To stop automatic payments from your checking account, there are a few steps you can take:
1. Contact the company: Start by calling or writing to the company that is withdrawing the automatic payments. Let them know that you want to cancel or stop the automatic payments from your bank account. Be sure to provide them with your account details and any relevant information they may need to identify your account.
2. Revoke permission: Make it clear to the company that you are withdrawing your permission for them to continue taking automatic payments from your bank account. This can be done in writing, through a formal letter or email, stating that you are canceling the authorization for automatic payments.
3. Notify your bank or credit union: In addition to contacting the company, inform your bank or credit union about your decision to stop the automatic payments. You can do this by calling or visiting your local branch, or even through their online banking platform. They will guide you on the specific process they have in place for stopping automatic payments.
4. Request a “stop payment order”: If you want to ensure that no further payments are made to the company, you can request a “stop payment order” from your bank or credit union. This order instructs the bank to block any future payments to the specified company. There may be a fee associated with this service, so it’s important to check with your bank beforehand.
5. Monitor your accounts: After taking these steps, it’s crucial to closely monitor your bank account to ensure that no further automatic payments are deducted. Keep an eye on your transaction history and regularly check your bank statements. If you notice any unauthorized payments, contact your bank immediately to report the issue and take appropriate action.
Remember, it’s important to keep documentation of all your communication with both the company and your bank. This includes any correspondence, receipts, or confirmation numbers related to your request to stop automatic payments. Having these records can be helpful in case any disputes arise in the future.