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A bank does not issue a debit memorandum to notify the depositor of which of the following?

A bank does not issue a debit memorandum to notify the depositor of which of the following?. Periodic payments arranged in advance, by a depositor. A deposit to their account. All withdrawals through an ATM. A fee assessed to the depositor's account A bank does not issue a debit memorandum to notify a depositor of _____. a. a deduction to a depositor's account b. a deposit to the depositor's account c. a withdrawal through an ATM d. a check that was deposited in the account but was returned NSF e. periodic payments arranged in advance, by a depositor

A bank does not issue a debit memorandum to notify a depositor of ____.-A deposit to the depositor's account Bank Reconciliation: Most common causes of Differences: Outstanding checks Deposits in transit Deductions for uncollectible items and for services Additions for collections and for interest Errors Steps in Preparing Bank Reconciliation: 1 C. The beginning and the ending balance of the depositor's account. 16. A bank does not issue a debit memorandum to notify the depositor if which of the following? E. A deposit to their account. 17. The number of day's sales uncollected: A. Is used to evaluate the liquidity of receivables. 18. The number of day's sales uncollected is used to A bank does not issue a debit memorandum to notify a depositor of _____.-a deduction to a depositor's account-a deposit to the depositor's account-a withdrawal through an ATM-a check that was deposited in the account but was returned NSF-periodic payments arranged in advance, by a depositor For which item does a bank NOT issue a debit memorandum? to notify a depositor of a deposit to their account. which of the following procedures would weaken control over cash receipts that arrive through the mail. for safety, only one person should open the mail, and that person should immediately deposit the cash received in the bank.

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chapter 8 notes.docx - A bank does not issue a debit ..

83. A bank does not issue a debit memorandum to notify the depositor of which of the following? A. All withdrawals through an ATM. B. A fee assessed to the depositor's account. C. An uncollectible check. D. Periodic payments arranged in advance, by a depositor. E. A deposit to their account. 84. Preparing a bank reconciliation on a monthly. 82. For which item does a bank NOT issue a debit memorandum? A. To notify a depositor of all withdrawals through an ATM. B. To notify a depositor of a fee assessed to the depositor's account. C. To notify a depositor of an uncollectible check. D. To notify a depositor of periodic payments arranged in advance, by a depositor. E A debit memorandum is a notification to a customer that a debit adjustment has been made to their account, reducing the value of funds available. The three primary reasons to issue a debit memo is. For which item does a bank NOT issue a debit memorandum? A. To notify a depositor of all withdrawals through an ATM. B. To notify a depositor of a deduction to a depositor's account. C. To notify a depositor of a bounced check. D. To notify a depositor of periodic payments arranged in advance, by a depositor. E The $570 includes $550 principle and $20 interest.e. A debit memo included with the bank statement shows a $107 NSF check from a customer, P. Flank.f. A deposit placed in the bank's night depository on July 31 totaling $1,275 did not appear on the bank statement.h. Included with the bank statement was a debit memorandum in the amount of $45 for.

Financial Accounting Chapter 6 Terms-Questions - Subjecto

  1. C. The beginning and the ending balance of the depositor's account. D. A listing of deposits in transit. E. A reconciliation to the depositor cash account. 83. A bank does not issue a debit memorandum to notify the depositor of which of the following? A. All withdrawals through an ATM. B. A fee assessed to the depositor's account. C. An.
  2. Cash in bank account. $21,430. NSF checks from customers returned by bank. $650. A bank does not issue a debit memorandum to notify the depositor of which of the following? A. All withdrawals through an ATM. B. A fee assessed to the depositor's account. C
  3. For which item does a bank not issue a debit memorandum? a. to notify a depositor of all withdrawals through an ATM. b. to notify a depositor of a fee assessed to the depositor's account. c. to not..
  4. A depositor who draws a check on his account does not thereby assign the funds in that account to the payee of the check. . . . Until the check is presented for payment and the bank becomes obligated for payment to the owner of the item, the deposit obligation is owed by the bank to its depositor

