Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What happens if my financial institution processes a cheque to my account even though I had placed a “stop payment” order on it?

April 26, 2017Cheque financial institution happens my account Placed Processes stop payment

0

Posted

What happens if my financial institution processes a cheque to my account even though I had placed a “stop payment” order on it?

1 Answer

0

Posted

This issue is outside the scope of CPA rules and should be addressed to the financial institution. By way of general information, CPA Rules provide for the return of payment items through the clearing due to a stop payment order within the “one business day window” explained above.