Question

For how long is an oral stop payment order valid?

A. 14 days
B. 30 days
C. 60 days
D. 90 days

Answer 1

An oral stop payment order is typically valid for 14 days, unless written confirmation of the order is provided.

Step-by-step explanation:

An oral stop payment order is a request made by an account holder to their bank to stop payment on a specific check that has not yet been processed. The validity of an oral stop payment order can vary depending on the bank's policies and the specific circumstances.

Typically, an oral stop payment order is valid for a period of 14 days. This means that the account holder has 14 days from the date of the order to provide written confirmation of the stop payment request.

After the expiration of the oral stop payment order, the bank may proceed with processing the check unless a written stop payment order has been received.