For which item does a bank NOT issue a debit memorandum? To notify a depositor of all withdrawals through an ATM; To notify a depositor of a deduction to a depositor's account; To notify a depositor of a bounded check; To notify a depositor of periodic payments arranged in advance, by a depositor; To notify a depositor of a deposit to their. The automatic crediting of interest to the account by the bank does not count to keep the account active. The Code does not require a bank to notify the depositor when an account becomes inactive. Section 73.003(a) of the Code prohibits a bank from service charging an inactive account For which item does a bank NOT issue a debit memorandum? To notify a depositor of all withdrawals through an ATM. To notify a depositor of a deduction to a depositor's account. To notify a depositor of a bounced check To notify a depositor of periodic payments arranged in advance, by a depositor To notify a depositor of a deposit to their account

Accounting 201 You'll Remember Quizle

Annex II. Master Circular Maintenance of Deposit Accounts. The Depositor Education and Awareness Fund Scheme, 2014. The Reserve Bank of India, in exercise of the powers conferred by sub-sections (1) and (5) of Section 26A of the Banking Regulation Act, 1949 (10 of 1949) and of all the powers enabling it in this behalf, hereby makes the following Scheme: A bank account is debited when a transaction is made, usually with a debit card, billpayer system, or a check. When a debit card is swiped or processed for an online transaction, the first step is. Change of Address or Status. The depositor should immediately notify the Bank of any change in his status or address. The provision of Article 1250 of the Civil Code is not applicable to the depositor's account. These rules and regulations shall be in addition to the pertinent TERMS AND CONDITIONS GOVERNING DEPOSIT ACCOUNT Example. XYZ Company is closing its books and must prepare a bank reconciliation for the following items: Bank statement contains an ending balance of $300,000 on February 28, 2018, whereas the company's ledger shows an ending balance of $260,900. Bank statement contains a $100 service charge for operating the account

Accounting Chapter 8 Flashcards Quizle

  1. Do not attempt to add Direct Express enrollment to a record by altering the last digit from another record to complete enrollment, unless you are following GN 02402.007F.3 in this section. For example, do not change the last digit of the account number on the MBR and add it to the SSR
  2. Definition of Credit Memo. One type of credit memo is issued by a seller in order to reduce the amount that a customer owes from a previously issued sales invoice. Another type of credit memo, or credit memorandum, is issued by a bank when it increases a depositor's checking account for a certain transaction
  3. vii. The Bank does not recognise any Trust. This means that sums when deposited with the bank for the credit of an account are, in the absence of any notice or circumstance putting the bank on notice, presumed to be the property of the depositor and any claim of any othe
  4. A bank's decision to place a hold on funds you deposit by check does not affect the interest that you receive on the deposited funds. Specifically, if you deposit a check into an interest bearing checking account, your bank is generally required to begin to credit interest to your account no later than the business day on which the bank.
  5. Where the bank does not have a branch of its own, the instrument by debiting the HDFC Bank‟s Nostro account. HDFC Bank has the right to debit the depositor‟s account to the extent of returned cheque amount immediately (at the as following: Saving Bank rate for the period of delay up to 30 days from the agreed date o
  6. The bank does not have an option to return point-of-sale transactions. Generally, a customer who overdraws their account the first time and accesses their Bounce limit, is accorded an opportunity to have the OD fees waived by Bank policy and also is given the opportunity to 'opt out' of the program

Chapter 6 Flashcards Quizle

  1. A bank authorization letter is usually written by an account holder to the bank manager. The purpose of writing this letter may vary with, case to case. Some write it to allow their family members or business partners to do monetary transactions while others draft such letters to operate their closed bank accounts
  2. Request Letter to Bank Manager. This is a formal letter sent to a bank manager in reference to the bank's services. It could be written to request bank statements, facilitate an overdraft, loan, or report a lost ATM card. Before sending the letter, make sure it is explicitly addressed to the bank manager
  3. This was a perfectly normal and customary banking transaction. Mrs. Kirby, as a customer of that particular branch bank, presumably could have obtained $200 by writing her personal check, or by having the bank issue and she initial a debit memorandum or charge on her account, or by having the transaction reflected on the face of the deposit slip
  4. General FAQs. Does the Union Savings Account earn interest? Yes, Union Bank offers a competitive variable savings interest rate on this account. Current rates can be found on the Deposit Account Rates page, in any branch, or by contacting our Customer Support Team at (402) 323-1777 or (800) 297-2837
  5. A check written by a depositor that has not yet been presented for payment to or paid by the depositor's bank. Overdraft When the amount of money withdrawn from a bank account is greater than the amount actually available in the account, the excess is known as an overdraft, and the account is said to be overdrawn
  6. My ATM/debit card has been lost/stolen. What should I do? You should notify the bank immediately after learning of the loss or theft of your access device (ATM/debit card). If you do so within two business days, your liability will be the lesser of the following: $50 The amount [] debit card lost Read more
  7. After your death (and not before), the beneficiary can claim the money by going to the bank with a death certificate and identification. Your beneficiary designation form will be on file at the bank, so the bank will know that it has legal authority to hand over the funds. Jointly Owned Account

