Common use of Stop Payment of Access Checks Clause in Contracts

Stop Payment of Access Checks. You may request that we stop the payment of an Access Check drawn on your Visa Account by contacting us using the information in the Contact Us section of this Agreement. i. Your request must be timely to give us a reasonable amount of time after your stop payment request to research and complete the stop payment. ii. We do not have to process or release a stop payment order unless the request is made by you. iii. We may, but are not obligated to, accept a stop payment request orally, and any oral stop payment order shall be valid for only 14 days thereafter unless confirmed in writing. Written stop payment orders will remain in effect for 180 days, after which they automatically expire unless renewed in writing. iv. We will not be responsible or liable if we cannot complete the stop payment because the information you give us is not correct, you do not provide reasonable information that we request, or you do not provide the information within a reasonable time before the check is presented. v. You agree to pay any fee as identified in this Agreement or in DCU’s Schedule of Fees and Service Charges imposed to stop payment. vi. If we re-credit your Visa Account after a valid stop payment order, you give us all of your rights against the payee or other holder of the paid Access Check, and you agree to sign documentation or take any other action necessary to give, assign, or transfer those rights to us. You also agree to help us in any legal action we may later take against the payee or other holder of the Access Check.