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#672650 - 01/25/07 09:05 PM Stop Payments
bankgrl67 Offline
Junior Member
Joined: Apr 2006
Posts: 40
Massachusetts
Is a written signature still needed on a stop payment if we are allowing customers to place stop payments online? They will be required to log into their account to access this feature.

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Operations Compliance
#672668 - 01/25/07 09:12 PM Re: Stop Payments bankgrl67
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
You can consider a stop placed via your online system a written, authenticated stop, if your bank decides that will be policy. I'd recommend adding language to that effect on your online system, and make sure you alert the customer about how critical accuracy is when placing stops.
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John S. Burnett
BankersOnline.com
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