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#2200368 - 12/11/18 07:44 PM Stop Payments
FFBT Offline
100 Club
Joined: Jul 2012
Posts: 110
We currently require a customer signature on stop payments. We are looking to change this and not require it. I am wondering what other banks are doing? Also, is there any liability to the bank if we do not obtain a signature?

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Operations Compliance
#2200505 - 12/12/18 07:30 PM Re: Stop Payments FFBT
Christy Goza Offline
100 Club
Joined: Jun 2010
Posts: 118
Cleveland, TN
We had this situation last week: Customer says they placed a stop payment on a check 1107. After pulling the form, the customer placed a stop payment on check 1117. Both checks were for the same amount. It was a good thing we had the customer's signature on the form.
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Christy Griffith

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#2200524 - 12/12/18 08:46 PM Re: Stop Payments FFBT
HappyGilmore Offline
10K Club
Joined: Jun 2004
Posts: 19,534
Pulling people out of the ditc...
we allow verbal stop payments, they are valid for a period of 10 business days, if they want longer they must sign form...
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Providing alternative truths since the invention of time

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#2200526 - 12/12/18 08:49 PM Re: Stop Payments FFBT
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,402
I would recommend you review your state's UCC. Some states say the stop payment must be ratified which means verbal.

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#2202321 - 01/08/19 05:14 PM Re: Stop Payments FFBT
lynnway2 Offline
New Poster
Joined: Oct 2018
Posts: 5
We do verbal stop payments for 14 days, after that, we need a written one.

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