Stopping Payment of Preauthorized Transfers Clause Samples

Stopping Payment of Preauthorized Transfers. If you authorized regular payments to be made from your account via ACH debit, you may stop any of these payments by writing or calling us at the address and telephone number listed at the beginning of this section. We must receive your request at least three (3) business days before the payment is scheduled to be processed. If you call, we may also require that you provide your instruction to stop any payment in writing within fourteen (14) calendar days after your call. If you instruct us to stop one of these payments three (3) business days or more before the transfer is scheduled to be processed and we do not do so, we may be liable for your loss or damages. A stop payment order will stop payment only on the designated periodic payment. When you deliver a stop payment order to us for a debit drawn pursuant to a preauthorized payment, the stop payment order will remain in effect until the earlier of (1) withdrawal of the stop payment order by you; or (2) six months (non-ACH originator stop payment orders only). If you authorized regular payments to be made from your account via debit card, you may stop future preauthorized transfers by calling us at the telephone number listed at the beginning of this section and requesting that your card be canceled and a new card be reissued to you. If you instruct us to cancel your card three (3) business days or more before the transfer is scheduled to be processed and we do not do so, we may be liable for your loss or damages.
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Stopping Payment of Preauthorized Transfers. If you have told us in advance to make regular payments out of any of your deposit accounts with us, you can stop these payments. Here’s how: Call us at the telephone number below, visit your local branch or write to us at the address listed below 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 also may require that you put your request in writing and get it to us within 14 days after your call at the address listed below. Please refer to the Fee Schedule for the amount that will be charged to your account for each stop payment order you give. If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages. Merchants may allow returns or refunds on purchases: however, you cannot stop payment on any ATM/Debit card transactions. For this reason, you should inquire about the merchant's refund or refund policy before entering into a Debit card transaction. Merchandise purchased by using yourDebit card that is subsequently returned will be reflected as a credit on your checking account statement provided you elect to have the return credited to your account. Refer to the “In Case of Errors or Questions about Your Electronic Transfers” section for information on error resolution.
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Related to Stopping Payment of Preauthorized Transfers

  • Liability for Failure to Stop Payment of Preauthorized Transfers If you order us to stop payment of a preauthorized transfer three (3) business days or more before the transfer is scheduled and we do not do so, we will be liable for your losses or damages.

  • Liability for Failure to Stop Payment of Preauthorized Transfer If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.

  • Preauthorized Transfers The Gift Card Account cannot be used for preauthorized direct debits from merchants, Internet service or other utility service providers. If presented for payment, preauthorized direct debits will be declined and payment to the merchant or provider will not be made. You are not authorized to provide the combination of the Issuer’s bank routing number and the Gift Card Account number to anyone. The maximum dollar value of the Gift Card is printed on the front side of the Gift Card packaging. These are the maximum amounts that can be spent on the Gift Card: * Maximum purchase limits are restricted to the dollar value that has been loaded to the Gift Card Account. For Gift Card balance information, please call ▇-▇▇▇-▇▇▇-▇▇▇▇ or visit ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. You may use the Gift Card to purchase or lease goods or services in the fifty (50) states of the United States (“U.S.”) and the District of Columbia everywhere Visa debit cards or PULSE cards are accepted as long as you do not exceed the available value of the Gift Card Account. The Gift Card may not be used outside the U.S. and the District of Columbia, including Internet and mail or telephone order merchants outside the U.S. and the District of Columbia. Some merchants do not allow cardholders to conduct split transactions where you use the Gift Card as partial payment for goods and services and pay the remainder of the balance with another form of legal tender. If you wish to conduct a split transaction and it is permitted by the merchant, you must tell the merchant to charge only the exact amount of funds available on the Gift Card Account to the Gift Card. You must then arrange to pay the difference using another payment method. Some merchants may require payment for the remaining balance in cash. If you fail to inform the merchant that you would like to complete a split transaction prior to swiping the Gift Card, the Gift Card is likely to be declined. You do not have the right to stop payment on any purchase or payment transaction originated by use of the Gift Card. If you authorize a transaction and then fail to make the purchase of that item as planned, the approval may result in a hold for that amount of funds for up to thirty (30) days. All transactions relating to car rentals may result in a hold for that amount of funds for up to sixty (60) days. If you use the 16-digit Gift Card number without presenting the Gift Card (such as for a mail order, telephone, or Internet purchase), the legal effect will be the same as if you had used the Gift Card itself. For security reasons, we may limit the amount or number of transactions you can make on the Gift Card. The Gift Card cannot be redeemed for cash. You may not use the Gift Card for online gambling or any illegal transaction. Each time you use the Gift Card, you authorize us to reduce the available value of the Gift Card Account by the amount of the transaction and any applicable fees. You are not allowed to exceed the available amount in the Gift Card Account through an individual transaction or a series of transactions. Nevertheless, if a transaction exceeds the available balance of funds on the Gift Card, you shall remain fully liable to us for the amount of the transaction and any fees, if applicable. New procedures are in effect that may impact you when you use the Gift Card at certain merchant locations. In the past, transactions have been processed as Visa debit transactions unless you entered a PIN. Now, if you do not enter a PIN, transactions may be processed as either a Visa debit transaction or as a PULSE transaction. Merchants are responsible for and must provide you with a clear way of choosing to make a Visa debit transaction if they support the option. Please be advised that should you choose to use the PULSE network when making a transaction without a PIN, different terms may apply. Certain protections and rights applicable only to Visa debit transactions as described in this Agreement will not apply to transactions processed on the PULSE network. Please refer to the paragraph labeled “Your Liability for Unauthorized Transfers” for a description of these rights and protections applicable to Visa debit and non-Visa debit transactions. To initiate a Visa debit transaction at the POS, swipe the Gift Card through a POS terminal, sign the receipt, or provide the 16-digit Gift Card number for a mail order, telephone, or Internet purchase. To initiate a non-Visa debit transaction at the POS, enter the PIN at the POS terminal or provide the 16-digit Gift Card number after clearly indicating a preference to route the transaction as a non-Visa debit transaction for certain bill payment, mail order, telephone, or Internet purchases.

  • Contact in Event of Unauthorized Transfer If you believe your Card or PIN has been lost or stolen or that someone has transferred or may transfer money from your Account without your permission, please contact us via calling or writing using the contact number(s) or addresses listed at the end of this Agreement and Disclosure.

  • Preauthorized EFTs If you have arranged to have a direct deposit or preauthorized debit or credit made to your account at least once every 60 days from the same person or company, you can call us at (▇▇▇) ▇▇▇-▇▇▇▇ or use telephone access or Home Banking to find out whether or not the deposit has been made.