ELECTRONIC STOP PAYMENT TERMS AND CONDITIONS

A charge, as reflected, will be assessed to the account holder as payment for implementing this order. The fee is $25.00.

Stop Payment for Single ACH Payment (Consumer Account) Terms and Conditions: On the terms hereinafter set out, the undersigned account holder hereby instructs Bank of O’Fallon, hereinafter called “the Financial Institution”, to stop payment on the transaction shown in this electronic submission. The stop payment order shall remain in effect:

1. until written notice is received from the account holder to revoke the stop payment order; or

2. until payment of the entry has been stopped, whichever occurs first.

Stop Payment for Recurring ACH Entries: (Consumer Account) Terms and Conditions: On the terms hereinafter set out, the undersigned account holder hereby instructs Bank of O’Fallon, hereinafter called “the Financial Institution”, to stop payment on the transaction shown in this electronic submission.

The account holder authorized designated company, hereinafter called ‘the Company’, to originate one or more ACH entries to debit funds from the account listed.

(A) On designated date, the account holder revoked that authorization by notifying the Company in the manner specified in the authorization; or

(B) The account holder will be notifying the Company on designated date in the manner specified in the authorization.

The stop payment order shall remain in effect until the earlier of:

1) Written notice being received from the account holder to revoke the stop payment order; or

2) The return of all debit entries.

Stop Payment for One ACH Payment (Corporate) Terms and Conditions: On the terms hereinafter set out, the undersigned account holder hereby instructs Bank of O’Fallon, hereinafter called “the Financial Institution”, to stop payment on the transaction shown in this electronic submission. The stop payment order shall remain in effect for six months.

Stop Payment for Check Terms and Conditions: On the terms hereinafter set out, the undersigned account holder hereby instructs Bank of O’Fallon, hereinafter called “the Financial Institution”, to stop payment on the transaction shown in this electronic submission. The stop payment order shall remain in effect for six months.

By directing the Financial Institution to stop payment on the above transaction(s), the account holder agrees to hold the Financial Institution harmless against any and all loss, claims, damages, and costs, including court costs and attorney’s fees, that the Financial Institution may suffer or incur by reason on non-payment of the above transactions if presented prior to withdrawal of these instructions or expiration thereof.

The account holder understands that the Financial Institution’s stop payment cutoff time is one hour after the opening of the next banking day after the banking day on which we receive the item. Additional limitations on our obligation to stop payment are provided by law (e.g., we paid the item in cash or we certified the item).

The account holder also understands that it is necessary to provide the correct information related to the transaction(s) and that failure to do so may result in the payment of the above item(s). The account holder agrees to hold harmless and indemnify the Financial Institution for all expenses, costs and damages incurred by payment of the above item(s) if such payment is the result of failure of the account holder to meet the time requirements noted above, or if such payment is the result of failure of the account holder to furnish any item of information requested above completely, accurately and correctly.

I am an authorized signer, or otherwise have authority to act, on the account identified in this statement. I attest that the debit above was not originated with fraudulent intent by me or any person acting in concert with me. I have read this statement in its entirety and attest that the information provided on this statement is true and correct.

In lieu of signing the stop payment order The process for an electronic stop payment requires you to be a customer of Bank of O’Fallon with a log-in and password to access internet banking and your accounts. This method of logging into your account is a substitute for required signature on a stop payment order.


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