You may request us to stop payment on any check, draft, personal money order, negotiable order of withdrawal (NOW), or
pre-authorized electronic fund transfer drawn on your account if the item has not been paid.
Not exact matches
An insufficient
funds (NSF) fee may be assessed for a check or
pre-authorized electronic (ACH) withdrawal rejected or returned due to insufficient
funds.
(a)
electronic transactions (
electronic funds transfers,
pre-authorized debits, debit card transactions, ATM transactions or other withdrawal requests); and (b) checks, in numerical sequence with lower numbers paid first, and other payments.
If an institution fails to make an
electronic fund transfer, or to stop payment of a
pre-authorized transfer when properly instructed by you to do so, you may sue for all damages that result from the failure.
This method of payment is commonly referred to as
electronic funds transfer, EFT, or
pre-authorized checking, PAC.