Customer warrants that the information describing the Item,
including the check or scheduled transfer date, exact amount, check number, and
payee, is correct.
Customer understands that the EXACT amount of the Item is necessary for
Bank's computer to stop payment. If Customer provides Bank with an incorrect
amount or any other incorrect information, Bank will not be responsible for
failing to stop payment on the Item.
Customer acknowledges that stop payment orders on checks must be received
by Bank within a reasonable time for Bank to act on the order prior to final
payment of the check and stop payment orders on an ACH/EFT transfer must be
received by Bank at least three (3) business days preceding the schedule date
of the pre-authorized ACH/EFT. If stop payment orders are not received within
these time periods, Bank will not be responsible for failing to stop payment.
Customer agrees that Customer may not stop payment on any point-of-sale
ACH/EFT transfer; any cashier's check, certified check or other official institution
check Customer has purchased from Bank; or any check guaranteed by the Bank.
Customer understands that Customer's stop payment order is conditional and
is subject to Bank's verification that the Item has not already been paid or
that some other action to pay the Item has not been taken by Bank.
Customer agrees to indemnify and hold Bank harmless from all costs, including
attorneys fees, damages or claims relating to Bank's action in refusing payment
of the Item, including claims of any joint owner, payee or endorsee. Customer
agrees that payment by Bank of the Item through its inadvertence, oversight
or mistake shall not constitute failure to exercise ordinary care and the Bank
shall not be liable for payment for any reason other than its failure to exercise
Customer agrees to notify Bank promptly of the issuance of a duplicate Item
or return of the original Item.
A stop payment order against an ACH/EFT transfer is effective only against
the ACH/EFT transfer that is described above and does not cancel or revoke Customer's
authorization for future ACH/EFT transfers by the same originator.
A written stop payment order or an oral stop payment order that is confirmed
in writing is effective for six (6) months from the Stop Payment Date and will
expire automatically at that time unless Customer has specifically renewed it
in writing prior to expiration or other requirements apply.
All stop payment orders are subject to Bank's Deposit Account Terms and
Conditions, Bank policy and applicable law.