A bank must be given a reasonable amount of time to put a stop payment order into effect.

Name: A bank must be given a reasonable amount of time to put a stop payment order into effect.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

This statement is true. Banks typically require a reasonable amount of time, which can vary depending on the bank's policies and procedures, to put a stop payment order into effect. It is important to check with your bank to understand their specific process and timeline for implementing a stop payment order.

A Bank Must Be Given a Reasonable Amount of Time