Common use of Stop Payment Service Clause in Contracts

Stop Payment Service. You may initiate stop payment requests for checks you have written on your Accounts if the item has not already been presented. To stop payment on a check, you must provide us with complete and accurate information on: the Account number in question; the date of the item; the item number; the payee information; and the EXACT amount of the item (dollars and cents). If any information is incomplete or incorrect, we will not be responsible for failing to stop payment on the item. Requests become effective when we confirm receipt and have verified that the item has not been paid. From time-to- time, this Service may be inoperable. If that occurs, your request can be communicated to us by telephone or in writing. Stop payments will be effective for 6 months, and you will be charged a fee for any stop payment request in accordance with the applicable Fee Schedule. Each continuation of a stop payment request will be treated as a new request and will incur fees accordingly.