The U.S. Treasury Department requires everyone who receives a federal benefit check to have a direct deposit or electronic payment option. Federal benefits include: Social Security, Supplemental Security Income (SSI), and Veteran Affairs (VA) compensation and pension payments. Please have the following information ready The following Website is not controlled by Bank of Bridger. This link is provided solely for your convenience and information. The listing and linking of a website does not indicate that Bank of Bridger, N.A. reviews the content of these sites, nor do we endorse, sponsor, or recommend these products, services, or opinions found at these sites DO NOT TOUCH THE MONEY. The bank will eventually find the mistake and take the money back. If you do not have the money, you will be charged with theft of misappropriated fund most likely at the federal level which could lead to jail time and fines 2. The bank will not take any suo moto action against the said person, 3. If by any chance the Bank takes up the issue, the act can be defended by stating that the dead person asked him to withdraw the said amount and gave the ATM card and password and before withdrawing the amount, it was not known that he has does

Write a letter to the bank branch for closure of account Produce the letter along with the following: * Pass book * Unused cheque leaves provided by the bank * Debit card provided by the bank On receipt of your letter for closure, the bank will cl.. 2.5.2 UCBs registered in States that have entered into a Memorandum of Understanding (MOU) with Reserve Bank of India (Reserve Bank) for supervisory and regulatory co-ordination and those registered under the Multi State Co-operative Societies Act, 2002 and complying with the following norms are eligible for authorization to maintain NRE accounts

Debit Note Debit Memo Debit Memorandum FinanceTut

construed in accordance with the Memorandum and the internal Articles of Association of the Board of the Bank and the provisions of Islamic Shari'ah. The two parties have agreed to implement the following general Terms and Conditions. Definitions: The following words wherever stated have the Bank will not issue a cheque book or Debit. Superior Court of Connecticut. FCT Electronics, LP v. Bank of America, N.A. CV106002699 Decided: September 22, 2011. MEMORANDUM OF DECISION. Before the court is the defendant's motion for summary judgment (# 124) based on the ground that there is no genuine issue of material fact that alleged unauthorized transactions pertaining to the plaintiff's bank accounts are time-barred ICICI Bank will close the Account and arrange to open a new Account at the other branch and will issue new cheque book, new ATM/debit card, etc. ICICI Bank does not accept any responsibility for loss, delay, mutilation or interception of the instruments in postal or courier transit. but not limited to, the following

A memo-type provisional hold remains effective only intra-day and does not affect the batch deposit posting process. The memo type provisional hold amount is calculated immediately after end-of-day balances are available on the day of failure and the same amount is applied on a daily basis until changed or removed at the instruction of the FDIC Following its receipt of a letter from Chase dated October 28, while terminating the collecting bank's right of charge-back in reliance upon a simple notification from the drawee bank, does not in any way preclude the bank from pursuing its remedies by way of plenary suit, in order to hold the depositor on its indorsement and the warranties. A prepaid card is a payment card that is pre-loaded with your own money. Similar to a debit card, the prepaid card allows you access to your money loaded into the card 24/7 through cash withdrawals, purchases and other transactions done through the internet, ATMs or Point-of-Sale (POS) terminals. Non-Transferability

