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Cancellation of Stop Payment Order

This template is used by a customer to formally request the cancellation of a previously issued stop payment order on a cheque or electronic funds transfer. It is used when the customer wishes for the payment to proceed after all, or when the original reason for the stop payment no longer applies.

Updated 15d ago
bankingstop paymentcancellationchequeEFTbank formfinancial

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

Bank Information

{{bank_name}}

{{bank_address}}

Subject: Cancellation of Stop Payment Order - Account No. {{account_number}}

Dear Sir/Madam,

Details of Original Stop Payment Order

I hereby request the cancellation of a stop payment order previously placed on my account, number {{account_number}}, with your institution. The details of the original stop payment order are as follows:

Cheque/Transaction Number: {{cheque_transaction_number}}

Date of Cheque/Transaction: {{cheque_transaction_date}}

Payee Name: {{payee_name}}

Amount: {{currency}} {{amount}}

Date Stop Payment Order Placed: {{stop_payment_order_date}}

Reason for Cancellation

The reason for this cancellation request is: {{reason_for_cancellation}}. I now authorise you to honour the aforementioned cheque/transaction if it is presented for payment.

Indemnity

I understand and agree that by cancelling this stop payment order, I release {{bank_name}} from any liability, responsibility, or claims that may arise from the payment of the aforementioned cheque/transaction. I agree to indemnify and hold harmless the bank against any loss, damage, or expense incurred as a result of my instruction to cancel the stop payment.

Authorisation

Please process this request with immediate effect. I understand that this cancellation is subject to your terms and conditions and that there may be a processing time before the cancellation is fully effective.

Contact Information

Should you require any further information or clarification, please do not hesitate to contact me at {{contact_phone_number}} or {{contact_email_address}}.

Sincerely,

{{customer_name}}

{{customer_address}}

{{customer_signature}}

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