American_Bankers_Association
CTFA · Question #95
An order made by an account holder instructing the depository institution to refuse payment on an already issued check.
The correct answer is B. Stop payment. See the full explanation below for the reasoning.
Fiduciary and Trust Activities
Question
An order made by an account holder instructing the depository institution to refuse payment on an already issued check.
Options
- AOverdraft
- BStop payment
- COverdraft protection
- DCheckbook ledger
How the community answered
(26 responses)- A12% (3)
- B81% (21)
- C4% (1)
- D4% (1)
Topics
#stop payment#check processing#account holder rights#deposit accounts
Community Discussion
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