Stop Payment Order


Also found in: Acronyms.

Stop Payment Order

Revocation of a check; a notice made by a depositor to his or her bank directing the bank to refuse payment on a specific check drawn by the depositor.

An individual who writes a check can revoke it unless it has been certified, accepted, or paid. If a bank pays a check after a timely stop payment order by the depositor, the bank is usually liable to the depositor for the amount paid.

References in periodicals archive ?
Thus, 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," the court said.
The court said AME had an obligation to inquire of the bank as to whether the check had been presented for payment and, if not, to issue a stop payment order if it had the ability to do so.
Similarly, Charles Schwab Bank is eliminating fees for Investor Checking account stop payment orders, standard check orders and check copies.
With WEBS(R), commercial customers can--with complete security--review balances, look at checking account activity, get transaction details, issue stop payment orders and send wire transfers, from the computers in their offices.
Using Bank Street, banks can provide their customers with 24-hour-a- day, 7-day-a-week home banking services, including: bill payment, funds transfer, statements on demand, interest status, up-to-the-minute account information, stop payment orders, check copy requests, and E-mail.
The Ultra-Voice remote banking system is a new addition to the Ultra-Access(R) suite of remote banking products and provides over 100 specific inquiries and transactions to any member with a touch-tone telephone including account inquiries, stop payment orders, funds transfer, loan application status, interest and dividend updates, check re-ordering, automatic bill payments and loans by phone.
status, interest status, deposit information, stop payment orders,
Account services that are now available across the state lines include deposit functions, maintenance transactions such as stop payment orders, complete loan services from application to disbursement of funds, balance information, transaction history and interim statements.
The services include bill payment, funds transfer, balance inquiry, stop payment orders, changing a personal identification number (PIN) or password, among other banking transactions.
Menu choices include: up-to-the-minute alerts on incoming wire transfers and potentially fraudulent transactions; commands for sending wire transfers; stop payment orders on checks; on-line inquiries of any debits and credits to the account; and multiple reports that users can download into spreadsheets.