Get the free Stop Payment Form

This form is used by members of Alliance Federal Credit Union to request a stop payment on a specific check. It requires detailed information about the check and terms regarding the service provided

How to fill out stop payment form

How to fill out Stop Payment Form

1. Obtain the Stop Payment Form from your bank or credit union.
2. Fill in your account number on the form.
3. Specify the check number or range of check numbers you want to stop.
4. Provide the date of the check or the date range if necessary.
5. State the amount of the check.
6. Include your signature to authorize the stop payment request.
7. Submit the completed form to your bank either in person or online, depending on their process.
8. Keep a copy of the form for your records.

Who needs Stop Payment Form?

1. Anyone who has issued a check that they want to cancel should fill out a Stop Payment Form.
2. Customers who suspect a check may be lost or stolen also need to file this form.
3. Individuals or businesses who want to prevent payment on specific checks due to disputes or errors need to complete the form.

People Also Ask about

What is an example of a stop payment order?

For example, a stop payment request can be “stop payment on check number 555 for $1,000 written to John & John Clearing & Forwarding on November 1, 2020.” If the check has not been processed by the receiving bank, the bank will flag it to prevent it from clearing.

What is meant by stop payment?

A stop payment is an order by a customer of a financial institution (bank, savings bank, or credit union) or to a money order issuer to refuse to pay a check or draft drawn on the customer's account, and to return the draft to the depositor unpaid.

How to issue a stop payment?

Gather all the payment information: This includes your checking account or savings account number, payee information, the payment amount and the date of the payment. Contact the bank to make a stop payment request: Follow your bank's policy to ensure you make the request prior to the date the payment is set to clear.

How do you use stop payment in a sentence?

The contest people were very nice and just stopped payment on the check and gave her another check. The company even stopped payment on the last paychecks. His nephew stopped payment on 21 checks after learning what was going on.

Why would someone request a stop payment?

Reasons to Issue a Stop Payment The check was made out for the wrong amount, to the wrong person, or for the wrong date. The check was mailed to the wrong payment address. The payment is no longer warranted due to a canceled contract for services. The check was stolen.

What are the rules for stop payments?

Generally, state law requires that banks maintain stop payment orders received in writing for at least six months. After that, the check may be cashed, though many financial institutions may not cash checks older than six months. Verbal stop payment orders expire after 14 days 3 , according to federal regulations.

What is an example of a stop payment?

For example, a stop payment request can be “stop payment on check number 555 for $1,000 written to John & John Clearing & Forwarding on November 1, 2020.” If the check has not been processed by the receiving bank, the bank will flag it to prevent it from clearing.

How to write stop payment?

Subject: Notice to stop payment cheque(s) (bearing cheque number…) Dear Sir/Ma'am, This letter is to request you to stop payment of the cheque bearing number-………., dated-………, in favour of (name of cheque holder)………., for the sum of (amount)…….. on its submission due to…… (cheque stop payment reason).

For pdfFiller’s FAQs

What is Stop Payment Form?

A Stop Payment Form is a document that a bank or financial institution requires a customer to complete to request the cancellation of a check before it is cashed or processed.

Who is required to file Stop Payment Form?

The account holder or payee who issued the check is required to file a Stop Payment Form to formally request that the bank halt payment on a specific check.

How to fill out Stop Payment Form?

To fill out a Stop Payment Form, you need to provide your account information, details of the check (such as check number, amount, and payee), and your signature authorizing the stop payment.

What is the purpose of Stop Payment Form?

The purpose of a Stop Payment Form is to prevent a specific check from being honored by the bank, usually due to loss, theft, or a dispute regarding the payment.

What information must be reported on Stop Payment Form?

The information that must be reported on a Stop Payment Form includes the account holder's name and account number, the check number, payee name, amount of the check, and the reason for the stop payment request.