construed in accordance with the Memorandum and the internal Articles of Association Supervisory Board of the Bank and the provisions of Islamic Shari'a. The two parties have agreed to implement the following general Terms and Conditions. the Bank will not issue a cheque book or Debit Card except through an authorised agent. 5. When the FI does not respond after 30 days from the date of the follow-up, Treasury debits the account of the FI or its correspondent bank at the Federal Reserve Bank for the full reclamation amount, and returns the funds to SSA. For the amount of the FI's liability, see GN 02408.625 PERSONAL ONLINE AND MOBILE BANKING AGREEMENT. Personal Online and Mobile Banking Agreement. I. Agreement. This Agreement is a contract establishing the rules which cover your electronic access to your Accounts at Macatawa Bank (Bank) through the Macatawa Online Banking Services System, access to Mobile Money Service and Mobile Deposit (collectively System) If you do not receive an e-mail or have any questions about the transaction, please contact the Operations Department at (731) 669-3900 Store deposited check in a secure place. Do not destroy the check until after your deposit has been processed; Centennial Bank may ask you to resubmit or provide original check if there is an issue with the deposi Savings and Current account not operated for a continuous period of more than 2 years by customer (excludes system generated transactions like credit interest/debit interest) will be treated as a Dormant Account in the interest of the depositor as well as the Bank. The depositor can request the bank to activate the account for operating it

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Latest UK Bank/ Building Society mortgage statement. Either. Validity: Not older than one year. State Pensions or benefits book/ notification letter. Either. This should confirm the rights to State pension or benefits. Tax assessment / Notice of coding letter from the HMRC. Either. We are unable to accept P45 or P60 form 11.3.1 If you are a new deposit customer, the following special rules may apply during the first 30 days your Account is open: 11.3.2 Funds from cash, electronic direct deposits, wire transfers and checks drawn on Associated Bank will be available on the day we receive the deposit or transfer A debit or credit memorandum describing entries in the depositor's bank account may be enclosed with the bank statement. An example of a credit memorandum is a. deposited checks returned for insufficient funds b. a promissory note left for collection c. a service charge d. notification that a customer's check for $375 was recorded by the.

A person is engaged in matchmaking if the person proposes deposit allocations at, or between, more than one bank based upon both (a) the particular deposit objectives of a specific depositor or depositor's agent, and (b) the particular deposit objectives of specific banks, except in the case of deposits placed by a depositor's agent with a bank. CA Operations Manual Requirement: CRC should specify a response from the bank within 20 calendar days of the bank's receipt of the letter. CRC should follow up promptly if the bank does not provide a response to CRC in a timely manner.; row 3; Case: 37; Exception: STARS did not explain why the case took more than 60 days to complete.; CA. If you are not a subscriber of the notification service, you can contact FedACH and Check Services Customer Support at P: (877) 372-2457. We will open a service request and document the incident. As the duplicate item (s) have been reported by the paying institution (s), we will debit your account upon request by the depositor with a prior notification of not less than 7 working days. Withdrawal of the fund prior to maturity is subject to interest penalty. 8.2 If a fixed deposit is not closed on maturity, the opening bank in consultation with the depositor may renew it

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  1. Balance per depositor recording in January 30 was $34,600 Check outstanding was $ 550.50 Check of $450 in voucher payment was erroneously recorded in the check register as $540 Deposit in-transit was $250.75 Debit memo of bank for service charge was $24.23 Credit memo of bank for receivable was$5034.48 Prepare bank reconciliation
  2. d that your bank or financial institution does not have the details of the agreement between you and the biller (unless the biller is also your bank). If you have tried to resolve the issue with your biller without success, you have 90 days from the time the transaction was posted to your account to ask your bank or financial.
  3. g the details concerning the bank accounts and facilities used by the customer from the bank during a financial year. The letter serves as proof for the auditors for audit purposes. For the most part, the customer requests this confirmation from the bank soon after a financial.
  4. An authorization letter for bank is a letter written to the Bank by an owner or a Signatory of a bank account to allow the bank do transactions on the account. If you wish to grant a power of attorney to a third party to manage your bank account, you must write a letter and send it to your banker. You cannot complete your banking formalities.
  5. g Equipment Leasing received more than $10,000 from Mr. Jones in 2015 and 2016, so notification statements to Mr. Jones are required by January 31, 2016, and January 31, 2017, respectively

