If you need to place a stop payment on the check or ACH item, make sure you have a valid reason for doing so.
A stop payment is appropriate when a check has been lost or stolen.
You must be very careful if you want to try to stop payment on a check. If you stop payment on a check improperly, you may end up paying three (3) times the value of the check and/or be arrested and possibly sent to jail. Generally, it is improper to stop payment on a check. If you want to consider stopping payment on a check, it is strongly suggested that you speak to an attorney before stopping payment.
We can accept stop payments verbally over the phone. A verbal stop payment is good for only 14 days. In order to extend the stop payment for up to six (6) months, you will need to visit one of the branches and see a credit union representative.
AODFCU charges a $20 fee to place a stop payment on a check. Funds must be available in your account(s) or we can accept cash.
If you are stopping payment on an ACH item, you will be required to file an affidavit with the credit union. It is advised that in this instance, you attempt to contact the issuer of the ACH first. We will verify with you that you had made a reasonable attempt to cancel the ACH by whatever means the issuer deems necessary to cancel the item.