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Stop payments are charged a fee by the customer's financial institution, usually the same as a fee for a bounced check. The customer can usually call their financial institution to ask for an immediate stop payment to be issued, with the requirement they come in within a few days and sign a written
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The customer does not have enough money to cover the check (typically, a stop payment on a check has less of a dishonorable appearance than a check that
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issuer to refuse to pay a check or draft drawn on the customer's account, and to return the draft to the depositor unpaid.
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Stop payments are used in cases where the depositor does not want the check to be paid. The reasons can include:
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The customer has a dispute with the party that the check was given to, and wants to withhold payment.
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184:"What Is a Stop Payment And How Does It Work? – Forbes Advisor"
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is an order by a customer of a financial institution (
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191:. Retrieved
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99:January 2024
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