Paper Check Payments Clause Samples

The 'Paper Check Payments' clause defines the terms and procedures for making payments using physical, written checks rather than electronic or digital methods. It typically outlines requirements such as the acceptable forms of checks, the address or entity to which checks must be sent, and any timelines for when payments are considered received (for example, upon mailing or upon clearance). This clause ensures both parties understand the process and timing for check-based payments, reducing confusion and disputes over payment methods and deadlines.
Paper Check Payments. You may request that Bank stop payment on a paper draft drawn against your Account if we have not accepted, certified, made final payment on or otherwise become accountable for the item. If the paper draft has not cleared, we will immediately process your stop-payment request. To be effective, this type of stop- payment request must precisely identify the name of the Payee, the Payee- assigned account number, the amount and scheduled date of the payment, and the Payee ID number from the Bill Payment Service “Payment History” Screen. You may be required to confirm the stop payment request in writing and mail it to us within 14 days of your request. You will incur stop-payment charges as provided for in the Account Agreement.
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Paper Check Payments. NorthOne will send a pre-funded paper check to the payee on Customer’s behalf using standard U.S. Postal Service mail. Please allow three to nine (3-9) business days for delivery of the check. Payments can only be sent to addresses located within the fifty (50) states of the U.S. Requests to remit checks to an international address will be denied. If a paper check has not been cashed after one-hundred-eighty (180) days after being issued, it shall be deemed expired, and the funds shall be returned to the Account within two (2) business days (less any fees set forth in Section D).
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Related to Paper Check Payments

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Check-Off Payments The Employer shall deduct from every employee any dues, initiation fees, or assessments levied by the Union on its members.

  • Cash and Cash Equivalents Cash and cash equivalents include cash on hand and on deposit and investments in highly liquid debt instruments with initial maturities of three months or less.

  • Cash Payments Merchant may not receive any payments from a Cardholder for charges included in any Transaction resulting from the use of any Card nor receive any payment from a Cardholder to prepare and present a Transaction for the purpose of affecting a deposit to the Cardholder's Card account.