stop payment

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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 ?
BANKING AND CREDIT NEWS-August 29, 2019--Nigerian central bank stops payments for milk imports
'This could be disastrous for me if I would have been in Europe or America with a debit card of Pakistani bank who stops payments all of sudden,' he said.
District Court stops payments from the Nat'l Pork Board to the Nat'l Pork Producers Council (NPPC) for the Pork Board's purchase of the "Pork: The Other White Meat" trademarks.
The text of the bill calls on the US State Department to stop US aid to the Palestinians until US Secretary of State Rex Tillerson affirms that the Palestinian Authority stops payments to the families of the martyrs, the Palestinian prisoners and their families.