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Date:
Dear Sir or Madam:
You are hereby directed to stop payment on the following check under the name: ____________________________.
Account number: ____________________
Check number: ______________
Amount of the check: $______________.
Payee of the check: __________________________________________
This order is made under and subject to the provisions of Section 4-403 of the Uniform Commercial Code of the State of ___________.
I have just cause for this Stop Payment under federal and state laws.
Yours very truly,
______________
Signer on Account
cc File and Payee on Check
Check, Stop PaymentReview List
This review list is provided to inform you about the document in question and assist you in its preparation. This Stop Payment of a Check letter is used by an individual or company to notify a bank to stop payment on a check or confirm an earlier conversation to do so.
Anyone with a checking account is guaranteed the right by law the right to order his or her bank to stop payment of a check. This right appears in article 4-403 of the Uniform Commercial Code (UCC) as adopted by each state. Two versions of this law have been adopted by each state over the years, with the later version adding some clarity to the earlier one. The basic rules are):
1. The stop payment order can be given orally or in writing. An oral order is good for only 14 days. A written order (like this letter) is good for six months, unless renewed in writing for another six months, and so on and so on.
2. Since time is critical, fax, hand deliver, and call in your stop payment. Keep evidence of the date of delivery, such as the confirmation receipt from your fax machine, in a file relating to the subject.
3. An effective stop payment request must be timely in order to be honored by the bank. In other words, the order must be given prior to the payee cashing the check. If, however, the bank improperly pays contrary to your order, after proper and timely notice, the bank is liable for your loss.
4. Caution: Stopping payment of a check without good reason can subject you to civil and criminal liability. For example, if you pay Wal*Mart with a check and then stop payment without justification, Wal*Mart can ask that you be prosecuted for passing a bad check and sue you for collection, with damages, in civil court. Make sure you have a good and sufficient reason for stopping payment, such as default by the payee, fraud, failure to deliver the proper goods, or other major problem.
5. Bank fees for this transaction run between $10 and $25, as a rule, depending on your bank. Generally, the smaller the bank the smaller the fee. If you are a good customer of a small bank, they may reduce or waive the fee. A large bank will generally just go by their own rules. Period.
What else can I help you with?
Can you put a stop payment on a check after it is cashed?
No. A stop payment can be issued only before the check payment is made by the bank. If you try a stop payment after the bank has paid for the check, the bank wont accept it because the stop payment instruction is useless now and cannot be executed.
Stop payment on check to mechanic shop?
THis ain't no question.... why would you stop payment on a check anyway
How can I stop payment on a check to a contractor?
To stop payment on a check to a contractor, you can contact your bank and request a stop payment order. This will prevent the contractor from cashing the check. Be prepared to provide details about the check, such as the check number and amount, to the bank.
What happens when you stop payment on a check?
When you stop payment on a check, the bank is instructed not to honor the check if it is presented for payment. This can prevent the recipient from cashing the check and can protect you from unauthorized withdrawals from your account.
Can you stop payment on a cashiers check?
Being able to place a stop payment on a cashier's check depends on the bank. If the cashier's check has been lost or stolen the bank may place a stop payment on it.
Is stop payment check a fraud?
if you stop payment because the funds are not available then yes it is.
Who can stop payment of a cheque?
The person who issued the cheque can issue the stop payment on the cheque. As long as the check isn't submitted for payment yet, you can issue the stop payment request. But, if the check is already paid the bank will not accept the stop payment. A point to note is that, the person to whom you gave the check can prosecute you legally for doing so because he wont get paid for the check
How long do you have to wait to stop payment on a check that has not been cashed?
you can place a stop payment on a check right after you write the check if you want to pay the fee
Can I stop payment on a check that I have already issued?
Yes, you can stop payment on a check that you have already issued by contacting your bank and requesting a stop payment order. However, there may be a fee associated with this service.
Can you stop payment on any check?
As long as the check isn't submitted for payment yet, you can issue the stop payment request. But, if the check is already paid the bank will not accept the stop payment. A point to note is that, the person to whom you gave the check can prosecute you legally for doing so because he wont get paid for the check.
How do I stop payment on a check?
To stop payment on a check, you need to contact your bank and request a stop payment order. This will prevent the check from being cashed or deposited. Be prepared to provide details about the check, such as the check number, amount, and payee. Keep in mind that there may be a fee for this service.
What is the law on stop payment on a check?
The usual guidelines on stop payment on checks are:Any person who issues a check has the right to give a stop payment on itStop payment advise must be issued before the check is cashed or paidIf the stop payment is given after the check is cashed, it is uselessIf a person issues a stop payment, he/she is still liable to pay the money to the person to whom they had given the check.