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7. disclosures we give you about ATM and Debit Card Overdraft Coverage (applicable to certain consumer accounts, refer to the . Insufficient Funds and Overdrafts. section on page 9 for details). These things, together, are an agreement between you and . U.S. Bank. Please read this carefully and retain it for future reference A debit memorandum, or debit memo, is a document that information and notifies a buyer of debit changes made to their particular person bank account. The adjustments made to the account reduce the funds in the account however are made for specific functions and used just for changes outside of any normal debits This transaction does not involve paper checks or debit cards—the only information the payee needs is your bank account and routing number. How ACH Debit Works To pay with ACH, you'll need to authorize your biller, such as your electric company, to pull funds from your account

For which item does a bank not issue a debit memorandum? a

v) Bank Employees' Federations, in which bank employees are not direct members, shall not be eligible for additional interest. vi) The additional interest may be paid on the following deposits after obtaining a declaration from the depositor concerned, that the monies deposited or which may be deposited from time to time into such account. This article provides a sample letter to bank for renting a safe deposit locker in a bank in India in case the bank does not have an official form for it. You can also know the approximate annual locker rental fees at SBI and important details about terms & conditions of operating a bank safe deposit locker in India However, the court, in Chemical Bank, also noted that: The final settlement of a deposited item then, while terminating the collecting bank's right of charge-back in reliance upon a simple notification from the drawee bank, does not in any way preclude the bank from pursuing its remedies by way of plenary suit, in order to hold the depositor. The letter is a written notice to the card company about the problem. Remember, you must send the letter within 60 calendar days of the date that the first statement on which the disputed charge appears was sent to you. Make sure your letter includes. your name and account number. the dollar amount of the disputed charge Paragraph (9) in Delegation Order 25-1, lists the employees delegated to issue a summons.See IRM 1.2.2, Servicewide Delegation Orders. The approval of the issuing officer's manager, or any supervisory official above that level, is required on a summons to a third party witness, except that such approval is not required for a third-party summons issued by a special agent

Transfers from a statement savings account to an account of the same depositor at this bank or to third parties by preauthorized, automatic, telephone, computer transfer, electronic transfer, or by ATM/debit card are limited to six (6) per calendar month with no transfers by draft or similar orders to third parties in accordance with Federal. To request a paper copy, contact us in writing at: The Commercial & Savings Bank, 91 North Clay St., Millersburg, OH 44654 or call us at 330.674.9015 or 800.654.9015. We will charge you a fee of $5.00 for the delivery of each paper copy of any Communication provided to you electronically pursuant to your authorization deposit does not fall into unauthorized hands. Should it so happen that the receipt / document is lost, stolen or destroyed, it shall be the duty of the depositor to notify the Bank immediately. The Bank may at its sole discretion issue a duplicate receipt and charge a fee therefore Policy on Unclaimed Deposits (2018-19) 1. Preamble. One of the important functions of the bank is to accept deposits from the public. But it so happens that some of the accounts are not operated upon by the customers for quite a long period under circumstantial compulsions and they become oblivious of their deposits

Acc Test 7 10-11-15 - (0 1 Which internal control

D. A widow(er) who does not meet the requirements of (A); E. A child or children who do not meet the requirements of (B). If there is more than one child, payment is made in equal parts to each child; F. A parent or parents who do not meet the requirements of (C). If there is more than one parent, payment is made in equal parts to each parent. The Card Holder should immediately notify his/her Business Unit or J&K Bank Toll Free Number 1800 1800 234 (24*7), Helpdesk numbers +91-0194-2481936, +91-0194-2481953 or email us at helpdesk@jkbmail.com. Or. By a letter or by a phone call followed by confirmation in writing if the card is lost / stolen question_answer 3) State Bank of India is the sole authority to issue and manage currency in India. [IBPS RO. 2011] A) A nationalized bank is the sole authority to issue and manage currency in India. done clear. B) A nationalization bank is the sole authorized tom issues and manage currency in India. done clear Notwithstanding any provision of law to the contrary, you agree that we will not be required to credit you for an improperly assessed fee or charge if you do not notify us of the improper fee or charge within thirty (30) calendar days following the date that the earliest statement or notice describing the fee or charge was made available to you Total average daily balances of $1,000-$4,999.99 will earn $200, $5,000-$9,999.99 will earn $300 and $10,000 and over will earn $400. All personal Associated Bank checking, savings, money market, IRA and/or CD account balances are included in the calculation to determine your total average deposit balance

