Stop Payment Rider

The Stop Payment Rider provides coverage for:

  1. Failure to comply with a customer’s request to stop payment on a check, note, or draft (excluding travelers’ checks);
  2. Wrongfully refusing to pay a check; and,
  3. Failure to give proper notice of dishonor.

Sample Rider
Coverage Summaries of Bond Riders

Claims Example
  • A bank receives a stop payment request from a customer; however, the paperwork is not properly executed by an employee and the check is wrongfully paid by the bank.

Notwithstanding any language to the contrary, nothing contained herein constitutes nor is intended to constitute an offer, inducement, promise, or contract of any kind. All coverage descriptions and claims examples are provided for informational and educational purposes only and are not a representation as to coverage for any particular claim and are not represented to be error free. Coverage for any claim is determined upon the specific facts of the claim, the terms and conditions of the policy and applicable law. For details on the coverage provided by your specific contract of insurance, please refer to your policy. Coverage is subject to underwriting guidelines and may not be available in all states. Limits may be capped for underwriting reasons. Any links to any sites which are not originated by ABA Insurance Services Inc. (ABAIS) are provided only as a courtesy and are not intended to nor do they constitute an endorsement by ABAIS of the linked materials.