Stop Payment Request Template
The Stop Payment Request Template should be completed with information such as the customer’s name, account number, check number, and more. Stop payments are a service provided to the customer in the event the customer does not want a check he or she has written to be paid. It is important to place the stop payment information on the bank account as quickly as possible to prevent losses.
Be sure to inform the customer that his or account will be charged $15.00 for this service. The following information must be obtained from the bank customer and placed on BNK103-2 STOP PAYMENT form:
- Customer’s name, address, and a telephone number where the customer can be reached during banking hours.
- Account number
- Check number
- Date of the check
- Who the check is made payable to
- Amount of the check
- Reason for the stop payment
This information needs to be placed on the account and given to the bookkeepers. The customer will need to sign the stop payment form within ten business days. The stop payment will be placed on the account for six months. If the customer would like to release the stop payment, they need to come in the bank and sign a release.
Stop Payment Request Template Details
Format: Microsoft Word 2013 (.docx)
Manual: Banking Policies and Procedures Manual
Procedure: Funds Availability Stop Payments Procedure BNK103
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