Code of Bank's Commitment to Customers. This is a Code of Customer Rights, which sets minimum standards of banking practices member banks have to follow while they deal with individual customers. It provides protection to customers and explains how banks are expected to deal with customers in their day-to-day operations If the Bank honors a check, other Payment Order or withdrawal request made by a joint depositor before the Bank receives written notice from another joint depositor telling the Bank not to, the Bank has satisfied its obligation with respect to all money the Bank paid or delivered and is not liable to other joint depositors If you do not notify us within 30 days after we sent or made available the earliest statement that gave an indication of the problem you will be responsible for any loss that your notifying us could have prevented unless you can establish that we failed to exercise ordinary care and that failure substantially contributed to the loss or that we. ABC Bank offers instant issue debit card services at the following locations when you need your card faster than traditional mailing or in the event of an emergency: Lubbock 50th & Memphis Banking Center at 3721 50th Street, Lubbock, TX 79413. Lubbock 82nd & Indiana Banking Center at 8112 Indiana Avenue, Lubbock, TX 79423

A depositor can have more than $250,000 at one insured bank or savings association and still be fully insured provided the accounts meet certain requirements. In addition, federal law provides for insurance coverage of up to $250,000 for certain retirement accounts Bank of India does not vouch or guarantee or take any responsibility for any of the contents of the said website including transactions, product, services or other items offered through the website. While accessing this site, you acknowledge that any reliance on any opinion, advice, statement, memorandum, or information available on the site. My fault for not reading the fine print on how they changed their electronic bill pay system. the balance does not include any checks that have been sent through bill pay. the trick form TD Bank is that you do not know who, and who does not, accept electronic payments. they are now saying that most companies only accept paper checks. to make a. Document what happened, when it happened, and to whom you spoke. If you have any additional questions or concerns about fraud or identity theft, call PNC Bank 1-888-PNC-BANK (1-888-762-2265). Representatives are available Monday through Friday from 7:00 a.m. until 10:00 p.m. ET and Saturday and Sunday from 8:00 a.m. until 5:00 p.m. ET

What happens to a bank account after someone in Australia dies depends on what their will states. If the person didn't have a will, the money will often go to the next of kin. Here's how it works You must be a UK resident and aged 18 or over. Please note: the UK does not include the Channel Islands and the Isle of Man. You will need to provide a personal Bank or Building Society (Bank) current account number and sort code (Nominated Linked Account) from the UK, Channel Islands or the Isle of Man, with a direct debit, electronic funds transfer and cheque book facility in.

Cheque. A cheque, or check ( American English; see spelling differences ), is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account (often called a current, cheque. Which one of the following would not cause a bank to debit a depositor's account? a. Bank service charge All of the following would involve a debit memorandum except. a. a bank service charge. A bank may issue a credit memorandum for a. a bank service charge. b. an NSF (not sufficient funds) check from a customer. c. the collection of a.

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  1. Overdraft Paid Fee* (An overdraft paid fee will not be charged if a personal account is overdrawn $5 or less.) Return Item Fee* (per item) - $32.00. Per item fee for covering overdraft created by check, in-person withdrawal, ATM withdrawal or other electronic means - $32.00. Stop Payment (per item) - $32.00
  2. H&R Block is changing banks! On December 8, 2020, all existing H&R Block-branded accounts at Axos Bank® are moving to MetaBank®, N.A. Please know that Emerald Financial Services, LLC, an H&R Block company, will continue to service your account, so you can contact us at 1-866-353-1266 with any questions during this process - we are here to help
  3. I am not sure that a bank is able to somehow invest unsettled money. However, even if they could, the numbers he is showing are a bit high. To make 500 in 2 days off of 500k, the returns would be 18.25% per year, which is simply not possible. If the bank could make 2% off that money, then it would be about $55 a day or 20k a year
  4. al was not working properly and you knew about the breakdown when you started the.
  5. Customer may be able to stop a bill payment paid by paper draft by contacting Bill Payment Customer Service at 334-821-9200 or 888-988-2162 (outside of Auburn and Opelika) before the paper draft has cleared. If the paper draft has not cleared, Bank will process Customer's stop-payment request