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#2264710 - 01/13/22 01:40 PM Stop Payment-Have to accept?
Likes to Comply Offline
Diamond Poster
Joined: Nov 2008
Posts: 1,137
In the mountains
Does a bank have to accept a stop payment request if the only information the person can provide is the payee because the payee keeps sending debits with varying, random check numbers and varying dollar amounts?

Or can we turn down that stop payment request since we have no reasonable and economical way of being able to ensure we can stop that payment?
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Operations Compliance
#2264712 - 01/13/22 02:22 PM Re: Stop Payment-Have to accept? Likes to Comply
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,319
Galveston, TX
Close the account and open a new one.

If you want to review the rules - see your State's version of UCC 4-403
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