Common use of Stopping Preauthorized Payments Clause in Contracts

Stopping Preauthorized Payments. If you are a consumer customer and have regular payments made to others out of your Account, you can stop any or all of these payments. Call us at any of our deposit branch locations or our Customer Service Center at ▇-▇▇▇-▇▇▇-▇▇▇▇ during business hours (see our GUIDE TO BRANCH HOURS AND LOCATIONS) or write to us at Eastern Savings Bank, fsb, Attention: Deposit Operations, Executive Plaza 2, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 200, ▇▇▇▇ Valley, Maryland, 21031. We need to receive your request three Business Days or more before the payment is scheduled to be made. Please specify if you are placing a one-time stop on a specific single payment or you are revoking all future payments to that payee. If you call, we may also require you to put your request in writing. We must receive your written request within 14 days after you call. The charge for stopping payment or revoking a direct debit is listed in the BANKING SERVICES AND FEES schedule.

Appears in 2 contracts

Sources: Electronic Banking Disclosure and Agreement, Electronic Banking Disclosure and Agreement