIZATION By signing up for the Services, you will be authorizing the Bank to process all transactions initiated through the Services, and to deduct from your account all charges imposed by the Bank for the availability and/or your use of the Services. At the time of implementation the Bank will provide you with an Online Banking ID and Password. Bank is not obligated to provide you access to the Services if a valid Online Banking ID and Password are not furnished. Bank may change the Services' security procedures from time to time at its sole discretion. For security reasons, you must successfully log in to the site at least once every 120 days to maintain the active status on your profile. Your Online Banking profile will become locked (dormant) at 120 days of nonuse. Once dormant, an informational letter will be sent to the address on file advising of the status of your profile and that it will deleted in 30 days unless it is reactivated. The Bank will not be able to determine whether or not you are the person who initiates an Online or Mobile Banking transaction if that person uses the Online Banking ID and Password the Bank assigns to you or the Online Banking ID and Password you have created. It is imperative that you maintain the secrecy of your password. Any transactions made on the basis of your ID and Password will be presumed to be yours, and will be processed accordingly. Transactions will be processed to and from your account in accordance with the Online Banking instructions given through the Services.
Stop Payment means a request to stop a payment or other transaction after it has been taken from the Card, in accordance with clause 22.
Stop Payment means a request by a check drawer to cancel a payment before it is processed.
Stop Payment. Stop payment on a check that was written by you. (To request a stop payment on an electronic bill payment, you will need to call BankNewport’s Customer Service or visit any branch office.)

Related to Stop Payment

  • EFT means electronic funds transfer.

  • Wire Transfer means a payment in immediately available funds by wire transfer in lawful money of the United States of America to such account or accounts as shall have been designated by notice to the paying party.

  • Debit means a charge or an amount of money somebody must pay. If we debit money to you or debit money to your account, that money is then added to the unpaid balance and the unpaid balance becomes larger. In this case “charge” and “debit” have similar meanings.

  • Merchant means any corporate entity, person or other establishment, supplying goods and/or services, which a Card Scheme Member Bank has approved and made arrangements to accept the Card or the Card numbers as a mode of payment or reservation by the Cardholder.

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Card means any card or other account access device we issue for the purpose of accessing your account.

  • ATM means an automated teller machine.

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Card Account means the account maintained with the Bank in respect of the card;

  • Check means a draft, other than a documentary draft, payable on demand and drawn on a bank or a cashier's check or teller's check. An instrument may be a check even though it is described on its face by another term, such as “money order”.

  • Collection Bank means, at any time, any of the banks holding one or more Collection Accounts.

  • ACH means automated clearing house transfers.

  • processing aid means any substance not consumed as a food ingredient by itself, intentionally used in the processing of raw materials, foods or their ingredients, to fulfil a certain technological purpose during treatment or processing and which may result in the unintentional but technically unavoidable presence of residues of the substance or its derivatives in the final product, provided that these residues do not present any health risk and do not have any technological effect on the finished product;

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Stopover means a scheduled stop on your journey, at a point between the place of departure and the place of destination.

  • ACH Transfer ACH Transfer: Credit and Collections: Credit and Collections:

  • Processing Fees means all routine, generally applicable City-wide fees required by the City for processing applications and permits including, but not limited to, fees for land use applications, building applications, building permits, and certificates of occupancy.

  • Stop Out means an instruction to close the Client's open position without the consent of the Client or any prior notice in a case of insufficient funds required for maintaining open positions.

  • NSF means National Sanitation Foundation.

  • Payor means a trustee, insurer, business entity, employer, government, governmental subdivision or agency, or other person authorized or obligated by law or a governing instrument to make payments.

  • wholesale customer means a natural or legal person purchasing electricity for the purpose of resale inside or outside the system where he is established;

  • ATMs means an automated teller or cash machine operated by us or by someone else, where your debit card will be accepted.

  • Purchasing agency means any governmental body other than the chief procurement officers authorized by this code or by way of delegation from the chief procurement officers to enter into contracts.

  • Processing Fee means in relation to a Transaction Summary delivered:

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.