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

Right to Stop Payment of Preauthorized Transfers and Procedures for Doing So. If you have told us in advance to make regular payments out of your Current Account, you can stop any of these payments. Here’s how: Call us at ▇-▇▇▇-▇▇▇-▇▇▇▇, email us at ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇, or use the chat feature within the Current Mobile App in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call. If the merchant with whom you arranged recurring transfers from your Current Account is unable or unwilling to stop the transfer, call us at ▇-▇▇▇-▇▇▇-▇▇▇▇ or email ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ to request a stop on such payment. Your request to stop payment must be received at least three (3) business days before the payment is scheduled to be made. Such a stop payment request will cancel a single, i.e. one (1) recurring payment. If you want to permanently stop all recurring payments to a specific merchant you will be required to put your request in writing and email it to ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ within fourteen (14) days after your notification to stop such payments. You will need to tell us: the name of the payee, the dollar amount of the payment, and the date of the payment. If written stop payment notification is not received within fourteen (14) days, the payment in question will be honored as originally authorized and future payments will not be permanently stopped.

Appears in 1 contract

Sources: Deposit Account Agreement

Right to Stop Payment of Preauthorized Transfers and Procedures for Doing So. If you have told us in advance to make regular payments out of your Current Account, you can stop any of these payments. Here’s how: Call us at ▇-▇▇▇-▇▇▇-▇▇▇▇, email us at ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇, or use the chat feature within the Current Mobile App in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call. If the merchant with whom you arranged recurring transfers from your Current Account is unable or unwilling to stop the transfer, call us at ▇-▇▇▇-▇▇▇-▇▇▇▇ or email ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ to request a stop on such payment. Your request to stop payment must be received at least three (3) business days before the payment is scheduled to be made. Such a stop payment request will cancel a single, i.e. one (1) recurring payment. If you want to permanently stop all recurring payments to a specific merchant you will be required to put your request in writing and email it to ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ within fourteen (14) days after your notification to stop such payments. You will need to tell us: the name of the payee, the dollar amount of the payment, and the date of the payment. If written stop payment notification is not received within fourteen (14) days, the payment in question will be honored as originally authorized and future payments will not be permanently stopped.

Appears in 1 contract

Sources: Deposit Account Agreement