Common use of Right to Stop Payment of Preauthorized Transfers and Procedure for Doing So Clause in Contracts

Right to Stop Payment of Preauthorized Transfers and Procedure for Doing So. If you have told us in advance to make regular payments out of the Account (“recurring payments”), you can stop any of these payments. Here's how: email us at ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, in time for us to receive your request 3 business days or more before the payment is scheduled to be made. To stop a recurring payment to a merchant that you authorized to debit the Account on a regular basis, it is best to contact the merchant directly to request cancellation of the recurring payment. If the merchant with whom you arranged recurring payments from the Account is unable or unwilling to stop the transfer, email us at ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, in time for us to receive your request 3 business days or more before the recurring payment is scheduled to be made. Such a stop payment request will also cancel all future payments for the recurring transaction to which the stop payment request relates, unless you authorize the recurring transaction again with the merchant.

Appears in 3 contracts

Sources: Deposit Account Agreement and Cardholder Agreement, Deposit Account Agreement and Cardholder Agreement, Deposit Account Agreement and Cardholder Agreement