stop payment


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Related to stop payment: Stop Payment Order

stop payment

To prevent a bank check or wire transfer from being honored or processed and having the funds leave an account. The bank stopped payment when they suspected that the signature on the check had been forged. Unfortunately, as the direct debit has already been issued for this month, you'll have to call the bank to stop payment.
See also: payment, stop

stop payment

Instruct a bank not to honor a check one has drawn, as in If that check was lost, we'll have to stop payment on it before issuing another. This usage was first recorded in 1722.
See also: payment, stop
References in periodicals archive ?
"[A] payor of a check may issue a stop payment order after the check has been written in an attempt to prevent the check from being paid and the funds from being transferred to the payee," Pariente wrote.
In addition, you might also ask the employee whether he was charged any fees from the bank for the stop payment, and offer to reimburse him.
Speaking at the hearing, BSP Settlement Services Division acting manager Nenita Cadapan said that the reason the Bangladesh Bank could not send the more commonly used high priority stop payment order via the Swift system was that Bangladesh Bank and RCBC did not have previous dealings that would have allowed an authenticated message to be used.
Accordingly--said Justice Barbara Pariente writing for the unanimous court in upholding a Second District Court of Appeal decision--pursuant to the provisions of the garnishment statute, the attorney in those circumstances has an obligation to inquire of the bank as to the status of the funds in his or her trust account and to issue a stop payment order if he or she has the ability to do so.
Speaking at the hearing, BSP Settlement Services Division acting manager Nenita Cadapan said that the reason the Bangladesh Bank could not send the more commonly used high priority stop payment order via the Swift system was that the Bangladesh Bank and RCBC did not have previous dealings that would have allowed an authenticated message to be used.
5, the publicly listed bank controlled by the wealthy Yuchengco family received a stop payment order from the Federal Bank of New York at 5 p.m.
General Overview of Banking Services: Operating Account Automated Clearing House (ACH) Accounts Payable Account (ZBA) Wire / Funds Transfers Payroll Account (ZBA) Information Reporting Merchant Services Account Account Reconciliation Flexible Spending Account Stop Payment Money Market Account Return Items Online Banking/Treasury Management Positive Pay Online Retrieval of Check and Deposit Images Remote Deposit Capture Business credit cards Electronic vendor payments (e-payables)
The High Court in Dublin granted an injunction to stop payment of the Lotto winnings.
In particular, it includes a) the service of management of parking stalls that insist on the streets and in the areas identified by the Town Council and intended to stop payment, through the use of electronic parking meters for the discipline and the collection of tariffs;b) the supply, installation and routine maintenance and repairs of electronic parking meters and the horizontal and vertical road signs regulating the roads and concession areas;c) the monitoring activities of the service performed by traffic wardens Dealership employees of the Company, duly selected and suitable for the performance of their duty, in accordance with the regulations currently in force.
Available services are to include information reporting, stop payment, ACH origination, wire transfer, internal transfer, and positive pay.
The High Court granted an injunction to stop payment of the Lotto winnings.
The state challenged the Senecas on their decision to stop payments and won the arbitration by a 2 to 1 vote that from the beginning did not sit well with the Seneca Nation, and they have been publicly silent ever since.
PAL has sent her forms asking her to fill the details of her late husband's properties and provide his manuscripts, otherwise they will stop payments. Pari Bibi 66, told The Express Tribune that over the she has lost Azam Khan's works and now fears losing the stipend that was helping her buy medicines in old age.
ISLAMABAD -- The Election Commission of Pakistan (ECP) on Thursday asked Accountant General of Pakistan Revenue (AGPR) to stop payments against tenders issued by various departments for publication in dailies after April 1.
'I have ordered to stop payments to the contractors, and ordered to complete the pending inquiry against the contractor by Monday next.