Stop Payments. The Online Banking stop payment feature allows you to place a stop payment request on personal checks written from your Credit Union Checking Account. We reserve the
Stop Payments. If you have arranged in advance to make electronic fund transfers out of your account(s) for money you owe others, you may stop payment on 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 may require written confirmation of the stop payment order to be made within 14 days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding 14 days after it has been made. A stop payment request may apply to a single transfer, multiple transfers, or all future transfers as directed by you, and will remain in effect unless you withdraw your request or all transfers subject to the request have been returned.
Examples of Stop Payments in a sentence
Check Stop Payments must be received by us in sufficient time prior to presentment of the relevant item for payment that we have a reasonable opportunity to act on the request.
Stop Payments – You must give any stop payment order in the manner required by law and we must receive it in time to give us a reasonable opportunity to act on it.
No reduction to cash flows has been made to reflect the credit risk of donors themselves, due to the overall high credit quality of IFFIm’s donors.
We will not be liable for any payment of checks contrary to the conditions or checks that are stale-dated or post-dated even if payment causes the account to have insufficient funds to pay other checks drawn on the account, unless you provided written notice of postdating as described in the Stop Payments section.
Our current cut-off hours are as follows: • Book Transfers: 8:00 p.m. • Check Stop Payments: 10:00 a.m.
More Definitions of Stop Payments
Stop Payments. The stop payment fee on any and all stop payments on all products offered is a flat $25 per item.
Stop Payments. You cannot stop payment on a transfer initiated through PARS and Online Banking and Mobile Banking once it has been completed by you. ACCESS TO ACCOUNTS: You understand that you are responsible for the safekeeping of your PIN provided by the Credit Union and for all transactions by use of PARS and Online Banking and Mobile Banking. POSTING OF TRANSACTIONS: Transactions made on any business day are posted immediately. Transactions made on weekends or holidays are posted to your account immediately and are recorded, for purposes of dividend calculations, at the time posted to your account. MEMBER ACCESS AND RESPONSIBILITY: When you instruct us through PARS and Online Banking and Mobile Banking to transfer funds between your Accounts you authorize us to withdraw the necessary funds from the account you designate. You agree not to instruct us to transfer funds from an account with insufficient funds to complete the transaction. CONFIDENTIALITY OF PIN: You agree to hold your PIN in strict confidence, and you will notify the Credit Union immediately if the PIN is lost or stolen. If you disclose your PIN to anyone, you understand that you have given them access to your Accounts via PARS and Online Banking and Mobile Banking that you are responsible for any such transaction. You further understand that your PIN is not transferable. Member Bill Pay SERVICE is an additional service offered to Xxxxxxx Federal Credit Union members. The disclosures outlining the terms and conditions of this service will be provided for you online for you to review, accept, and print for your records at the time you agree to use this service.
Stop Payments. The Unit Holder has the right to stop or change any payment. NBP Funds and Summit Bank Limited shall not be liable to the Unit Holder due to a stop payment request if the Unit Holder’s order to do so is not presented prior to processing the payment. Once processing of the payment has begun, the Unit Holder can no longer stop the payment.
Stop Payments. You may request stop payments only on paper checks. Please go to the Online Banking link for Stop
Stop Payments. The request for stop payments shall be effective for a period of six (6) months following the date the Bank receives the written instructions from the client. After six (6) months the check is regarded as "stale dated" and has to be re-issued. SIGNATURES AND ENDORSEMENTS:If checks are presented with several endorsements, the Bank will be obliged to determine the identity of the individual presenting the check and also verify the sequence of endorsing signatures as sole endorser. Due to internal policies, the Bank does not accept duplicate endorsements. PHOTOCOPIED CHARGES: The client will accept charges and credits on account due to photocopies of checks that have been written and deposited after conversion to microfilm, even If they are lost or damaged before being accounted for. '
Stop Payments. Any person authorized to draw on the account may order a stop payment of any item drawn on that account. If a stop payment is requested on a check, you agree to furnish the Credit Union with the exact amount, date, check number, payee and such other information as may be necessary to identify the check properly. Failure to comply with these requirements and the requests set forth will relieve the Credit Union of all responsibility for the payment of any check contrary to the stop payment request. The Credit Union shall be under no duty to comply with any stop payment request unless the request was given during regular business hours and in such a manner as to offer the Credit Union a reasonable opportunity to act before the check was paid. A stop payment is effective for 6 months after the time it is received, but lapses after l4 calendar days if the original order was oral and was not confirmed in writing within that period. A release of stop payment may be made only in writing by the account owner who requested the stop payment. A fee will be assessed for each stop payment ordered.
Stop Payments. You may initiate stop payment requests via Online Banking for paper checks you have written on your Bank accounts. Online stop payment requests are processed no later than 11:00 a.m. Eastern Time on the business day following the date the stop payment has been requested online. To be effective, this type of stop payment request must precisely identify the name of the payee, the check number, the amount and the date of the check. Stop payment orders whether oral, written, or electronic, will be in effect for a period of six (6) months. If requested by the Bank, you will confirm any stop payment order in writing within 14 days of an oral or electronic stop payment order, or within 7 days of the Bank's request, whichever is later. After six (6) months, any stop payment will terminate and must be renewed in order to continue in effect. The Bank may pay any item that is presented following the lapse of any stop payment order. You will incur stop payment charges as disclosed in the current fee schedule for the applicable account. We do not guarantee the ability to stop or cancel any payment.